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mestny [16]
4 years ago
6

Melody decides to spend 3 hours working overtime rather than going to the park with her friends. She earns $20 per hour for over

time work Her opportunity cost of working is
Business
1 answer:
Sedaia [141]4 years ago
5 0

Answer:

C) the enjoyment she would have received had she gone to the park.

Explanation:

Opportunity costs are the costs (or benefits lost) from choosing one activity (or investment) over another activity (or investment).

Since our resources are scarce, and time is one of the most scarce resources, we cannot do two completely different things at the same time. Melody has to choose between going to the park or going to work. If she decides to go to the park, her opportunity cost will be the money she could have earned working. But since she decided to go to work, her opportunity cost is the enjoyment she could have received by spending time on the park.

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Unloading the dishwasher is an example of a _____.
svp [43]

Answer:

C. Locationally sensitive task

Explanation:

Unloading a dishwasher is physical task that requires a high level of attention and care, e.g. if you do not pay attention you might end up breaking all the dishes. Even though it is not something difficult to do, if not done properly, there are several things that could go wrong so your focus must be solely placed on doing that specific task.

6 0
3 years ago
Cynthia has been asked by her superior to calculate the total shareholder’s equity. Which balance will she add to the opening eq
umka21 [38]

Answer:

A. retained earnings

Explanation:

Retained earnings are part of a company's profits that have not been distributed to shareholders as dividends. It means that retained earnings belong to shareholders only that they have not been shared with them. Businesses use retained earnings to further investments into the business.

Retained earnings are added to the opening balance of equity to determine the balance of shareholders' equity. They are added because they belong to shareholders.

3 0
3 years ago
When a process is in control, it results in there being, on average, 16 defects per unit of output. c-chart limits of 8 and 24 w
rosijanka [135]

Answer:

4.56%

Explanation:

From the given information:

In a c-chart limit

UCL = \bar c+ z \times \sqrt{\bar c }

where;

\bar c = 16

UCL = 24

Then:

24 = 16 + z \times \sqrt{24}

24 -1 6 = z \times \sqrt{24}

8 = z \times 4.89

z = \dfrac{8}{4.89}

z \simeq 2.0

At z = 2.0, the value represents the probability of 95.44% of not making a Type 1 error.

This implies that the probability of making a Type 1 error = 1 - 95.44%

= 4.56%

3 0
3 years ago
Brief Exercise 1-1 (Algo) Accrual accounting [LO1-2] Cash flows during the first year of operations for the Harman-Kardon Consul
Morgarella [4.7K]

Answer:

Net Income for the year is $174,000

Explanation:

Net Income Calculation for the year is done below:

<u>Particulars</u>                                                            <u>$</u>

Revenues (290,000 + 50,000)                      340,000

Less: Rent (30,000 / 2)                                    (15,000)

Less: Salaries                                                   (110,000)

Less: Utilities (40,000 + 1,000)                        (41,000)

Net Income                                                        174,000

Please note the following with regard to the calculation done above:

  • Revenue includes both the cash collected from customers and cash owed by the customers, which received later on at the end of the year.
  • Rent has been divided by two, this is due to the fact that calculation of  net income is done for the current period so only one year rent is taken.
  • Utilities include cash paid for utilities and the amount company owed to gas & electric company.
5 0
3 years ago
g A speculator buys a call option for $3, with an exercise price of $50. The stock is currently priced at $49, and rises to $55
azamat

Answer:

$53

Explanation:

Call option is $3

Exercise price is $50

The stock is currently priced at $49

It rises to $55 on the expiration date

Therefore the cost price at which the speculator will break even can be calculated as follows

= ($50-$3)+($55-$49)

= $47 + $6

= $53

8 0
3 years ago
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