Answer: The Mexican trip with his best friends
Explanation:
Ryan cannot choose both options and thus has to make a decision of which option to take. Therefore he automatically sacrifices the other option. This type of decision is relevant and is known as a relevant cost. Relevant costs are costs that differ between alternatives, and thus influence the decision that you will make.
Opportunity cost is a type of relevant cost. This is the option that is given up / sacrificed when one option (laptop) is chosen over another (Mexican trip). In this case the opportunity cost is the Mexican trip when the laptop is chosen.
Answer:
The dentist should get a new drill and it does not matter who pays for the new drill
Explanation:
Based on the information given the economically efficient outcome is that The dentist should get a new drill and it does not matter who pays for the new drill reason been that the building is been share by both the dentist and the radio station in which the electrical current from the dentist's drill was the one who causes static in the radio broadcast making them to lose some amount of money which means the dentist should go ahead and buy a new drill in which it does not matter who pays for the drill because they both shared the building .
Answer: ($203)
Explanation:
The company’s 2010 change in net working capital will be calculated thus:
Net working capital = current assets - current liabilities
For 2009, net working capital will be:
= $2,584 - $1,191
= $1393.
For 2010, net working capital will be:
= $2,644 - $1,048
= $1596
Change in net working capital will be:
= $1393 - $1596
= ($203)
Answer:
Record all transactions in a check register.
Explanation:
It's easier to track how money is spent if there is a paper trail.
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