<u>Full question:</u>
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 scale
b)budget constraint
c)opportunity cost
d)opportunity set
<u>Answer:</u>
His friend is referring to the opportunity cost
<u>Explanation:</u>
Opportunity costs describe the gains a person, investor or company drops out on when picking one choice over another. The cost of practicing something is previously the cost of the highest-valued alternative use. Bottlenecks are frequently a condition of opportunity costs.
The method for determining an opportunity cost is solely the contrast within the expected returns of any option. Estimating opportunity costs can lead you to more effective decision-making. Opportunity cost examination also performs a crucial role in preparing a business's capital structure.
Answer:
c. 750 units
Explanation:
The computation of the inventory position is shown below:
Inventory position (IP) = Number on‐hand inventory + Number of scheduled receipts - number of backorders
= 700 units + 150 units - 100 units
= 750 units
We simply added on hand inventory units, scheduled receipts units and deducted the back orders units so those correct units could find out
Answer:
The ending balance in the retained earnings account on December 31, 2009 was $11,000
Explanation:
For computing the retained earnings balance on December 31, 2009, the following equation should be used which is shown below:
= Ending retained earnings + dividend paid - net income
= $31,000 + $16,000 - $36,000
= $11,000
Since we have to find out the beginning retained earning so we add the dividend amount and deduct the net income amount
If we find out the ending balance of December 31, 2010, than we add the net income and deduct the dividend amount.
Hence, the ending balance in the retained earnings account on December 31, 2009, was $11,000
Answer:
The company's cost of equity capital is 0.056
Explanation:
cost of equity capital
= risk free rate + beta*(expected return on market - risk free rate)
= 0.01 + 0.92*(0.06 - 0.01)
= 0.056
Therefore, The company's cost of equity capital is 0.056
Unlawful employment practice based on the discrimination on the basis of colour, race, sex, religion, origin, etc is against the law. Lily Led-better sued the company after knowing that she’s been paid less than the male managers for the same work done and at the same time employed.
She is entitled to the equal amount of salary that the employees at her level or status are getting. Within the organization, if there is discrimination based on sex, race etc upon payment of wages or salary it will be against the rule of law.