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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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Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales b
lyudmila [28]

Answer:

b. $22.75

Explanation:

We know that

Contribution margin per unit= Sales price per unit - variable cost per unit

Since the selling price is $35

And, the contribution margin is 35%

Therefore, the contribution margin per unit would be

= $35 × 35 per cent

= $12.25

Now add these figures in the formula above.

Hence, the value would be equal to

= $35 - $12.25

= $22.75

The inventory and labor costs are included in the variable cost

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Which characteristic of organizational culture is present in a high degree at the law firm in the Think like a manager: Organiza
masya89 [10]

Answer:

Hierarchy

Explanation:

Often, managers are placed with superior authority than other employees of a firm. These employees are expected to respect the manager in their operations. When it comes to decision making they follow the hierarchy of staff members, that is from Top to Down level.

Thus, In a law firm we would expect a hierarchical structure that is based on years of practicing law.

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Daniel and Melissa just bought a new house for $200,000. Each quarter, they now have to pay $4,000 in taxes. Which type of tax a
Cerrena [4.2K]
Real estate property
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You work for a company that has a form where people can request a free consultation. You want to create a list of people in your
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Which of the following is not true concerning the usage of public land. a. Public land is managed by federal and state agencies.
tekilochka [14]

Answer: The correct answer is "b. Unprotected lands exist inside federal parks.".

Explanation: The statement "Unprotected lands exist inside federal parks" is NOT TRUE concerning the usage of public land because there are no unprotected lands within federal parks.

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