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
Alex787 [66]
3 years ago
7

Michael is a college student. he can either buy a textbook for $100 or save up for a road trip he wants to take during the summe

r. this illustrates the principle that
Business
1 answer:
Phantasy [73]3 years ago
8 0
<span>Michael is in a dilemma whether to choose to buy a necessary textbook for $100 or take the road trip he wanted to take during summer, this principle illustrates that people face trade-offs. The both activities are competent and he have to find the balance in his thoughts and act on it which would be more of a compromise in this situation.</span>
You might be interested in
Zohrina is a top manager at her current company. However, she is leaving the company for a better job at a competing firm. Which
alexgriva [62]

Answer:

Voluntary Turnover

Explanation:

The kind of turnover that is represented in this scenario is <u>voluntary turnover</u>. Voluntary turnover is a kind of turnover that transpires when employees freely want to leave their jobs. Employees might want to depart their works for an assortment of purposes. They may feel disappointed with their job or their payment either they may be exploring a profession change rather they may have acquired different offers.

8 0
3 years ago
When manufacturing overhead costs are assigned to production in a process cost system, it means that
Colt1911 [192]

Answer:

<em>When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.</em>

Explanation:

When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.

Absorption costing system is that where units of products and inventories are valued using full cost. Full cost implies that each product would be charged for an amount of the<em> fixed production overhead </em>in addition to the variable cost.

The fixed overhead is charged using a predetermined overhead absorption rate.

8 0
3 years ago
What should be the price of a stock with a beta of 0.7 that just paid a dividend of $1.25 that is expected to grow at 4% if the
Montano1993 [528]

Answer: $32.05

Explanation:

Beta = 0.7

Dividend = $1.25

Growth rate = 4%

Risk free rate = 3%

Market return = 10%

Since, Required return = risk free rate + beta × (market rate - risk free rate)

We will then slot in the values and.this will be:

= 3% + 0.7 × (10% - 3%)

= 3% + (0.7 × 7%)

= 3% + 4.9%

=7.9%

The price of the stock will then be:

= D1/(Required return-Growth rate)

=1.25 / (0.079 - 0.04)

= 1.25 / 0.039

= $32.05

4 0
3 years ago
On July 1 of last year, total employees at company E was decreased by 10 percent. Without any change in the salaries of the rema
babymother [125]

Answer:

The total of the combined salaries of all the employees at Company E after July 1 last year was 110% of that before July 1 last year.

Explanation:

If we use numbers, as example, we can get that:

Before July 1st Company E' s employes had in average salary of $100.000 (example).  

If, after the decreased of employees, average salary was 10% percent more, that means that:

  • $100.000 x 10%= <u>$10.000 </u>

So, total of combined salaries after decreased was

  • $100.000+$10.000= $110.000

$110.000 is the 110% of the average salary before decreased because:

  • <u>$110.000/100.000 = 110%</u>
5 0
3 years ago
Why is scarcity a fundamental problem in economics
KATRIN_1 [288]

Answer:

Scarcity or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants.

Explanation:

Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.

8 0
2 years ago
Other questions:
  • True or False: The State of Florida will revoke your license if you are found guilty of committing a felony for drug possession.
    5·2 answers
  • A firm is planning on paying its first dividend of $2 three years from today. After that, dividends are expected to grow at 6% p
    12·1 answer
  • Judd owns a struggling farm that is not making a lot of money. He wonders if he is doing something wrong and brings in an expert
    5·2 answers
  • Drawing tree diagrams. After taking a course on statistics, 88% of students can successfully construct tree diagrams. Of those w
    9·1 answer
  • Carla and Ben have been married for 50 years. During that time, Carla stayed home raising their children and maintaining their h
    9·1 answer
  • ___________ states that if there is no specific employment contract saying otherwise, the employer or employee may end an employ
    12·1 answer
  • A portfolio manager at an investment firm is responsible for handling the account of a particular corporate client. The client w
    10·1 answer
  • University Car Wash built a deluxe car wash across the street from campus. The new machines cost $234,000 including installation
    7·1 answer
  • Seven sources of waste use resources that do not add value to the product or service. Which activity represents waste: Select on
    8·1 answer
  • Suppose Hubert and Kate are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!