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nlexa [21]
3 years ago
7

In one day, Sue can change the oil on 20 cars or change the tires on 20 cars. In one day, Fred can change the oil on 20 cars or

change the tires on 10 cars. Sue's opportunity cost of changing oil is ________ than Fred's and her opportunity cost for changing tires is ________ than Fred's.
A) greater; less
B) less; greater
C) less; less
D) greater; greater
Business
1 answer:
mario62 [17]3 years ago
4 0

Answer:

Sue's opportunity cost of changing oil is <u>more</u> than Fred's and her opportunity cost for changing tires is <u>less</u> than Fred's.

Explanation:

Opportunity Cost is the value of next best alternative sacrifised while choosing an alternative. Eg : If I can read English or Science & opportunity cost of reading it is reading Science.

               Oil         Tires          Sacrifise Ratio  (Oil:Tires)  

Sue       20           20             20:20 = 1:1

Fred       20            10             20:10 = 2:1 or 1:0.5

Sue can change oil by sacrifising 1 unit tire, Fred can change oil by sacrifising 0.5 unit of tire. So, Sue's opportunity cost of changing oil is more than Fred's .

Fred can change tire by sacrifising 2 units of oil, Sue can change tire by sacrifising 1 unit of oil. So, Sue's opportunity cost of changing tires is less than Fred's.

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Kahle Company has two support departments: Purchasing and Payroll. The Purchasing Department expense is $500,000 to process 50,0
allsm [11]

Answer: $15600

Explanation:

To calculate the amount of the Payroll Department's cost that is allocated to the Assembly Department goes thus:

First we need to calculate the allocation rate which will be:

= $300,000/25,000

= $12.

Then, the departmental cost will be:

= Payroll checks × Allocation rate

= 1,300 × $12

= $15,600.

Therefore, the amount of the Payroll Department's cost that is allocated to the Assembly Department is $15600.

3 0
3 years ago
Financial literacy is the set of skills and knowledge needed to make informed decisions about __________. A. career matters B. m
Likurg_2 [28]

Answer: B. Money matters

Explanation: “Financial” means the management of money, so money matters would be the correct answer.

5 0
3 years ago
Dyan, the owner of expert restoration services, inc., adheres to the "principle of rights" theory. under this theory, a key fact
gulaghasi [49]

Affects the rights of others.

The principal of rights theory says individuals should have the maximum freedom and rights and those are only limited if the rights would infringe on rights of other people

4 0
3 years ago
Read 2 more answers
If a stock is purchased for $100 per share and held one year, during which time a quarterly dividend of $1.5 is paid, each quart
xenn [34]

Answer:

Total yield or rate of return is 0.36 or 36%

Explanation:

To calculate rate of return which is also the total yield on the stock, we will use the following formula,

Total Yield = (D + C) / P0

Where,

  • D represents dividends paid by the stock during the year
  • C is the capital appreciation(pr depreciation) or rise(or fall) in the price of the stock as compared to the purchase price
  • P0 is the purchase price or price in Year 0

Total dividends for the year = 1.5 * 4 = $6

C = 130 - 100 = $30

Total Yield = (6 + 30) / 100

Total yield = 0.36 or 36%

7 0
3 years ago
a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called?
mestny [16]

<u>Answer:</u>

The correct answer for this is: Gross Rent Multiplier.

<u>Explanation:</u>

The type of a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called Gross Rent Multiplier (GMR).

Gross Rent Multiplier is used to find the approximate net incomes that does not include any bad debts or expenses.

Also, it is considered as the quickest tool to estimate the values, such as of a building.

6 0
3 years ago
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