1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dmitry_Shevchenko [17]
3 years ago
8

An owner of a small firm needs to hire some managers. Assume that each manager has time to

Business
1 answer:
Flura [38]3 years ago
7 0

Answer:

The opportuniy cost is the cost of forgoing one alternative.

In this case, the opportunity cost of Task B is the value of Task C, which is $50,000.

This is because the owner has hired two managers, one to do Task A, and another to do Task B, which leaves Task C unattended.

You might be interested in
Which of the following statements is FALSE?A. Financial ratios help compare over time companies of different sizes and industrie
dimaraw [331]

Answer:

B. Asset utilization ratios describe how efficiently, or intensively, a firm uses its assets to generate sales

Explanation:

7 0
3 years ago
Problem 2-16 Balance Sheet (LG2-1) Glen’s Tobacco Shop has total assets of $96.4 million. Fifty percent of these assets are fina
snow_lady [41]

Answer:

The balance for long-term debt and retained earnings on Glen’s Tobacco Shop’s balance sheet is $18.2 million and $27.8 million respectively

Explanation:

The computation is shown below:

Given that

Debt = 50% ×  Total Assets

= 50% × $96.4 million

= $48.20 million

As we know that

Total Debt = Current Liabilities + Long Term Debt

$48.20 million = $ 30.0 million + Long Term Debt

So, the long term debt is $18.2 million

Now,

Total Assets = Total Liabilities + Owner's Equity

where,

Total Assets = Long Term Debt + Current Liabilities + Common Stock and paid-in surplus + Retained Earnings

$96.4 million = $18.2 million + $30.0 million + $20.4 million + retained earnings

So, the retained earnings is $27.8 million

7 0
3 years ago
The example of Arvind Eye Hospitals in India demonstrates the use of recombinant innovation to:_______
docker41 [41]

Answer:

b. Achieve operational excellence in order to reduce costs and thereby pass on the savings to patients

Explanation:

Arvind Eye Hospitals in India demonstrates the use of recombinant innovation. This innovation helps in making healthcare easier and more successful.

The innovation also serves as an operational excellence in order to reduce costs which causes a ripple effect in passing on the savings to the patients in question.

4 0
3 years ago
Explain the relationships between a firm’s short-run production function and its short-run cost function .Focus on the marginal
VMariaS [17]

Answer:

uh

Explanation:

4 0
3 years ago
. Funsters, Inc., the largest toy company in the country, sells its most popular doll for $15. It has just learned that its lead
OLEGan [10]

Answer:

B. increase the supply of its doll now before the other doll hits the market

Explanation:

Funsters Inc. should increase supply of it´s popular doll now before the doll of Toysorama company hit the market at low price. This will give first mover advantage to Funsters Inc., Which will help the company to grab market share and gain revenue from the market before other company launches its doll. Competition in the market can be handled by taking first step.

3 0
4 years ago
Other questions:
  • Lydia is a senior in high school. She works 20 hours a week at a popular clothing store. She is trying to save as much
    6·2 answers
  • How to cancel membership
    7·2 answers
  • Joe Jackson opened Jackson's Repairs, Inc. on March 1 of the current year. During March, the following transactions occurred and
    8·1 answer
  • Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: (ignore §179 expense and bonu
    13·1 answer
  • Writing an effective résumé requires the author to select their wording very carefully.T or F
    5·2 answers
  • To purchase new furniture, the owner of a restaurant borrowed $5,000 for 2 years and paid $350,000 simple interest on the loan.
    5·2 answers
  • The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:
    15·1 answer
  • What is a surplus?????????<br>​
    15·1 answer
  • Your boss would like your help on a marketing research project she is conducting on the relationship between the price of juice
    9·1 answer
  • Hi.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,,.,.,.,.,.,;]
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!