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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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3 years ago
Neil and Zack are working on a project that requires both research and presentation. Neil is better at research, so he gives the
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3 years ago
Read 2 more answers
Sheridan Company has the following inventory data: July 1 Beginning inventory 36 units at $19 $684 7 Purchases 126 units at $20
Alexeev081 [22]

Answer:

$2436

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

total goods sold = (total inventory purchased + beginning inventory) - 60

(36 + 126 + 18) - 60

180 - 60

= 120

the 120 units sold would be taken from the inventory purchased on the 22nd and 7

(18 x 22) + [(120 - 18) x 20]

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7 0
3 years ago
During the year, a company recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liabili
bonufazy [111]

Answer:

(1) accrue salaries expense

Debit [e.] Salaries Expense

Credit [g.] Salaries Payable  

--------------------

(2) adjust the Unearned Services Revenue account to recognize earned revenue

Debit [a.] Unearned Services Revenue  

Credit [f.] Services Revenue  

--------------------

(3) record services revenue for which cash will be received the following period.  

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3 0
3 years ago
Sales of hot dogs at the corner of 24th and Lex. follow the following patterns: 40% of the days, 80 are sold; 50% of the days, 9
Korvikt [17]

Answer: 90%

Explanation:

Cycle Service Level refers to the expected probability by which a manufacturer meets the demand for a particular product and is not being stockout.

In this case,

40% of the days, 80 are sold;

50% of the days, 90 are sold

10% of the days; 100 are sold.

Since the vendor plans to stock 90 each day, then the vendor will meet demand during 40% of the days, when 80 are sold; and during 50% of the days, when 90 are sold.

Therefore, the expected CSL is the vendor targeting will be:

= 40% + 50%

= 90%

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3 years ago
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