Answer:
The earnings foregone by skipping the two tournaments on the PGA tour is cost of opportunity
Explanation: The cost of opportunity of an economic decision that has several alternatives is the value of the best unrealized option. In other words, it refers to what a business stops earning, when choosing an alternative among several available. In this case are the prizes the golf player lost for not playing the tournments.
Answer:
The answer is 'Buy a Stock Index Future'
Explanation:
To take best advantage of this situation, Mr Smith should go long(buy) on this stock.
Stock Index Future js a method of derivates. Futures, like forward contract is a forward commitment which obligates the buyer to purchase an asset or the seller to sell an asset and have a predetermined future date and price. Future is used to hedge against worse future situations.
Answer:
Accounts receivable balance=$306,000.
Explanation:
Given Data:
DSO=17 days
Annual sales=$6,570,000
Number of days in year=365 days
Required:
Accounts receivable balance=?
Solution:
Average sales per day:
Calculating account receivable:
Accounts receivable balance=$306,000.
Answer:
Producers and consumers :)
Explanation:
Market economies are run by buyers and sellers, there is no government involved.
