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kap26 [50]
3 years ago
7

"if i didn't have class tonight, i would save the $4 campus parking fee and spend four hours at work where i earn $10 per hour."

the opportunity cost of attending class this evening is:
Business
1 answer:
bixtya [17]3 years ago
3 0
Opportunity Cost = It is the cost that is to be sacrificed for achieving something else.  
Given: - 
Campus parking fess (class) = $4 
Income earned through working for 4 hours in place of attending class = $40 ($10/hr) 
 Solution: -  
Opportunity cost of attending class = $4 + $40 = $44.
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What are the key elements in undue influence
astra-53 [7]

<u>Explanation:</u>

The key elements of undue influence are as follows:

The parties to the contract should have relationship based on trust, confidence or authority. One person takes advantage of another person with authority.

To enter into the agreement the stronger party influences the other party by using force, domination or unfair persuasion.

When there is undue influence then there is no genuine assent of the party to the agreement.

The party to the agreement does not have adequate knowledge about the consequences of the agreement.

5 0
3 years ago
The need for change to automated sales at Bergman’s most likely arises from a(n) ______ force.
Andrews [41]

Answer:

Behavioral Force

Explanation:

Priya acknowledges that competitors are changing its purchase method to an automated one. She sees the trend in consumer behavior and establishes that Bergman has to adopt this new method to be up to date in regards to market best practices.

Therefore, she is affected by a behavioral force to change, in this case, the consumer behavior force.  

6 0
3 years ago
The real payoff of driving forces is to help managers understand: A. the extent to which rivals have more than two competitively
labwork [276]

Answer:

B. what strategy changes are needed to prepare for the impacts of those driving forces.

Explanation:

Driving force analysis is defined as the process by which managers and businesses identify and account for changes that occurs in the industry.

They influence the structure of the industry and also the competitive behaviour of rival companies.

So driving force analysis will help the manager formulate strategies that will mitigate the effects of these driving forces on the company's performance.

8 0
3 years ago
Machinery purchased for $67,200 by Coronado Co. in 2016 was originally estimated to have a life of 8 years with a salvage value
zepelin [54]

Answer:

Entries need for recording depreciation given the change in estimation is:

Dr Depreciation expenses                 4,592

Cr Accumulated depreciation           4,592

( to record depreciation expenses in the year of 2021, given depreciation estimate changes)

Explanation:

Relating to the change in depreciation estimate, the firm will not have to book any adjustment in previous depreciation expenses which is based on the old estimate, instead it will have to re-calculate depreciation expenses given the new estimate which are shown as below:

The net book value as at the beginning of 2021 is:

Purchase price - accumulate depreciation over 5 year

in which: purchase price = $67,200

               accumulated depreciation over 5 year = depreciation expenses per yer x 5 = ( 67,200 - 4,480) /8 * 5 = $39,200

Thus, net book value at the beginning of 2021 is $28,000 which will be used to determine depreciation expense per year for the remaining 5 years of useful life, calculated as:

Depreciation per year: (28,000 - 5,040)/5 = $4,592.

7 0
3 years ago
Read 2 more answers
Hornsby has a single production department, and uses a process-costing system. The balance in its Work-in-Process account on Jan
Firdavs [7]

Answer: A debit to Work-in-Process Inventory for $432,000.

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7 0
3 years ago
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