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
koban [17]
3 years ago
13

What was the opportunity cost in a situation in which you use your available cash to buy gas for your car and then stay hungry t

he rest of the way home?
Business
1 answer:
Elodia [21]3 years ago
4 0

Answer:

see below

Explanation:

Opportunity cost is the sacrificed benefit by choosing a preferred option over others. The value of opportunity cost is the foregone benefit from the best alternative.

In this situation, the person had to choose between buying gas for the car or using that money to purchase food. Since the person opted to buy gas, they sacrificed having a meal for the rest of the day.  The pleasure derived from eating is the opportunity cost for this person.  

You might be interested in
Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect
Ann [662]

god help you with this homework

8 0
2 years ago
Determine whether each policy below is good or bad cash management; then identify the cash management strategy violated or follo
sertanlavr [38]

Answer: Please refer to Explanation.

Explanation:

a. The company regularly follows up with customers who pay late.

This is GOOD.

Cash Management Strategy - Collection of Accounts Receivables on time to maintain cash balance.

b. Excess cash is put into short-term investments to earn extra income.

This is GOOD.

Cash Management Strategy - Earning extra income on idle cash by investing in short-term liquid investments.

c. Cash receipts and cash payments are regularly planned and reviewed.

This is GOOD.

Cash Management Strategy - Cash Planning to establish a correct balance between payments and receipts.

d. Rarely used equipment is rented rather than purchased.

This is GOOD

Cash Management Strategy - Saving money by spending economically only when needed.

e. Bills are paid as soon as they are received.

This is BAD

Cash Management Strategy - Paying bills when due to ensure that operating cash balance is maintained at a healthy level.

If you need any clarification do comment.

Cheers.

6 0
3 years ago
What are objectives of human resource department​
Fantom [35]

Answer:

Objectives of HRM include ensuring availability of resources, easy access to data, on-time payroll, ensuring compliances, etc. HRM objectives are basically influenced by organisational goals and vertical. Objective of HRM is to ensure a stable work environment with data at one place and efficient operations.

4 0
3 years ago
At the beginning of a recent year, JetBlue's assets were $7,071 million and its equity was $1,757 million. During the year, asse
STALIN [3.7K]

Answer:

JetBlue's equity at the end of the year was $1,888 million

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Equity

At the beginning of a recent year, JetBlue's liabilities = Total asset - Equity = $7,071 - $1,757 = $5,314 million.

During the year, assets decreased by $1 million and liabilities decreased by $132 million.

At the end of the year:

JetBlue's assets = $7,071 - $1 = $7,070 million

JetBlue's liabilities = $5,314 - $132 = $5,182 million

JetBlue's equity = JetBlue's assets - JetBlue's liabilities = $7,070 - $5,182 = $1,888 million

7 0
3 years ago
The waxy substance that helps plants retain water is called _____. cuticle stomata anther epigynous
Nikitich [7]
The correct answer is "cuticle." The waxy substance that helps plants retain water is called cuticle. A cuticle is the protecting film covering. It consists of lipid and hydrocarbon polymers that is impregnated with wax. It is synthesize by the epidermal cells.
7 0
3 years ago
Read 2 more answers
Other questions:
  • Max purchased an antique watch from a local store for $500. As soon as Max stepped outside the shop with the watch, a man approa
    6·1 answer
  • What is demand? (Select the best answer.) The amount of something available to consumers The amount of something consumers want
    6·2 answers
  • Which of the following is not a major determinant of the price elasticity of demand? A. availability of close substitutes B. pro
    11·1 answer
  • On an afternoon that a class meets, you could alternatively study for an exam that will take place in another class the next mor
    8·1 answer
  • There is an inverse relationship between bonds' quality ratings and their required rates of return. Thus, the required return is
    15·1 answer
  • The relationship between the task environment and the general environment is best described as:
    11·1 answer
  • Prepare calculations for the following, and explain your computations: Variable cost: The unit rate is $0.25, and the actual hou
    8·1 answer
  • After you have all of the information, decide which financial institution is best for you. Write your answer in the text box bel
    13·1 answer
  • What are some things you want money can buy
    13·1 answer
  • Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!