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3 years ago

Use the following table for the problem below.

Business

1 answer:

baherus [9]3 years ago

6 0

Answer:

No option is correct:

A. Larry offers Curly 1 ping-pong ball for 1/4 of a hat.
B. Curly offers Larry 1 hat for 3 ping-pong balls.
C. Curly offers Larry 1 hat for 4 ping-pong balls.
D. Larry offers Curly 1 ping-pong ball for 1/3 hat.

In order for Curly to win and Larry lose, Curly must offer 1 hat in exchange for 6 or more ping-pong balls.

Option A: Larry wins 1 ping-pong ball.
Option B: Larry wins 2 ping-pong balls.
Option C: Larry wins 3 ping-pong balls.
Option D: Larry wins 0.13 of a hat.

Explanation:

Opportunity costs are the benefits lost or extra costs associated to choosing one investment or activity over another alternative.

In this case, Larry can either have 1 hat or 5 ping-pong balls. Curly can have 1 hat or 2 ping-pong balls.

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3 years ago

Read 2 more answers

There is no such thing as a free lunch.This statement best reflects the fact that a. consumers are unwilling to pay for a good u

Alexandra [31]

Answer: Option B

Explanation: Opportunity cost refers to the of loss of profit when an individual or firm chooses one alternative over other.

The statement in the given case, depicts the opportunity cost one has to pay of using the scarce resources that could be sued on different alternatives.

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Hence, the correct option is B.

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3 years ago

How donfederal student loans differ from private student loans

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3 years ago

For each of the following corporate formations, (1) write the amount of gain or loss that will be recognized by the shareholders

Maslowich

Answer:

Back Stop, Inc.

1. The amount of gain or loss that will be recognized by the company:

a. $30,000 gain

b. $80,000 loss

2. The corporation's basis in the property after the transfer:

a. $150,000

b. ($80,000)

Explanation:

1) Data and Calculations:

a. Building $150,000 Capital, Kelly $120,000 Unrealized gain $30,000

b. Unrealized loss $80,000 Capital, Kelly $80,000

2) The building contributed by Kelly is worth $150,000 for the corporation. However, the contribution by John is worth nothing in real terms. Instead, an unrealized loss is being suffered by the corporation.

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2 years ago

Exercise 169 Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assem

Alchen [17]

Answer:

1. Assembly line wages - Direct labor, manufacturing cost

2. Raw material used directly in product - Direct material, manufacturing cost

3. Depreciation on office equipment - In direct, Administrative cost

4. Property tax on factory building - Indirect, Manufacturing cost

6. Sales commission - Selling cost

7. Depreciation on factory equipment - Direct, Manufacturing cost

8. Factory utilities - Administrative cost

9. Wages for factory maintenance workers - Direct, Manufacturing cost

10. Advertising - Selling cost

11. Indirect material used in production - Indirect, Manufacturing cost

12. Factory manager's salary - Administrative cost

Explanation:

The cost which is affected by the production of units is known as variable cost. The cost which does not vary with the units produced is fixed cost.

The costs which are related to selling and storage of the finished goods is selling cost. The cost which is not affected by units produced and is related to office premises and controlling an organization is administrative cost. The cost which varies with the production of units and is incurred to convert raw material into finished goods is manufacturing cost.

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3 years ago