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
Lorico [155]
3 years ago
7

John gives up a shift at work so he can go to Universal with a friend. He spends $150 at Universal. He would have earned $220 du

ring the shift at work. John's explicit cost of going to Universal is $ . His implicit cost of going to Universal is $ . His opportunity cost of going to Universal is $ . If John had decided NOT to go to Universal, and instead went to work, then at the end of the work day he would have $ . Enter whole numbers only.
Business
1 answer:
shtirl [24]3 years ago
6 0

Answer: John's explicit cost of going to Universal is $150 . His implicit cost of going to Universal is $220 . His opportunity cost of going to Universal is $ 70. If John had decided NOT to go to Universal, and instead went to work, then at the end of the work day he would have $ 220

You might be interested in
Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc
Llana [10]

Answer and Explanation:

The journal entry to record the given transaction is as follows

Retained earning Dr (0.30 million × $54) $16.2 million

      To Common stock (0.30 million × $1) $0.3 million

      To Additional paid in capital in excess of par (0.30 million × $53) $15.9 million

(Being the stock dividend is declared)

The computation of the shares after declaring the dividend is

= 30 million × 1%

= 0.30 million

6 0
3 years ago
In _____ innovation, innovations in products or services end up completely replacing existing products or service technologies.
MakcuM [25]

Answer:

disruptive

Explanation:

The term that is being described is known as a disruptive innovation. In the context of business theory, this term refers to an innovation that creates an entirely new market and value network which ultimately disrupts the old market and value network, while at the same time taking over market-leading firms, products, and alliances. One example of this are Smartphones which disrupted laptops as the primary way consumers use the internet in today's world.

4 0
3 years ago
When preparing the operating activities section of the statement of cash flows using the indirect method, a decrease in accounts
PSYCHO15rus [73]

Answer:

True

Explanation:

statement of cash flows can be regarded as financial statement which gives analysis of how cash as well as cash equivalent is affected by any changes in balance sheet accounts.

The indirect method of statement of cash flows begins with loss or the net income as well as the substraction of values from non cash revenue which result in case flow as a result of operating activities.

7 0
3 years ago
Anticipatory and response-based business models are the two ways used by firms to fulfill customer requirements. However, keepin
SashulF [63]

Anticipatory business model is the business type where everything is pre-defined and Response based business model is the one which have reduced the forecasting by joint planning.

<h3>What are types of business models?</h3>

There are various kinds of business model, which business performs these days, it also depends upon the range of customers the business is dealing with. Some of the hem are-

  •    Bundling model. ...
  •    Freemium model. ...
  •    Razor blades model. ...
  •    Product to service model. ...
  •    Crowdsourcing model. ...
  •    One-for-one model. ...
  •   Franchise model. ...
  •    Distribution model.

Thus, both the business model concentrate on different things.

For more details about types of business models, click here:

brainly.com/question/11230747

#SPJ1

5 0
2 years ago
The chefs at Lorifusion, a continental restaurant, are given the freedom to try out new ways of presenting their dishes. This he
REY [17]

Answer:

The answer is: A) A creative work environment

Explanation:

Creative working environments usually enable employees to spend time creating different products, being unpredictable, testing different ideas, making mistakes, and innovating.

It's not easy for management to create such working environments, specially when innovation is not linear, is unpredictable and may be inefficient sometimes. But at the long run, innovative companies will tend to dominate their markets.

7 0
3 years ago
Other questions:
  • Complete the table by calculating the surplus or deficit both in absolute (dollar) terms and as a percentage of gdp. if necessar
    5·2 answers
  • Types of imperfect competition
    15·1 answer
  • An awareness of the impact of today's actions on tomorrow's costs is a concept that underlies which of the following notions? Se
    13·1 answer
  • the interest paid on bonds issued by the united states government is less than the interest on many other forms of investment. Y
    9·1 answer
  • Which element of internal control deals with establishing procedures for things such as handling of incoming checks, and which e
    11·2 answers
  • Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and
    7·1 answer
  • There is low interdependence, performance ambiguity, and costs of control in firms pursuing Multiple Choice a localization strat
    8·1 answer
  • Which of the following is true of customers who are regarded as ""promoters"" based on the net promoter score associated with th
    14·1 answer
  • Explain what a trade war is
    11·1 answer
  • Soup Inc. has the following budgeted sales: January $60,000, February $80,000, and March $90,000. 40% of the sales are for cash
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!