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
vlada-n [284]
3 years ago
5

You and your friend are traveling home, you discuss how each of you might otherwise have used the four hours devoted to attendin

g the concert. the four hours could have been used to study, to watch a sporting event on tv, or to get some extra sleep. your friend decides that if she had not spent four hours attending the concert, she would have chosen to study, and you reply that you otherwise would have watched the televised sporting event. identify the relevant opportunity costs for you and your friend for allocating your four hours to attending the concert. explain briefly.
Business
1 answer:
nekit [7.7K]3 years ago
6 0

The relevant opportunity costs for you and your friend for allocating four hours to attending the concert are<u> "watching a sporting event on TV for you and studying for your friend. "</u>


An opportunity cost is characterized as the estimation of a forgone action or elective when another thing or action is picked. Opportunity cost becomes possibly the most important factor in any choice that includes a tradeoff between at least two alternatives. It is communicated as the relative cost of one option as far as the next best option.  


You might be interested in
The write-off of intangible assets is called
myrzilka [38]
The answer to this question is:

<span>The write-off of intangible assets is called?
</span>C-"Amortization."

Hoped This Helped, <span> Awifeamother
Your Welcome :) </span>
7 0
3 years ago
Read 2 more answers
Compute the receivables turnover ratio using the following information:
REY [17]

Answer:

Receivables Turnover Ratio is 4

Explanation:

Computation of Average Receivables

Opening Receivables           $ 40,000

Ending receivables               <u>$ 60,000</u>

                                               $ 100,000

Average receivables            $   50,000

Net Credit Sales                    $ 200,000

The Receivables Turnover ratio is calculated by dividing the Net Credit Sales by the Average Receivables.

Receivables Turnover Ratio = Net Credit Sales / Average Receivables

$ 200,000/ $ 50,000   = 4

8 0
3 years ago
On October 31, the stockholders’ equity section of Sunland Company’s balance sheet consists of common stock $696,000 and retaine
nika2105 [10]

Answer:   Please find answers in the explanation column

Explanation:

Summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.

                     Before action After stock dividend After stock split

Stockholder's equity  

Paid in capital $696000 696000+ $65,250           $696,000

                                                       =$761,250

Retained earnings $397000 397000-($65,250)             $397,000

                                                          =$331,750  

Total Stockholder's

equity                 $1,093,000        $1,093,000               $1,093,000

Outstanding shares $87,000   87000 + 4,350              87000 x 2 =  

                                                          =$91, 350                      $174,000

Calculations:

stock dividend = Number of outstanding shares x percentage of dividend

= 87,000 x 5% =4,350

Amount to purchase 4,350 shares= number of shares x market value per share = 4,350 x 15= n$65,250

Number of shares after stock split of 2-for -1 = 87,000 x 2 = 174,000

7 0
3 years ago
Decko Industries reported the following monthly data: Units produced 52,000 units Sales price $ 33 per unit Direct materials $ 1
Rus_ich [418]

Answer:

$1,275,000

Explanation:

The computation of the  contribution margin is shown below:

As we know that

Contribution margin = Sales - variable cost

or

Selling price per unit - variable cost per unit

And, the direct material per unit, direct labor per unit, and the  Variable overhead per unit are variable cost

So, if 50,000 units are sold, the contribution margin per unit is

= 50,000 × ($33 - $1.50 - $2.50 - $3.50)

= $1,275,000

3 0
3 years ago
Kael Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1
lukranit [14]

Answer:

the correct answer is

(c) What internal control features exist in a petty cash fund?

3 0
3 years ago
Other questions:
  • Cloverdale, Inc., uses the conventional retail inventory method to account for inventory. The following information relates to c
    13·1 answer
  • An artisan who creates customized furniture has a customer who is interested in purchasing several pieces of furniture. The arti
    11·1 answer
  • The Analytical Hierarchy Process is used to decide among three projects that we'll call A, B, and C. The total score for project
    9·1 answer
  • Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years o
    11·1 answer
  • Bill and Kay are a married couple with $13,000 in total deductions. In 2019 are they better off...
    9·1 answer
  • TB MC Qu. 08-104 Marlow Company purchased a point of... Marlow Company purchased a point of sale system on January 1 for $3,400.
    12·1 answer
  • Consider each of the transactions below. All of the expenditures were made in cash.
    13·1 answer
  • When does information become as liability for an organization
    10·2 answers
  • You won the lottery and may choose between Prize 1, which would pay you $50,000 today and $200,000 at the end of 10 years OR rec
    9·1 answer
  • thomas jefferson's decision to initiate the louisiana purchase in 1803 was an early example of the exercising of presidential po
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!