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
andre [41]
3 years ago
14

Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $1,800 on books, and $11,

000 on room and board. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. What is Frank’s opportunity cost of going to college?
a. $33,800
b. $42,600
c. $49,800
d. $57,000
Business
1 answer:
alex41 [277]3 years ago
7 0

Answer:

b. $42,600

Explanation:

First, we calculate the total cost of college:

21000+1800+11000=33800

Now, we calculate the net income she would receive, if she didn't go to the college:

16000-7200=8800

Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.

33800+8800=42600

You might be interested in
Creating a favorable impression and building trust with prospective customers is a critical part of the __________ step of perso
AnnyKZ [126]

Answer:

Approach

Explanation:

Personal selling in the domain of finance involves the process in which customer are able to convinced about a products to buy them, it is usually utilized by sales person and it involves many steps . It should be noted that Creating a favorable impression and building trust with prospective customers is a critical part of the approach step of personal selling.

3 0
3 years ago
In 2019, Muhammad purchased a new computer for $16,000. The computer is used 100% for business. Muhammad did not make a $179 ele
Len [333]

Answer: His cost deduction would be $3,200

Explanation:

Without the mid-quarter convention Muhammad’s 2019 MACRS deduction would be $3,200 ($16,000 x .20). The mid-quarter convention slows down the taxpayers available cost recovery deduction.

8 0
3 years ago
The concept of target market as it pertains to marketing is defined as: Group of answer choices Dividing a market into groups ba
SSSSS [86.1K]

Answer:

The correct option is option D, that is A set of buyers sharing the common needs or characteristics that the company decides to serve.

Explanation:

The concept of target market is termed as the group of potential customers to whom a company wants to sell its products and services. This group also includes specific customers to whom a company directs its marketing efforts.

Thus

Option A is not correct as it is not the market target, it is the process of market segmentations.

Option B is not correct as it is a the market coverage strategy which targets several segments of the market.

Option C is not correct as it is a method of effective marketing.

So only option D is correct.

8 0
3 years ago
What type of good is often provided by the government because it is hard to get people to voluntarily contribute their fair shar
gayaneshka [121]

Answer:

Option (D) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option (D) because public goods are given by the government and It can be used by everyone at a time and without any cost.

While the other options are incorrect because of the following reasons:

  • Private goods are not given by the government.
  • Club goods can be given by the government but at a cost.
  • Common resource goods are of government and can not be used by everyone.
  • Government goods can be used by the government only.
5 0
3 years ago
The global-standardization strategy arises out of the combination of: Question 7 options: 1) high pressure for cost reductions a
kati45 [8]

Answer:

The correct answer is the option 1: high pressure for cost reductions and low pressure for local responsiveness.

Explanation:

To begin with, the concept known as <em>"Global Standardization"</em>, in the field of marketing and business, refers to the strategy that the companies can use when they decide to implement the same marketing strategy or campaign to every country in where the organization works. Therefore that the term refers to the standardization of the strategy that the company use in the marketing area to the whole globe due to the fact that mainly they look for the reduction of the costs and also because the pressure from the local responsiveness from the other foreign countries tend to be very low.

3 0
3 years ago
Other questions:
  • The following stock transactions were completed by the executive vice president of Vinco, Inc., a publicly traded corporation: J
    6·1 answer
  • Company XYZ is looking for a Finance/Accounting intern. The student filling this position will handle a wide range of important
    15·1 answer
  • Anyone knows how to get free chorus hero I need it for a worksheet that’s due today but u have to pay to use chorus hero I don’t
    13·1 answer
  • Will Smith, the actor, appears on the Late Show With David Letterman to promote his newest action-adventure movie. This is not a
    6·1 answer
  • our company, Johnson Farm Products, has decided to expand its traditional business serving farm owners in order to include home
    11·1 answer
  • A process currently services an average of 50 custom-ers per day. Observations in recent weeks show that its utilization is abou
    13·1 answer
  • Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated beginnint i
    13·1 answer
  • If a financial manager focuses on monitoring and influencing the company's current assets and liabilities, he or she is involved
    5·1 answer
  • TravelEasy Inc. has issued 30-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 14% and the
    12·1 answer
  • When a negative real shock hits the economy, in the absence of any monetary intervention?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!