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Dafna11 [192]
3 years ago
5

In your own words, explain what opportunity cost is? Did you know about this concept? Give an example.

Business
1 answer:
Lyrx [107]3 years ago
8 0

Answer:

A student spends three hours and $20 at the movies the night before an exam. The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment).

Explanation:

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In the athletic shoe market, reebok and nike practice __________ positioning since both manufacturers vie for the same customers
andrezito [222]

Product positioning.

Product positioning is the place a product occupies in consumers' minds based on important attributes relative to competitive products

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3 years ago
The most important social skill in the workplace is _____.
Oksi-84 [34.3K]
<span>The most important social skill in the workplace is having a positive attitude.
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Additional information:
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3 0
3 years ago
Refer to the following table:The net incomeor loss for the year wasa) 7,700b) 12,800c) 5,900d) 15,100Following is a random list
Katen [24]

Option D , 15,100

Solution:

The formula for net income is calculated through total expenditures subtracted from total revenues.

Net Income = Service Revenue - Salary Expense - Repairs Expense - Supplies Expense - Gasoline expense

                     = $22,800-$4,500-$800-$1,600-$800

                     = $15,100

Net Income = $15,100

3 0
3 years ago
Ivanhoe Sports Authority purchased inventory costing $ 26 comma 000 by signing a 6​%, ​six-month, short-term note payable. The p
anyanavicka [17]

Answer:

Explanation:

The journal entries are shown below:

a. Inventory A/c Dr $26,000

       To Notes payable A/c $26,000

(Being inventory is purchased for signing the short term notes payable)

b. Interest expense A/c Dr $780

  Notes payable A/c Dr $26,000

               To Cash A/c $                       $26,780

(Being cash is paid on maturity)

The interest expense is computed below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)

= $26,000 × 6% × (6 months ÷ 12 months)

= $780

The 6 months is calculated from March 1 to September 1

8 0
3 years ago
Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for he
Nuetrik [128]

Answer:

$30.1

Explanation:

Adjusted basis refers to the net value of an asset after considering depreciation and capital investments. It is the net value of an asset.

Adjusted taxable income is the income after adjusting for depreciation and interest.

For a sole proprietorship, the income of the business is the same as owners' income.  

For Renee, adjusted taxable income will be,

Total revenue= $85M

Net expenses equal to total revenue minus depreciation minus interest paid

=$78.1, - $10.1 - $12.7

=$54.9

Adjusted taxable income= Total revenue - net expenses

= $85 - $54.9

=$30.1

5 0
4 years ago
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