All categories

3 years ago

3

1 answer:

7 0

None of the options shows an alternative Tina has, a real alternative would be a credit card and cash ($190)

In economics, an alternative is an element that replaces or substitutes another. For an element to be considered an alternative it needs:

To belong to the same category or have the same function.
To be possible for the user to replace the first element using the alternative.

Based on this, let's analyze each of the options:

Jacket and $100: These are not alternatives because Tina wants a jacket and this product cannot be replaced with money as money will not protect Tina from cold weather.

Shoes and a jacket: These are not alternatives because Tina wants the two products not only one.

Credit card and $100: These would be alternatives if the total cost was $100. However, using a credit card Tina can pay for both products but using $100 she can only pay for one of the products.

Therefore, the options do not present alternatives; but one valid alternative is a credit card and $190.

Learn more in

You might be interested in

Riggins, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the

jenyasd209 [6]

Answer:

Riggins, Inc.

a. Material price variance

= $450 F

b. Material quantity variance

= $750 U

c. Labor price variance

= $550 U

d. Labor quantity variance

= $7,000 F

Explanation:

a) Data and Calculations:

Selling price of tybo per unit = $8

Estimated production units in March = 9,500

Standard material and labor costs:

Particulars Standard Standard Standard

quantity price per unit

Direct materials 2.5 pounds $3 per pound $7.50

Direct labor 0.6 hours $10 per hour $6.00

Actual production units in March = 9,000

Actual materials and labor costs:

Actual results:

Purchase of materials, 24,000 pounds = $66,000

Production usage = 24,000 pounds

Total labor hours = 5,000

Total wage cost = $55,000

Particulars Actual Actual Actual Cost

quantity price per unit

Direct materials 2.67 pounds $2.79 per pound $7.45

Direct labor 0.555 hours $11 per hour $6.11

Material price variance = (Standard price - Actual price) * Actual quantity

= ($7.50 - $7.45) * 9,000

= $450 F

Material quantity variance = (Standard Qty - Actual Qty) * Standard Price

= (23,750 - 24,000) * $3

= $750 U

Labor price variance = (Standard price - Actual price) * Actual hours

= ($6.00 - $6.11) * 5,000

= $550 U

Labor quantity variance = (Standard Qty - Actual Qty) * Standard Price

= (5,700 - 5,000) * $10

= 700 * $10

= $7,000 F

5 0

3 years ago

sherry is paid 16.50 during regular hours and 24.75 per hour overtime.she worked 80 hours regular time and 10 hours overtime. ca

White raven [17]

Explanation:
$1320 for regular hours
$247.50 for over time

Answer:$1567.5 total earnings

4 0

3 years ago

What is the most significant difference between leaders and assembly line workers in regard affecting the behavior of others?

Gala2k [10]

The most significant difference between leaders and assembly line workers is the "Power".
The formal leaders have a formal power within the framework or system of an organization where they can influence others to work in the interests of the specific organization as opposed to assembly line workers, they lack this.

3 0

4 years ago

The need for strategy to fit a firm's environment and how this creates value

Ierofanga [76]

Buy plants and give life to you self

4 0

3 years ago

g after examining the various personal loan rates available to you, you find that you can borrow funds from a finance company a

IceJOKER [234]

question text WITH missing information:

After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at an APR of 12 percent compounded monthly or from a bank at an APR of 13 percent compounded annually. Which alternative is more attractive?

If you borrow $100 from a finance company at an APR of 9% percent compounded for year, how much do you need to payoff the loan?

Answer:

The finance company option is better as we are taking the loan we want the lower rate possible.

We need $109 to payoff the loan of $100 at 9% annualy after a whole year.

Explanation:

We solve for the effective rate of 12% compounded monthly

$(1+\frac{0.12}{12} )^{12}$ = 1.12682503 = 0.126825 = 12.6825%

As this rate is lower than 13% this option is better

If we take 100 dollars after a year we have to pay:

$100 x (1 + r) = 100 x (1 + 0.09) = 100 x 1.09 = $109

5 0

3 years ago