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
artcher [175]
3 years ago
7

Every society faces​ trade-offs because we live in a world of scarcity. Suppose a​ student-athlete has the opportunity to earn ​

$1 comma 000 comma 0001,000,000 next year playing for a minor league baseball​ team, ​$500 comma 000500,000 next year playing for a european professional football​ team, or​ $0 returning to college for another year.
Business
2 answers:
Leokris [45]3 years ago
8 0

Answer: Opportunity cost of returning to college next year is $1,000,000.

Explanation: Opportunity cost is the cost of the next best alternative sacrificed or foregone. When the athlete chooses to join college he is sacrificing his income that could be earned from playing the game. The player has the option of playing for the minor league baseball team for $1,000,000 or for European professional football team for ​$500,000. The person thus has a choice between playing for the minor league baseball team (since it is the highest paying) or going to college. Thus the opportunity cost of going to college will be $1,000,000.

GrogVix [38]3 years ago
6 0

Answer:

The earnings will generally be at $ 1 000 000.

Explanation:

A student, while playing for the league, will be earning the amount of $ 1 000 000. In addition, the European conditions will subject him to $ 500 000. In the third year, the student will not have earnings anymore. To make the most profit, the student needs to play professional baseball for the tune of $ 100 000.

You might be interested in
By definition, _____________ is the activity, set of institutions, and processes for creating, communicating, delivering and exc
ANTONII [103]

Answer:

The correct answer is E

Explanation:

Marketing is the procedure or the process of interesting the potential customers or consumers as well as the clients in products or services. In short, it is the procedure which involves distributing, promoting, selling and researching the services or the products.

Therefore, the marketing is the set of institutions, activity and the processes for communicating, delivering and creating that value for the clients, society and customers at huge.

4 0
3 years ago
________ development is a joint approach among those who seek economic growth with "wise resource management, equitable distribu
Mnenie [13.5K]

Answer:

<u>Sustainable</u>

Explanation:

Sustainable development in simple terms refers to the development which can be sustained or carried forward for a long period of time.

It refers to satisfying and meeting the needs of the current generation without jeopardizing the needs and resource availability for the future generations.

Economic development refers to the rise in per capita income while sustainable development incorporates economic as well as human development.

Such development aims at judicious usage of resources , equitable distribution of resources and reduction in wastage.

7 0
3 years ago
Which of the following is a business plan most similar to? A pinball machine
pickupchik [31]

Answer:

C: A road map.

Explanation:

Business plans are mapped out just like road map. Pinball machines and dreams are not mapped out and wish lists are just collections of things that you want while a business plan is a plan of action.

Hope this helps!  :)

5 0
3 years ago
This information relates to Cheyenne Real Estate Agency.
gregori [183]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr,                            $31,770

       To Common stock               $31,770

(Being issuance of shares for cash is recorded)

2. No Journal Entry is required

3. Office furniture Dr,          $3,740

       To Accounts payable           $3,740

(Being purchase of office furniture on credit is recorded)

4. Accounts receivable     $10,430

            To service revenue        $10,430

(Being customer billed for service is recorded)

5. Cash                                $185  

            To credit revenue       $185

(Being cash received for service is recorded)

6. Accounts payable $800  

                To cash                $800

(Being cash paid for office furniture purchased is recorded)

7. Salaries expense Dr, $3560  

               To cash                $3560

(Being salary paid is recorded)

5 0
3 years ago
ENETEAU CORPORATION
4vir4ik [10]

Answer:

See below

Explanation:

Statement of cash flows for the year ended December 31, 2020 using the indirect method.

Cash flow from operating activities:

Net loss = $12,000

Adjustment to reconcile net loss with cash flows from operating activities:

Depreciation = ($20,000 + $10,000 - $13,000) = $7,000

Loss on sale of land = $2,000

Increase in accounts receivable = ($20,000)

Increase in prepaid expense = ($5,000)

Increase in accounts payable = $6,000

Net cash used in operating activities = ($12,000)

Cash flow from investing activities

Sale of land = ($40,000 - $18,000 - $2,000) = $20,000

Sale of equipment = $5,000

Net cash generated by investing activities = $25,000

Cash flow from financing activities

Retirement of bond = ($12,000)

Proceeds from issuance of bonds = $20,000

Net cash used by financing activities = $8,000

Net increase in cash = $6,000

Add: beginning cash balance = $31,000

Ending cash balance = $37,000

Workings

• Calculation of depreciation

The accumulated depreciation at the end of the year 2020 = ($20,000)

Hence;

Accumulated depreciation at the end of the year 2020 = ($13,000)

Increase in accumulated depreciation during 2020 = $20,000 - $13,000 = $7,000

Add: accumulated depreciation on equipment sold during 2017 = $10,000

Total depreciation expense for 2020 = $7,000 + $10,000 = $17,000

• Calculation of proceeds from sale of land:

Cost of land = $40,000 - $18,000 = $22,000

Loss on sale of land = $2,000

Therefore,

Proceeds from sale of land = cost of land sold - loss on sale of land

= $22,000 - $2,000

= $20,000

• Calculation of issuance of bonds payable during 2020

The bonds payable at the end of year 2019 = $19,000

Hence,

Bonds payable at the end of year 2020 = $27,000

Retirement of bonds during year 2020 = $12,000

Therefore,

Bonds issued during 2020 = $27,000 + $12,000 - $19,000 = $20,000

4 0
2 years ago
Other questions:
  • British government 4% perpetuities pay £4 interest at the end of each year forever. Another bond, 2½% perpetuities, pays £2.50 a
    6·1 answer
  • Coca-Cola spent $102 million through The Coca-Cola Campaign focusing on water stewardship, healthy and active lifestyles, commun
    5·1 answer
  • Which of the following statements is true regarding the cumulative translation adjustment? Select one: Changes in the cumulative
    9·1 answer
  • To minimize the invasion of privacy, _____.
    13·1 answer
  • Logan is a midlevel manager at Oranges Inc. When she turns 60, her company forces her to take mandatory retirement in exchange f
    13·1 answer
  • What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one?
    7·2 answers
  • During the initial Forming stage, where new team members are excited yet concerned that the project work might be difficult, the
    9·1 answer
  • Two weeks ago Acme Electronics announced that it had developed a new chip design which was being considered by major companies f
    7·1 answer
  • What bankruptcy provision has the bank chosen?<br><br> 45 POINTS
    12·1 answer
  • Your body uses minerals for many different jobs, including __________. (select all that apply.)
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!