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3 years ago

Complete the sentence.

Business

2 answers:

valentina_108 [34]3 years ago

5 0

Answer:

Imagine that you have won $100 in the state lottery. You have a choice between spending the money on shopping now or putting it away in a

savings account for one year. You decide to spend the money now on shopping. Thus, you will lose the interest that you could have earned by

saving the money. The lost interest is the opportunity cost cost of spending money now.

Explanation:

The opportunity cost is the price you pay for not choosing best second alternative when you make a decision. In this case the person has two options:

1. Spending the money

2. Save the money

Once the money is spending the opportunity costs is generated and it is measure by the interest rate lost for not keeping the money in a savings account that will generate an interest rate known as APY Annual Percentage Yield.

Lelu [443]3 years ago

3 0

Answer:

Imagine that you have won $100 in the state lottery. You have a choice between spending the money on shopping now or putting it away in a savings account for one year. You decide to spend the money now on shopping. Thus, you will lose the interest that you could have earned by saving the money. The lost interest is the opportunity cost of spending money now.

Explanation:

#platofam

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Slappy Corporation leases its corporate headquarters building. This lease cost is fixed with respect to the company's sales volu

monitta

Answer:

$482,000

Explanation:

The computation of the total lease cost is shown below:

For 16,900 units, the lease cost would be

= Lease cost × sales volume ÷ recent sales volume

= $482,000 × 16,900 units ÷ 20,000 units

= $407,290

This would be the answer but the least cost if fixed whether sales volume is increased or not . So, the total lease cost would remain unchanged i.e $482,000

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Liquidity is best defined as the ease of converting an asset into cash. the direct exchange of goods and services for other good

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Answer:

as the ease of converting an asset into cash.

checking account

Explanation:

Liquidity refers to the ease of converting an asset into cash. Cash is the most liquid asset. While assets like real estate are less liquid because it is difficult to convert it to cash as their a lot of processes that must be undertaken before real estate can be converted to cash.

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The financial statement that reports the revenues and expenses for a period of time is known as the.

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2 years ago

John has to choose between two jobs: one that offers him $50 per hour and one that offers him $35 per hour. the opportunity cost

Viefleur [7K]

Answer:

$35 per hour

Explanation:

Data provided;

The John has 2 alternatives to choose from

Alternative 1 offers him $50 per hour

Alternative 2 offers him $35 per hour

John opts for the Alternative 1 i.e $50 per hour

Now,

The opportunity cost is given as the next high valued alternative and for the given question, we have the next high valued alternative of $35 per hour

Hence,

the opportunity cost of choosing the alternative 1 i.e job offering $50 per hour is $35 per hour

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