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
IRINA_888 [86]
3 years ago
11

You have chosen to take a trip during spring break. If you had not gone, you would either have worked at a temporary job or stud

ied for exams. The opportunity cost of your trip is options: A) the wages you would have earned from working and the lower grade earned by not studying. B) the lower grade earned by not studying. C) the value of the trip. D) the wages you would have earned from working. E) We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.
Business
1 answer:
Ivanshal [37]3 years ago
5 0

Answer:

E) We cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, to determine the opportunity cost of something such as a trip, the best alternative forgone must be defined or known.

Therefore, in this context we cannot determine what the opportunity cost is without knowing which alternative, working or studying, you would have preferred.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.

You might be interested in
Purdue Company signed a one-year lease on April 1, 2017, and paid the $45,600 total yearâs rent in advance. Purdue recorded the
kogti [31]

Answer:

Rent expense debit and credit prepaid rent

Explanation:

Prepaid expense refers to those expenses that have been paid in advance before they are accrued. Some examples prepaid expenses are prepaid rent and prepaid insurance.

Prepaid expenses are debited and cash is credited at the time expenses are paid in advance. At the end of the year, adjustment entry is made when the expense expires. Following is the adjustment entry made at the end of the year:

Date                        Particulars                          Debit($)                 Credit($)

December               Rent expense                     45,600

31'2017                           Prepaid expenses                                       45,600

                                (To record expired prepaid

                                  rent)

7 0
3 years ago
Suppose the following information: The cost of a full-page color ad in the U.S. national edition of The Wall Street Journal (new
lawyer [7]

Answer:

E) Super Bowl

Explanation:

For computing the lowest CPM we need to do the following calculations

                                   (a)                                  (b)                           (a ÷ b)

Particulars                  U.S. national edition   U.S. audience size   CPM

Wall streel Journal     $327,897                    $1,566,027                  20.94%

USA today                   $207,720                   $1,711,696                    12.14%

Bloomberg

Businessweek             $148,300                    $900,000                   16.48%        

Sports Illustrated         $396,600                   $3,000,000                13.22%

Super Bowl telecast     $3,800,000              $108,400,000          3.51%

As we can see from the above calculations that the super bowl has the lowest CPM

hence, the option E is correct

3 0
3 years ago
when choosing over the next best alternative due to trade offs faced, what is given up is called the​
Alex Ar [27]

Answer:

b. opportunity cost

Explanation:

<u>The opportunity cost is a term for a process when one thing is chosen and the other alternatives are lost as a cost. </u><u>This is one of the key concepts in economics</u>, as it explains the gain, costs, benefits, and choices. It doesn’t only have to refer to the money cost, but to any loss, that is made during the process of choosing between the alternatives.

The profit and benefits of other choices are lost by making a decision to chose one thing, and benefiting it from it alone.

8 0
3 years ago
is an unlevered firm with a total market value of $3,900,000 with 60,000 shares of stock outstanding. The firm has expected EBIT
Korvikt [17]

Answer:

Earnings per share= $3.58

Explanation:

Earnings per share(EPS) = Earnings attributable to share/Number of shares

Price per share = $3,900,000/60,000=$65 per share

The units of shares to be re-purchased with debt proceed

= The proceeds from debt/share price

=$975,000/$65= 15,000

The number of shares outstanding after repurchased = 60,000-15,000= 45,000 units

EBIT                                                     220,000

Less interest (6%×975,000)                <u> (58,500)</u>

Earnings attributable to shares           <u>    151,500</u>

Earnings per share                                151,500/45,000 units=$3.58

Earnings per share= $3.58

5 0
3 years ago
Roberts, which began business at the start of the current year, had the following data:Planned and actual production: 40,000 uni
UkoKoshka [18]

Answer:

Gross margin = $166,500

so correct option is C. $166,500

Explanation:

given data

Planned and actual production = 40,000 units

Sales = 37,000 units @ $15 per unit

Production costs

Variable = $4 per unit

Fixed = $260,000

Selling and administrative costs

Variable = $1 per unit

Fixed = $32,000

to find out

gross margin that the company would disclose on an absorption costing income statement

solution

we get here sale that is

Sales = 37000 ×  $15

sales = $555,000

and

cost of good sold is

cost of good sold is = variable cost per unit + fixed cost per unit

cost of good sold is = 4  + \frac{260000}{40000}

cost of good sold is = 10.5

so total cost of god sold = 37000 × $10.5

total cost of god sold = $388500

so Gross margin is here

Gross margin =  $555,000 - $388500  

Gross margin = $166,500

7 0
2 years ago
Other questions:
  • A friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to fi
    9·1 answer
  • Are secretary most important employee in a business?
    14·1 answer
  • Jamie is a 47-year-old accountant who has worked for a large software firm for more than 25 years. His performance during this t
    6·1 answer
  • HELP ME PLZ i’ll give brainliest Greg owns numerous factories that prepares corn syrup for shipment. His team has packed the syr
    10·1 answer
  • Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction
    7·1 answer
  • Which of the following will not be a consequence of an import tariff?
    11·1 answer
  • Process manufacturing involves taking raw materials and physically or chemically changing them into another form, while the asse
    14·1 answer
  • In the model of monopolistic competition, if an industry has large ________ relative to another industry, then we should expect
    15·1 answer
  • Marcie conducted a study of the cost of breakfast cereal. She recorded the costs of several boxes of cereal. However, she neglec
    8·1 answer
  • The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 12.25% bonds having a face amount of
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!