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aleksandrvk [35]
3 years ago
5

John's friend just gave him a pair of concert tickets to see his favorite rock group perform this weekend. Each ticket sells for

$25. John's boss asked him to work overtime the same weekend and at the same time as the concert. John currently makes $10.00 an hour and his overtime pay for the four hours his boss asked him to work is double the hourly rate. If John decides to go to the concert, his opportunity cost is
Business
1 answer:
Len [333]3 years ago
6 0

Answer:

$80 lost for not working

Explanation:

Opportunity cost refers to the sacrificed benefits as a result of preferring on a particular option over another. As people make choices, the forfeit one option in favor of another. Opportunity cost is the missed value of the next best alternative.

For John, he has a choice between working or going to the concert.  He has two tickets worth $50. Working would mean her twice her regular income, which is $20 per hour. If he works for four hours, his total earning will be $80. If John chooses to go to the concert, he will miss the opportunity to earn $80. The opportunity cost will be the missed $80 that he would have received from working.

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PLEASE HELP! WORTH 25 POINTS
Mariulka [41]

Answer:

Something to do when youre younger 16^ is go to your dream job and ask if they need help now if they say yes than put in double the work to show them that you actaully want this job.

Explanation:

1

Write down a list of your skills and abilities. Research careers suited to your skills. Think about the jobs you are truly able to do and would enjoy most. This will help you narrow your search and focus your visualization.

2

Imagine that you have your dream job. Picture yourself waking up, getting ready for work and driving to your new job. Think about your tasks and what your co-workers and boss say to you. Make the scenario as real as possible.

3

Incorporate all five senses into your visualization, including touch, taste, hearing, smell and sight. These details will make your brain think the scenario is real.

4

Act as if you have your dream job. For example, write "I work as a chef and I love my new job" on a sticky note. Stick the note where you'll see it often. Think about the note frequently throughout the day.

5

Think about the lifestyle you'll have because of your dream job. Visualize getting your first paycheck from the job. Imagine being able to meet your financial goals, such as buying a house, going on vacation or taking care of your family.

6

Write your goals on index cards and review them daily. Take a few moments every day to create a visualization based on each card.

7

Visualize your dream job for five minutes each morning when you wake up and before you go to bed at night. Eliminate noises and outside distractions to help you concentrate.

8

Take actual steps toward obtaining your dream job. For example, enroll in college and earn a degree that will help you get a job in your desired field. Go to seminars related to your field to meet managers and business owners who can hire you. Make friends with someone who has your dream job and ask him how he got the position.

3 0
3 years ago
a company currently producing 10 air conditioners each day has daily total costs of $1,500. producing an additional air conditio
pantera1 [17]

If the company produces an additional 11th air conditioners, the daily costs would reach $1750.

A cost is the worth of money that has been expended to produce something or provide a service and is therefore no longer available for use in production, research, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.

A total of $1500 per day is spent producing 10 air conditioners.

$250 is the daily cost of creating an extra air conditioner.

Cost per day total for manufacturing 11th air conditioners

= Daily production costs for 10th air conditioners plus daily production costs for a single additional air conditioner

= $1500 + $250

Therefore, the cost of manufacturing the 11th air conditioner = $1750

To know more about cost, refer to this link:

brainly.com/question/20534030

#SPJ4

5 0
1 year ago
On March 1, 2017, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company
OleMash [197]

Answer:1. Cost on warehouse of

$8600

Answer. Debit cost of land

2. Sales of salvage materials of $1700

Answer. Credit cost of land

3. Attorney fee of $1100

Answer Debit cost of land

4.Broker fee of $5000

Answer. Debit cost of land

5. Architect fee $7800

Answer. Debit cost of land

6. Driveway and parking lot

Answer. Debit cost of land.

Explanation:

The cost of property includes the price of purchase and other related tax e.g vat paid on the property, plants or equipment.

The cost of the asset further includes all cost spent to bring it to the desired state of use while subtracting all income earned in the process and this necessitate the treatment of the cost of raising warehouse and salvage materials.

Included in the cost of the asset acquired are the professional fees incurred like the Architecture, Attorney etc. Furthermore the cost included the driveway and parking lots for they are also necessary to make it usable.

5 0
3 years ago
Crowl Corporation is investigating automating a process by purchasing a machine for $802,800 that would have a 9 year useful lif
puteri [66]

Answer:

Simple rate of return = 6.25%

Explanation:

As per the data given in the question,

Net operating income = saving - depreciation on machine

Investment =  cost price - scrap value

So, we can calculate the simple rate of return by using following formula:

Simple rate of return = Net operating income ÷ investment

By putting the value, we get

= ($138,000 - $89,200) ÷ ($802,800 - $22,200)

= 0.0625

= 6.25%

7 0
3 years ago
Riley Company borrowed $36,000 on April 1, Year 1 from the Titan Bank. The note issued by Riley carried a one year term and a 5%
IRINA_888 [86]

Answer:

The amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows would be -$850 or $850 outflow

Explanation:

The computation of the cash flow from the operating activities for year 2 is shown below:

= Cash revenue in year 2 - interest on notes payable

= $950 - $1,800

= -$850

The negative amount shows an outflow of cash .

The interest on the note payable is computed by

= Borrowed amount × interest rate

= $36,000 × 5%

= $1,800

7 0
3 years ago
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