Answer:
A student spends three hours and $20 at the movies the night before an exam. The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment).
Explanation:
<span>The
graphical representation that summarizes the steps a consumer takes in
making the decision to buy your product and become a customer is called conversion funnel.</span>
Answer:
The demand for hotel rooms is inelastic
Explanation:
An inelastic demand is the one that is not very sensitive to price changes (the price elasticity of demand is less than one). In this case, even though the RitzminusCarlton hotel cut they rates by $50 per night, they did not see a significant response in occupancy. It is not perfectly inelastic because in that case the RitminusCarlton hotel would not have seen any changes in occupancy (they saw a response in occupancy, but it was not meaningful). In the demand and supply graph, an ineslatic demand curve is steeper than the normal one. The more inelastic the more steeper the curve.
The answer is GAAP (General Accepted Accounting Principle) for answering the question above. The managerial accounting is the financial recording process for internal usage. A company uses this information for an evaluation and prediction basis. This process must also comply with<span> the GAAP. Thus, GAAP is the most suitable answer.</span>
The complete question is as follows:
What percentage of your gross salary does the consumer financial bureau suggest?
The proportion of gross income suggested by the Consumer Financial Bureau is not more than 15% or 10% of the earned income.
<h3>What is a gross salary?</h3>
Gross salary is the amount received by an employee before any deductions and income taxes. It is given by the employer of the company in its respective bank account.
According to the Consumer Financial Bureau, the proportion of not exceeding 10% of gross income should be reserved for affording the student loan payments, or not greater than 15% be reserved for monthly debts except rental and mortgage reimbursements.
Therefore, the type of payments will decide the proportion of gross income being allocated in accordance with the Consumer Financial Bureau.
Learn more about the gross salary in the related link:
brainly.com/question/5715627
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