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Dmitry [639]
3 years ago
7

You pay $75 for a ticket to a Drake concert. You think the ticket is worth $100. The night before the concert your friend offers

you a free ticket to a Post Malone concert that you think is worth $80. What is the opportunity cost to you of going to the Drake concert instead of the Post Malone concert?a) $155b) $20c) $5d) $75e) $80
Business
1 answer:
lukranit [14]3 years ago
5 0

Answer: $80

Explanation:

The opportunity cost is regarded as the real cost of the alternative that was left or forgone.

Based on the information given in the question, the opportunity cost is the free ticket to a Post Malone concert that is worth $80 which was given to me by my friend.

Therefore, the correct option is E.

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A couple needs $60,000 as a down payment for a home. If they invest the $45,000 they have at 4% compounded quarterly, how long w
elena-s [515]

Answer:

7 years

Explanation:

45000(1.01)^28= roughly 60,000

28/4 (quarters) = 7 years

8 0
3 years ago
On January 1, 2020, Castaway Corp. issued 5,000 shares of preferred stock ($15 par value) at $45 per share. Each share of prefer
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Answer: C. A decrease to assets for $45,000.

Explanation:

When shareholders redeem their stock, the company pays them for the redeemed stock at a certain price which in this case is $45.

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6 0
3 years ago
NEED HELP ASAP!!!!!! 8 POINTS!!!!Explain five guidelines to follow when shopping from home.
zepelin [54]
1) Use desposable cards A.K.A prepaid cards
2) Choose credit cards instead of debit card
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Verify if website is secure. If the website is not secure and does not have a lock in the top left corner, then the website is NOT secure. There might be hackers which will steal your information and the website was not made for proper use. 

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6 0
4 years ago
Read 2 more answers
Proco had an account payable of $6,400 due to Shirmoo Inc., one of its suppliers. The amount was due to be paid on January 31. P
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Answer:

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a)        NA                                         - $6,400 AP

                                                       <u>+ $6,400 NP</u>

                                                        net effect $0

b)        NA                                         + $128 interest              - $128 retained

                                                                    payable                        earnings

c)     -$6,528 cash                         -$6,400 NP                                 NA

                                                      -$128 interest p.                  

         revenue                  -                expenses                  =             income

a)       NA                                            NA                                           NA

b)       $0                                           $128                                        -$128

c)       NA                                            NA                                           NA

8 0
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Answer:

Explanation:

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Check attachment for 2, 3 and 4.

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8 0
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