1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nina [5.8K]
3 years ago
15

Maria has to choose between driving and taking a train to destination A. Travelling by train will cost her $400 and will take 4

hours. Driving to destination A takes 6 hours, and the required amount of gasoline costs $250. Her opportunity cost of time is $15 per hour.
Which of the following statements is true?
A. Maria should choose to drive as it saves her $150
B. Maria should choose to travel by train as it saves her S150 °
C. Maria should choose to travel by train as it saves her $10.
D. Mana should choose to drive as t saves her $10
Business
1 answer:
dlinn [17]3 years ago
4 0

Answer:

None of the options are correct

Explanation:

The train would cost her, which is computed as:

= Cost + (Hours × Opportunity Cost)

= $400 + (4 hours × $15 per hour)

= $400 + $60

= $460

The driving would cost her, which is computed as:

= Cost + (Hours × Opportunity Cost)

= $250 + (6 hours × $15 per hour)

= $250 + $90

= $340

Savings = Train Cost - Driving Cost

= $460 - $340

=$120

None of the options are correct as the she would save $120.

You might be interested in
Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 91,000 shares of $5 par common stock. Dur
Dima020 [189]

Answer:

The total shareholders' equity at the end of 2021 is $465,830

Explanation:

Treasury stock = Shares purchased * Purchase price

Treasury stock = 3,100 shares $12.10 per share

Treasury stock = $37,510

Shareholder′ s equity  = Equity capital + Net income - Dividend - Treasury stock

Shareholder′ s equity  = $266,320 + $107,000 + $55,000 + $37,510

Shareholder′ s equity  = $465,830

Working

Equity capital = (Shares issued × Issue Price) + (Shares issued * Issue price)

Equity capital = (9,600 * $6.70) + (20,000 * $10.10)

Equity capital = $64,320 + $202,000

Equity capital = $266,320

7 0
3 years ago
On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May
Kazeer [188]

Explanation:

May 7

Credit sales of $4,000 which means accounts receivable will increase by $4,000 and Sales revenue will also raise b y the same amount

May 13

Collection on account of May 7th sales which means the account receivable will go down by $4,000 and cash will increase by $4,000

Journal entries

DATE                                     Particulars                                             Amount

May 7th                    Account receivable (+A) Dr.                                $4,000

                                                to Sales revenue (+Equity)                  $4,000

                                        ( To record the credit sales)

May 13th                 Cash (+A)  Dr.                                                         $4,000

                                                 to Accounts receivable(-A)                 $4,000

                                  (To record the receipt of cash)  

5 0
3 years ago
Kim’s flowers decided to borrow $26,000 from the bank and use the proceeds to purchase a new delivery vehicle. How should they c
Neko [114]

Based on the fact that Kim's flowers borrowed the money and used it to buy a new delivery vehicle, this business activity should be categorized as both a financing activity and an investing activity.

<h3>What should they classify this business activity as?</h3>

Because Kim's Flowers got the money as a loan, it would be recorded as an inflow for financial activities.

They then used it to purchase a delivery vehicle which is an investment and a capital asset so this will count as an investment activity.

Find out more on classifying business activities at brainly.com/question/14790406

#SPJ1

8 0
1 year ago
The cost of traveling on a bus,plane,or subway
Ivahew [28]
The cost of traveling on a bus, plane or subway is very cheap.
6 0
3 years ago
Veronica, a vice president of human resources at an auto company, wants to develop its programs for employee empowerment. Howeve
klasskru [66]

Answer:

B) In its rulings, the NLRB has allowed employee empowerment in certain very limited situations.

Explanation:

Employee empowerment refers to a company giving its employees a higher degree of autonomy and independence regarding their normal work related activities.

Personally I don't understand how employee empowerment can affect employees negatively but unions tend to oppose it unless they are directly involved in the empowerment process.

3 0
3 years ago
Other questions:
  • Rent-A-Reck Incorporated finds that it can rent 60 cars if it charges $40 for a weekend. It estimates that for each $5 price inc
    5·1 answer
  • Drag each label to the correct location on the table. Match the companies to their business categories.
    6·1 answer
  • The type of credit card you want to pay in full on time every time is...
    12·2 answers
  • Write three complete sentences about a time in your life when you either showed grit or wished you had shown grit. You will subm
    5·2 answers
  • Recommend ways in which businesses can contribute time and effort to advance the well being of others in a business context in t
    7·1 answer
  • Two-year-old Maya is building a block tower. Her father begins by pointing to where each block needs to go as Maya piles them up
    6·2 answers
  • Jerry, the manager of a small printing company, needs to replace a worn out copy machine. He is considering two machines; each h
    5·1 answer
  • True or False:
    11·1 answer
  • It takes $1200$ workers $8$ years to build $3$ ziggurats. How many years would it take $100$ workers to build $1$ ziggurat
    13·1 answer
  • The _______ section of the marketing plan consists of a detailed description of the article being offered.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!