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3 years ago

What is the opportunity cost in this scenario?

1 answer:

8 0

An opportunity cost is defined as the loss of a potential gain from going with another alternative. The opportunity costs in this situation are everything that Harry gave up, to see his parents. Although he gained the dinner with his parents that ha hadn't seen in awhile, he gave up a lot of other options on how he spent his weekend.

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Why does the government allow monopolies

romanna [79]

Answer:

Monopolies are not allowed. They are illegal because they stunt competition in the market. The United States government does not allow it.

3 0

4 years ago

If a government wishes to fix the value of a currency below its equilibrium value in the foreign exchange market, what should it

o-na [289]

Answer:

DEMAND AND SUPPLY SHIFTS IN FOREIGN EXCHANGE MARKETS

5 0

4 years ago

Ula purchased stock in Purple, Inc., six years ago for $150,000. Purple has assets with a value of $225,000 ($175,000 basis) and

elena55 [62]

Answer:

$15,000 gain

Explanation:

Assets with a value of $225,000

Remaining asset (cash) to Ula ($25,000)

Purple liabilities ($60,000)

Balance $140,000

Balance Brought forward $140,000

Remaining asset (cash) to Ula $25,000

Ula purchased stock ($150,000)

Balance $15,000 gain

$225,000-$25,000-$60,000=$140,000+$25,000-$150,000=$15,000 gain

Therefore we have $15,000 gain.

3 0

3 years ago

Peter Watson is thinking about launching a small business consulting company. To get advice on how to proceed, he stopped by hi

Feliz [49]

Answer:

business plan

Explanation:

A business plan is a written overview of the future of your business, showing you what to do and how to do it.
When you write a section explaining your business strategy on the back of the envelope, you have written a plan or at least somebody's gem.
Business plans are inherently strategic.

so correct answer is business plan

4 0

4 years ago

Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard b

Advocard [28]

Answer:

Ferrier Chemical Company

Allocation of the joint cost, using weight as the allocation base:

For B7 = $140,000 ($600,000*35,000/150,000)

For K6 = $300,000 ($600,000*75,000/150,000)

ForX9 = $160,000 ($600,000*40,000/150,000)

Allocation of the join cost, using market value:

For B7 = $78,750 ($600,000*$210,000/$1,600,000)

For K6 = $281,250 ($600,000*$750,000/$1,600,000)

For X9 = $240,000 ($600,000*$640,000/$1,600,000)

Explanation:

a) Data and Calculations:

Joint cost of a standard batch = $600,000

B7 K6 X9 Total

Pounds generated 35,000 75,000 40,000 150,000

Sales price per pound $6 $10 $16

Market value $210,000 $750,000 $640,000 $1,600,000

Allocation of the joint cost, using weight as the allocation base:

For B7 = $140,000 ($600,000*35,000/150,000)

For K6 = $300,000 ($600,000*75,000/150,000)

ForX9 = $160,000 ($600,000*40,000/150,000)

Allocation of the join cost, using market value:

For B7 = $78,750 ($600,000*$210,000/$1,600,000)

For K6 = $281,250 ($600,000*$750,000/$1,600,000)

For X9 = $240,000 ($600,000*$640,000/$1,600,000)

b) The market value for each product class is a function of the quantity produced multiplied by the sales price per unit.

4 0

4 years ago