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ioda
2 years ago
9

Suppose your school is considering whether to spend $20 million building a new state- of-the-art recreation facility. All of the

students agree that the existing facility is in disrepair and that a new facility would be much nicer. Despite this, however, when students are asked to vote on whether they would like the school to build the new recreation facility, over 78% vote no. Why might such a large fraction of students vote no even though they all agree that a new recreation facility would be much nicer than the existing one?
Business
1 answer:
tigry1 [53]2 years ago
5 0

Based on economic theory, a large number of students would be voting no due to the fact that they would prefer that the amount was spent in a different way.

<h3>What is the theory of opportunity cost?</h3>

This is the theory that states that a person would have to forgo benefits that they would have enjoyed from an option given that they chose another option.

Most of these students voted no due to the fact that they have considered a different option that the money could have been spent on.

Read more on opportunity cost here:

brainly.com/question/481029

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Suppose that Steve, one of the partners in a home improvement company, intends to dissolve the partnership. Before he can give n
bija089 [108]

Answer:

still be liable for Hala's contract.

Explanation:

Any contract entered into by any of the partners, before the dissolution of a partnership business is deemed legal hence binding on the partners. This means that the partners will still be liable for the new contract in line with their partnership status.

Although, before a partnership business can be dissolved, at least one of partners must give a notice of intent. If in the process of giving the notice, another member enters in a new contract, such will be valid and partners will still be held liable because the business has still not been dissolved in the eye of the law.

Any contract entered into by any partner in a partnership business aftet dissution becomes illegal hence not binding on other members.

6 0
3 years ago
Michaels plumbing purchased a used van for $3,250. the company made a down payment of $450 and agrees to 24 payments of $150 per
PolarNik [594]
<span> <span>Finance charge can be defined as the amount charged by a creditor to a debtor as borrowing fees or by a seller to a buyer for allowing the buyer to extend the payment period for a certain good/service. In this case, the original price of the car was $3,250. But since Michael's Plumbing was not able to pay the full amount at once, they made a down payment of $450 and later 24 equal installments of $150. In total, the amount paid will be (450+(150*24))= $4,050. The finance charge is what they will pay over and above the initial cash price. This is arrived at by getting the difference as follows $4,050-$3,250= $800</span></span>
7 0
3 years ago
A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9, 20
poizon [28]

Answer:

The transaction recorded are shown in the below table.

Explanation:

According to the scenario, the following transaction according to the perpetual system can be recorded as follows :

Date                        Particulars                    Debit                    Credit

Feb.9                   Purchase Inventory              $54,000

                            Accounts payable                                            $54,000

Mar.7                   Accounts Receivable            $74,000

                            Sales inventory                                                    $74,000

Mar.7                    Cost of goods sold                    $54,000

                            Inventory                                                              $54,000

6 0
3 years ago
In 1993, when Fischer began his tenure at Kodak, the film industry was evolving from one type of change which was slow to anothe
Pavel [41]

Answer:

<u><em>Radical change</em></u>

Explanation:

A distinguishing feature of radical change is that it is rapid in terms of ground breaking breakthrough innovations.

Thus, In 1993 the film industry was experiencing breakthrough innovations such as the release of the blockbuster movie "Jurassic park" which introduced high-tech special effects in the film industry.

5 0
3 years ago
Calculations of cost and benefit are always which of the following?
alexandr402 [8]

Answer:

D.

Explanation:

It’s subjective.

I think it’s subjective because it’s about the benefit of the calculations of a cost.

6 0
2 years ago
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