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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.  

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Jeff deposits $3,000 into an account which pays 5 percent interest, compounded annually. At the same time, Kurt deposits $3,000
VashaNatasha [74]

Answer:

Kurt will have a smaller account value than Jeff will

Explanation:

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1

Jeff : $3000 x [(1.05^3 - 1 ) / 0.05] = $9457.50

Kurt :$3000 x [(1.03^3 - 1 ) / 0.03] = $9272.70

Jeff would have a higher account value than Kurt

8 0
3 years ago
Joe Jones has put in place a new set of performance metrics for the Logistics Department at his firm. He is convinced that these
AnnZ [28]

Answer:

Motivating objective              

Explanation:

In simple words, motivating refers to encouraging others to perform a job or task efficiently. It is generally performed by the executive level of employees in the organisation. It is done by teaching others about the incentives and perks they will get by performing the job or by fearing them with punishment. Motivations can be seen as a behavioral charge in an individual to give their hundred percent while performing the assigned task.

4 0
3 years ago
The partners in the biz partnership have agreed that partner mandy may sell her $100,000 equity in the partnership to brittney,
Ivahew [28]

Answer:

Mandy Capital                     A/c   Dr.  $100,000

Brittney Capital                  A/c    Cr.                     $100,000

Explanation:

Mandy selling $100,000 shares of assets, so we will report the transaction on the sale of stock by the amount of equity sold. Now, all parties will negotiate the price that one can sell to another for this equity valuation, which would be $85,000 in this case.

3 0
3 years ago
Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change
shtirl [24]

John Kotter’s theory for leading can help business staffs to improve their performance especially in completing assignments and improving teamwork.  His theory centers on eight steps:

1.       Creating urgency to spur change.

2.       Forming a powerful coalition from people of diverse talents.

3.       Make a vision of change that would inspire and rally your group.

4.       Communicate that vision so that all of you understand what needs to be done.

5.       Remove obstacles that would impede your goals.

6.       Create short-term wins that would help in the short run but will contribute in the long run.

7.       Build on change while the momentum is there.

8.       Anchor that change as a model for others to follow.

4 0
3 years ago
Your newest coworker is not as productive as other members of your team. You and your coworkers have to work harder to make up f
BaLLatris [955]

Answer:

The correct answer would be option C.

Explanation:

If there is a new co worker hired in my office, and its her beginning days, and I, along with other team members see that she is not as productive as other members of the team are, and we all have to work more and harder to make up for her work. So i would preferably give her advice and tips for how to get things done correctly and efficiently. I would not like to get her out of the office, rather i will try to make her understand the things as soon as possible and give her tips to increase her work efficiency. But if the problem continues, and I believe that she will not be able to cope up with us, then i will talk to the supervisor and suggest him that she might not be the best role for us. But i will go with option C.

6 0
3 years ago
Read 2 more answers
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