Answer:
Opportunity Cost refers to loss of potential gain which could've resulted from other non chosen alternatives when one opts for an alternative. It's also defined as the next best alternative.
The Opportunity Cost of attending a 4 year college with full time schedule & living on campus would be the foregone income another student earns who works in an organization for those same number of hours for the same duration of 4 years and also the fees paid for those 4 years at the college which if would've been banked or invested would've yielded a return.
The reason for choosing a four year college experience over above mentioned alternatives could be the in the form of expected higher income once an individual avails a degree.
Massage therapist or professional Typer
Answer:
The answer is: 10 Snickers bars and 20 cans of Coke.
Explanation:
To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(24 x $0.75) + (12 x $1.25) = $33 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(22 x $0.75) + (14 x $1.25) = $34 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(15 x $0.75) + (18 x $1.25) = $33.75 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(10 x $0.75) + (20 x $1.25) = $32.50 <u> </u><u>SHE CAN AFFORD TO BUY</u>
Answer:
$33,500
Explanation:
Relevant data provided
Total Credit Sales = $670,000
Percentage of bad debts = 5%
The computation of Bad Debt Expense is shown below:-
Bad Debt Expense = Total Credit Sales × Percentage of bad debts
= $670,000 × 5%
= $33,500
Therefore for computing the bad debt expenses we simply multiply the total credit sales with percentage of bad debts.
Answer:Manufacturers produce or make products. They typically sell them to wholesalers or distributors that have expertise in getting products to retailers. Retailers then hold inventory and market the goods to consumers that purchase them for personal or family consumption.
