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stiks02 [169]
3 years ago
12

Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him

and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.Select the correct answer below:a) economies of scaleb) budget constraintc) opportunity costd) opportunity set
Business
1 answer:
Kruka [31]3 years ago
3 0

Answer:

C) opportunity cost

Explanation:

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

In this case, Bobby will spend $60 in the concert ticket, but he is also not going to be able to work and earn his salary for the day (or afternoon). That lost salary is the opportunity cost of deciding to go to the concert instead of working.

You might be interested in
Zellars, Inc. is considering two mutually exclusive projects. A and B. Project A costs $75,000 and is expected to generate $48,0
katrin [286]

Answer:

A. $18, 097 

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

The npv can be calculated using a financial calculator

Cash flow in year 0 = $-80,000

Cash flow in year 1 = $34,000

Cash flow in year 2 = $37,000

Cash flow in year 3 = $26,000

Cash flow in year 4 = $25,000

I = 10%

NPV = $18,097.12

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

8 0
3 years ago
Using the information below, calculate cost of goods sold for the period: Sales revenues for the period$1,312,000 Operating expe
nikitadnepr [17]

Answer:

COGS= $543,000

Explanation:

Giving the following information:

Cost of goods manufactured for the period 548,000

Finished Goods Inventory, January 1 44,000

Finished Goods Inventory, December 31 49,000

<u>To calculate the cost of goods sold (COGS), we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 44,000 + 548,000 - 49,000

COGS= $543,000

5 0
3 years ago
Unit Test
ad-work [718]

The work value that Ramona feels the strongest is that the work with people

Explanation:

Work values are the values that are employed in a work place and there are many kinds of work values that develop the inter personal relationship between peoples

In the given statement she loves to work with the people in the after school program she loves to interact with the people talk with them and gain some personal experience and she feels them the strongest

4 0
3 years ago
Is the statement below true or​ false? ▼ True False . ​(Select from the​ drop-down menu.) The cash surplus can be used for a var
nlexa [21]

Answer:

(A)  The cash surplus can be used for a variety of purposes. In the​ short-term, they may replace their​ car, buy better​ furniture, or more quickly pay off their home. TRUE

(B)Alternatively, they may purchase stocks and​ bonds, or increase their savings for future needs. TRUE

(C) Investments in the stock market are generally designed to increase an​ individual's future​ wealth, the purchase of bonds typically allows one to at least retain their purchasing​ power, while investment in savings accounts provide liquidity. FALSE

Explanation:

(A) The currency can be used to anything he owner wants.

(B) Correct, the ecnomics always define that a person after receiving his income has only two option available. It can used in consumer goods. Or it can saved  to invest

(C) The reason the stock and bonds exist is to raise fund for companys whichyield a return. The company takes the most benefit from this system as it would be difficult to convince a single peroson to invest a large amount in his business. Through sotck it can ask for fewer amount to more people but, this people will receive an income but it won't become rich for a couple shares.

As this part is not true, then the whole sentence must be catalogate as false.

5 0
3 years ago
What message is this price tag telling shoppers? (other than it is on sale)
KatRina [158]
It is saying that it was $9 and it was then marked down on sale for 7:00. The tag is also telling you the size.
3 0
2 years ago
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