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ivann1987 [24]
2 years ago
15

The government is trying to maintain the infrastructure of the country, provide Social Security benefits to citizens, and regula

te airline security. Congress has a budget for spending on all three of $1 billion. They decide to spend 45% on infrastructure, 45% on Social Security Benefits, and 10% on regulating airline security. Based on the information provided in this situation, which of the following best describes the opportunity cost?
a.
The citizens will not benefit from the spending because none of the programs directly affect them.

b.
The government will be able to improve the road system, encouraging more people to drive on vacations. Social Security benefits will provide income for the elderly and disabled, allowing them to spend money, thus boosting the economy. Airline security might be slightly improved because of the ability to hire, but there will not be enough money to provide the latest equipment.


c.
However, Social Security benefits will suffer because a larger amount was spent on airline security.

d.
There is no opportunity cost in this situation
Business
2 answers:
vampirchik [111]2 years ago
8 0

Answer:

B.The government will be able to improve the road system, encouraging more people to drive on vacations. Social Security benefits will provide income for the elderly and disabled, allowing them to spend money, thus boosting the economy. Airline security might be slightly improved because of the ability to hire, but there will not be enough money to provide the latest equipment.

Explanation:

likoan [24]2 years ago
3 0

The government will be able to improve the road system, encouraging more people to drive on vacations. Social Security benefits will provide income for the elderly and disabled, allowing them to spend money, thus boosting the economy. Airline security might be slightly improved because of the ability to hire, but there will not be enough money to provide the latest equipment.

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Nathan wants a formula to return "YES" if the value in cell A1 is less than the value in cell B1, and to return "No" otherwise.
notsponge [240]

Answer:

IF function

Explanation:

The options to the question are missing; however, I'll assume the question related to Microsoft Office Excel.

To do the task in the question, Nathan can only make use of the IF function.

This is so, because the question relates to conditional statement.

The full if statement is:.

=IF(A1 < B1, "YES","NO")

5 0
3 years ago
John operates a boat rental business in a competitive industry. He owns 10 boats and pays $1,000 per month on the loan that he t
gregori [183]

Answer:

in the off season he should operate as long as he rent one boat for one month

Explanation:

Given data:

number of boat 10

rent cost for 1 boat $200

variable cost is $50

in the off season he should operate as long as he rent one boat for one month. the reason behind this is that at this condition variable cost is less than cost for rent. As long as he rent one boat for a month the variable cost remain less than the rent cost of boat

4 0
2 years ago
Oriole Inc. reported total assets of $2407000 and net income of $324000 for the current year. Oriole determined that inventory w
swat32

Answer:

Total Asset $2,381,500

Net income $298,500

Explanation:

Overstated Inventory Leads to the overstatement of Total Assets value and Net Income. Ending Inventory Value is added in the total asset balance, overstatement in ending inventory causes overstatement in total assets.

The Ending Inventory is also used in the calculation of Cost of Goods sold. Overstated Inventory will cause understatement in Cost of Goods sold and overstatement in Net Income.

To rectify its effect we will deduct the overstated value of Inventory from Total Asset balance and Net Income value.

Total Asset = $2,407,000 - $25,500 = $2,381,500

Net Income = $324,000 - $25,500 = $298,500

4 0
3 years ago
Jaworski’s Ski Store is completing the accounting process for its first year ended December 31, 2015. The transactions during 20
Nonamiya [84]

The answer & explanation for this question is given in the attachment below.

8 0
2 years ago
Norwing LLC is looking to fill its chief executive officer position as its current CEO will soon be retiring. Norwing receives a
Nikitich [7]

<u>Answer:</u> If Norwing does not hire him because he is an African-American, the company has engaged in ethnic discrimination.

<u>Explanation:</u>

Workplace discrimination is illegal which can be based on race, religion, gender, age, disability, nationality origin etc. Ethnicity discrimination means people are from different groups such as racial, religious linguistic basis.

Norwing LLC  has to only consider the skills and capability of the person to be in chief executive officer position. As Henry is the best-qualified applicant for the job the company has to consider in recruiting him rather than discriminate based on his ethnicity that is African-American or else the company has to face legal consequences.

4 0
3 years ago
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