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alexandr1967 [171]
3 years ago
10

Pete is a recent finance graduate who has two passions: music and finance. Upon graduation, he was offered an opportunity to joi

n a struggling rock band with a lot of potential, or a job at a large well-established financial services company. By joining the band, he will forego which of the following?
Business
1 answer:
timama [110]3 years ago
8 0

Answer:

He will forego 'job at a large well-established financial services company'

Explanation:

Pete's opportunity cost of 'joining band' is - 'job at huge financial service company'.

Opportunity cost is the cost of next best alternative foregone while choosing an alternative.

Eg: If I like rice & noodles, opportunity cost of eating rice is the other best option i.e noodles.

Similarly: Pete having 2 options of following Music or Finance; deciding to join band - has opportunity cost as the other option i.e 'job at huge financial service company'

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Do these ratio values and ratios look​ strong, weak or in​ between?
kvasek [131]

Answer:

Ratio values cannot be judged in isolation.  For example, the Phone Corporation's ratios calculated previously have no industry benchmarks against which they can be compared.  The ratios for competitor can also be used for comparison.  Again, the ratios were calculated for only one period in each case.  There should be a trend analysis and computation of ratios over some years in order to assess their strengths and weaknesses.

Overall, they do not look strong.  But, one should not be too quick to conclude on this issue.

Explanation:

Ratio analysis is a technical method of gaining insight into a company's liquidity, operational efficiency, and profitability by comparing the elements of its financial statements such as the balance sheet and income statement.  While ratio analysis is a cornerstone of fundamental equity analysis, it must be noted that the values produced are just relative measures which cannot be meaningful without being related to some benchmarks or compared over a number of years.

5 0
3 years ago
Labor Input Physical output 10 500 11 600 12 690 13 760 14 800 Refer to the above table, answer the following questions: A. If t
Mama L [17]

Answer:

Explanation:

Labor Input       Physical output  

    10                              500

     11                               600

     12                              690

     13                              760

     14                               800

marginal output of 11 th labor = 600 - 500 = 100

price of each product = 7

marginal revenue product  of 11 th labor  7 x 100 = 700

B )

price of each of  the goods sold = 10

marginal factor cost of labour = 700

minimum no of goods to be sold to cover the labour cost

= 700 / 10 = 70

no of goods added due to  addition of 11 the labour = 100

no of goods added due to  addition of 12 the labour = 90

no of goods added due to  addition of 13 the labour = 70

so no of units of labor upto which  the firm will continue to hire

= 13 .  

7 0
3 years ago
The key to building a network is to: a. be able to ask for favors. b. convince someone to do something that he or she may not or
Fed [463]

Answer:

c.

Explanation:

A network is a group of two or more points (buildings, people, computers etc.) that are linked together to share information. The key to building a network is to get people to enroll in your vision due to your enthusiasm or idea. The more people that believe in your vision, the more individuals will join your network. Which is what a network needs, more and more endpoints to contribute to its existence.

7 0
3 years ago
Phil enters into a contract with Quality Resorts, Inc., to work as a chef. Under the plain meaning rule, the meaning of this con
icang [17]

Answer:

"The face of the instrument"

Explanation:

This is a legal phrase which means the contract (aka the "instrument") must be read "on its face." Basically, you should put everything you want the contract to say in plain language and the parties are only held to the plain, common understanding of exactly what is written down.  

The idea is that no party can go back and say that something else is expected or implied from the contract unless it is actually written down.  

7 0
3 years ago
When teresa carleo, the owner of plant fantasies, started her business, staying with the business for the first few years was di
mote1985 [20]

Teresa's decisions to stay with the business and work from home exemplify <u>"long-term strategic plans".</u>


A strategic plan with key long-term objectives fills in as a structure for settling on choices and gives a premise to arranging. Assembling a key arrangement can give the knowledge expected to stay with an on track by defining objectives and estimating achievements. By breaking down the data in the long term plan, administrators can roll out important improvements and set the phase for additionally arranging.

4 0
4 years ago
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