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hoa [83]
3 years ago
11

Joe sold gold coins for $1,000 that he bought a year ago for $1,000. He says, "At least I didn't lose any money on my financial

investment." His economist friend points out that in effect he did lose money because he could have received a 3% percent return on the $1,000 if he had bought a bank certificate of deposit instead of the coins. The economist's analysis in this case incorporates the idea of:
a. opportunity costs
b. marginal benefits that exceed marginal costs
c. imperfect information
d. normative economics
Business
1 answer:
VMariaS [17]3 years ago
6 0

Answer:

The correct answer is a. opportunity costs

Explanation:

The cost of opportunity is the best alternative that you sacrifice when you choose an option.  

It represent the benefits that you misses out on when choosing one alternative over another.  

In this case the best alternative  you misses out, was buy a bank certificate of deposit,  and at the end of the year would have had $1030.

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What is the most accurate description of person-organization fit?
gavmur [86]

Answer: a match between an individuals personality and values, and those of the organization

Explanation:

8 0
3 years ago
On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960 for the entire program upfront. The program in
vichka [17]

Answer:

Revenue - March = $160

Explanation:

The accrual principle in accounting states that the revenues for a period should match the expenses for that particular period and any revenue or expense should be recorded in the period to which it relates to. This means that the upfront fee received by Fit Co. is a liability and should not be recorded as a revenue until it is earned. So, by providing two sessions in the month of March, Fit Co. has earned revenue for 2 sessions out of the twelve. Thus, at the end of March, Fit Co. should record a revenue of,

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8 0
3 years ago
The December 31, 2015, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,105 and current liabilities of $9
IrinaK [193]

Answer:

$165

Explanation:

The working capital of organization is the difference between the current assets and the current liabilities of the organization. It shows if a company has enough short term assets or asset that can be converted quickly to cash to settle obligations that will arise in the short term.

Working capital as at December 31, 2015

=$1,105 - $915

=$190

Working capital as at December 31, 2016

=$1,320 - $955

=$365

Change in working capital in 2016

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5 0
3 years ago
Increasing sales without changing the original product
solmaris [256]
Dropping prices
Increased advertising
Comparing yours to competitors
5 0
4 years ago
Suppose that Larimer Company sells a product for $24. Unit costs are as follows:
MrMuchimi

Answer:

Unitary variable cost= $8.08

Contribution margin= $15.92

Explanation:

Giving the following information:

Direct materials $4.98

Direct labor 2.10

Variable factory overhead 1.00

The variable cost per unit is the sum of direct material, direct labor, and variable overhead.

Unitary variable cost= 4.98 + 2.1 + 1= $8.08

The contribution margin per unit is the difference between the selling price and the unitary variable cost:

Contribution margin= 24 - 8.08= $15.92

6 0
3 years ago
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