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balu736 [363]
3 years ago
13

Sarah has a certain amount of money budgeted for tea and snacks during the work week, and she always aims to spend her entire bu

dget. If she spends her entire budget on tea, she can afford 40 cups of tea. If she spends her entire budget on snacks, she can afford 8 snacks. What is the opportunity cost of a snack?
Business
1 answer:
Lera25 [3.4K]3 years ago
4 0

Answer: 5 cups of tea

Explanation:

Opportunity cost is what an individual, firm or government forgoes in order to get something else. For example, an individual might have $2. A pen costs $2 likewise a notebook. If the person decides to buy the pen, the opportunity cost is the notebook which he or she did not buy.

With the money Sarah has, spending her entire budget will give her 40 cups of tea or 8 snacks. This implies that for 1 snack, the opportunity cost is (40/8) = 5 cups of tea

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The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beg
maksim [4K]

Answer:

$ 168,000

Explanation:

Include both Mark-ups and Mark-Downs and Exclude beginning inventory

When LIFO Inventory Method is used to find out Ending inventory retail Value. Cost to Retail Ratio will be Applied for both Previous year ending Inventory and the Current Year addition To Calculates

the Previous year Ending inventory :

Cost to Retail Ratio : Ending inventory at cost / Ending inventory at Retail

For Current year Addition :

Cost to Retail Ratio : Current Year Addition in Cost /Current Year Addition in Retail

Current year addition in retail includes : Markup ,Markdown purchases

Kindly check the attached images below to see the step by step explanation to the question above.

5 0
3 years ago
Compute the payback period for each of these two separate investments: A new operating system for an existing machine is expecte
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Answer and Explanation:

The computation of the payback period for each investment is shown below;

For Option 1

= Initial Investment ÷  Annual Cash Flow

= $280,000 ÷ $134,569

= 2.081 Year

Here Annual cash inflow is

= Net income + Depreciation

= $80,769 + (($280,000 - $11,000) ÷ 5)

= $134,569

For Option-2

= Initial Investment ÷ Annual Cash Flow

= $200,000 ÷ $70,429

= 2.84 Year

Here Annual cash inflow is

= Net income + Depreciation

= $44,000 + (($200,000 - $15,000) ÷ 7)

= $70,429

6 0
2 years ago
KING company wants to issue new 10-years bonds to finance some needed expansion. The company currently has an 8 percent coupon b
Gemiola [76]

Answer:

Coupon rate is 7.41%

Explanation:

Using the price formula , the yield to maturity can be calculated first of all:

Bond price=coupon interest /yield to maturity

Bond price is $1080

coupon interest is 8%*$1000=$80

$1080=$80/yield to maturity

$1080*yield to maturity=$80

yield to maturity=$80/$1080

                         =7.41%

However if the price of the bond becomes the par value, the coupon rate can be calculated thus:

$1000=coupon payment/7.41%

coupon payment =$1000*7.41%

coupon payment=$74.1

coupon rate=$74.1/100=7.41%

5 0
3 years ago
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Answer:

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3 years ago
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Answer:

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Explanation:

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