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Vinil7 [7]
3 years ago
12

Michelle just graduated from high school and is considering attending college. She estimates that college tuition and books will

cost approximately $4,767 per semester. Alternatively, if Michelle doesn't go to college, she could earn $8 per hour working as a store clerk. Add implicit and explicit costs to determine Michelle's total economic cost of attending college during one semester. Assume a semester has 1,000 work hours. What is Michelle's total economic cost of attending college during one semester (round your response to the nearest dollar)?
Business
1 answer:
vovangra [49]3 years ago
7 0

Answer:

$12,767

Explanation:

The explicit costs of Michelle attending college is given as $4,767

The implicit costs of Michelle attending college is the opportunity cost of not working as a store clerk which means that money cannot be earned and will more or less be wasted because she is going to college: That cost is given as $8 * 1000 hours which is $8000 per semester.

Michelle's total economic cost of attending college during one semester is $12,767.

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Bramble, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $6,600 from sales $200
Advocard [28]

Answer and Explanation:

The preparation of the analysis is shown below:

Particulars   Continue Eliminate       Net Income (Decrease)

Sales          $200,000        $0          -$200,000

Less: Variable Costs $176,000 $0         -$176,000

Contribution margin $24,000 $0          -$24,000

Fixed Costs $30,600           $20,600   $10,000

Net Income/Loss -$6,600   -$20,600   -$14,000

As we can see that in both the cases whether eliminate or continue the amounts comes in negative but in continue there is a less amount of loss as compared to eliminated one

Therefore, in this case, the big Bart line could be continued

8 0
3 years ago
1. Legal Reasoning Fact Scenario V:
Ray Of Light [21]

The given case involves c. both a state and a federal discrimination claim.

<h3>What is a Discrimination Claim?</h3>

This refers to the allegations that are leveled by an employee against his employer about job discrimination based on factors such as immigration status, national origin, etc.

Hence, we can see that in a discrimination claim, if the laws are the same, then a judge can make a decision and apply it to both federal and state claims.

With this in mind, we can see that because Rapunzel who lives in Massachusetts files a discrimination claim against her employer, this is both a federal and state claim because it happened in Massachusetts and she had exhausted her administrative remedies.

This leads to the consideration of the courts to file her claim as this can be arrived at based on the question of A. whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.

Read more about discrimination claims here:

brainly.com/question/5987026

4 0
2 years ago
Onofkp411 Corporation has a time contraint on one of its special machines. The company makes three products that use this machin
marta [7]

Answer: $7.20 per minute

Explanation:

Find out the profitability of each product as Contribution Margin per minute.

Magnifico

Contribution margin per minute = (Selling price - Variable cost) / minutes on the constraint

= (335.18 - 259.26) / 7.5

= $10.12 per minute

Bellissimo

= (228.46 - 173.08) / 4.3

= $12.88 per minute

Lovely

= (199.21 - 159.61) / 5.5

= $7.20 per minute

Their least profitable product is $7.20 per minute.

The machine does not have sufficient time to satisfy the needs of Lovely so they will have to pay more to acquire more of the resource but they should not pay anything more than $7.20 per minute as this is their contribution margin for the product. and anything more would result in a loss.

<em>Options are most probably for another variant of the question. </em>

6 0
3 years ago
The Boot Department at the Omaha Department Store is being considered for closure. The following information relates to boot act
kykrilka [37]

Answer:

Yes, Omaha department store would be better off by $23000.

Explanation:

Given: Sales revenue= $350000.

           Cost of goods sold= $280000.

           Sales commission= $30000.

           Fixed operating cost= $90000.

Now, computing net profit or (loss)

Net profit/loss= \textrm{sales revenue - cost of goods sold- sales\ commission - Avoidable fixed\ operating\ costs}

∴ Net profit/loss= 350000-280000-30000-(90000\times 70\%)

⇒ Net profit/loss= 40000-(63000)= (\$ 23000)

∴ Net loss= \$ 23000

∴ Yes boot department should be closed, as Omaha department store is better off by $23000.

7 0
3 years ago
A formula is a math equation used in a spreadsheet....... true or false
lisabon 2012 [21]
True, you can use a formula in Excel spreadsheet!
6 0
4 years ago
Read 2 more answers
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