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
11Alexandr11 [23.1K]
3 years ago
5

Suppose your expenses for this term are as​ follows: tuition:​ $12,000, room and​ board: $6,500, books and other educational​ su

pplies: $1,500.​ Further, during the​ term, you can only work​ part-time and earn​ $3,500 instead of your​ full-time salary of​ $14,000. What is the opportunity cost of going to college this​ term, assuming that your room and board expenses would be the same even if you did not go to​ college?
Business
1 answer:
kiruha [24]3 years ago
5 0

Answer:

The opportunity cost of going to college this​ term, assuming that your room and board expenses would be the same even if you did not go to​ college is $24,000.

Explanation:

Opportunity cost = income forgone + tuition + books- income earned

                            = $14000 + $12000 + $1500 - $3500

                             = $24000

Therefore, the opportunity cost of going to college this​ term, assuming that your room and board expenses would be the same even if you did not go to​ college is $24,000.

You might be interested in
Based on employment statistics for 2010, which ranks the number of jobs in these careers from least to greatest? Crop Production
NemiM [27]

Answer:

Elementary Education → Accounting → Pharmacy → Crop Production

Explanation:

According to the employment statistics, Elementary education employs the least, and Crop production employs the largest number.

3 0
3 years ago
Recently Tanveer switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Tanvee
Dima020 [189]

Answer:

The correct answer is a) Esteem.

Explanation:

The pyramid of the Maslow hierarchy is based on five stages on the needs of people, which function as motivational factors for the individual; these are organized from those that must be satisfied first until reaching the peak of the pyramid.

Among Maslow's needs are:

  • Physiological needs.
  • Need for security.
  • Need for love and belonging.
  • Need for esteem.
  • Need for self realization.

In his theory, Maslow speaks that the needs are being filled from the bottom of the pyramid, which begins with the physiological needs, then progresses to reach the top of the pyramid to meet his need for self-realization. I also make it clear that the requirement should not be satisfied 100% to move on to the next one.

In this case, Tanveer needs importance for esteem. The need for esteem is divided into two: the first is self-esteem, where the need for independence and achievement are present; the second is the desire for reputation or respect of other people where prestige or status is related.

And for Tanveer, the respect and reputation of his employees in his new job are very important to him.

<em>I hope this information can help you.</em>

8 0
4 years ago
Barry has a medical plan with a $1,200 deductible, 20% coinsurance, and a $5,000 coinsurance cap. His allowable medical expenses
Trava [24]

Based on his deductible and coinsurance cap, the amount that Barry will pay is <u>$4,560.</u>

<h3>Amount Barry will pay </h3>

Barry will have to pay the entire deductible of $1,200. The expenses that are left will then be shared between him and the insurer in a 20% - 80% ratio but he will not pay more than $5,000.

Total he will pay out of pocket is therefore:

= Deductible + ( 20% x (Medical expenses - deductible))

Solving gives:

= 1,200 + ( 20% x (18,000 - 1,200))

= $4,560

In conclusion, he will pay $4,560.

Find out more on insurance payments at brainly.com/question/25973180.

4 0
2 years ago
Astair, Inc. reported sales of $6,000,000 for the month and incurred variable expenses totaling $4,600,000 and fixed expenses to
tiny-mole [99]

Answer:

Break-even point in units= 78,000

Explanation:

Giving the following information:

Fixed cost= $940,000

Total contribution margin= (6,000,000 - 4,600,000)= $1,400,000

Unitary contribution margin= 1,400,000 / 70,000= $20

Desired profit= $620,000

<u>To calculate the number of units to be sold, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (940,000 + 620,000) / 20

Break-even point in units= 78,000

4 0
3 years ago
Presented below is information related to Cheyenne Corp., which sells merchandise with terms 2/10, net 60. Cheyenne Corp. record
Anastasy [175]

Answer:

Detailed solution is given in the tabular form below:

8 0
3 years ago
Other questions:
  • Which of the following is true? AChecks and Debit Cards both withdraw money directly from a bank account. BDebit Cards often hav
    13·1 answer
  • Charley has a typing service. he estimates that a new computer will result in increased cash inflow $1,600 in year 1, $2,000 in
    10·1 answer
  • Determine the missing amount for each of the following:
    15·1 answer
  • A company that is organized by both product and function is using ________ organization.
    7·2 answers
  • Question 1 (1 point)
    14·1 answer
  • George works in a factory and is a member of the labor union. He thinks his wages are low for the work that he does, so he tells
    10·2 answers
  • For a perfectly competitive firm that does not shut down, the supply curve is a. the portion of the marginal cost curve at or ab
    10·2 answers
  • Beyer Company is considering the purchase of an asset for $185,000. It is expected to produce the following net cash flows. The
    5·1 answer
  • .................. people lack enthusiasm.
    12·1 answer
  • The first of two significant fiscal policy initiatives enacted by the government during the great recession, signed in february
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!