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creativ13 [48]
2 years ago
10

You paid $35 for a ticket (which is non-refundable) to see SPAM, a local rock band, in concert on Saturday. Assume that $35 is t

he most you would have been willing to pay for a ticket. Your boss called, and she is looking for someone to cover a shift on Saturday at the same time as the concert. You would have to work 4 hours and she would pay you $11/hr. The psychic cost to you of working is $2/hr. What is the opportunity cost of going to the concert?
Business
1 answer:
Alex73 [517]2 years ago
7 0

Answer:

$36

Explanation:

The Opportunity cost refers to the benefit that is sacrificed by choosing some other alternative.

Therefore, the opportunity cost of going to the concert is the loss of money income that he would earned otherwise.

Benefit received from the concert = $35

Hence,

The amount of sacrificed wages is as follows:

= Income form working on Saturday - Psychic cost

= (4 hours × $11/hr) - (4 hours × $2/hr)

= $44 per hour - $8 per hour

= $36

The opportunity cost of going to the concert is $36.

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A company uses the FIFO method for inventory costing. At the start of the period the production department had 20,000 units in b
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Answer:

equivalent cost per unit for labor: $4.1982

Explanation:

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previous work on beginning (8,000) //  20,000 x 40%

Equivalent units                   173,500

labor cost added during the period 726,825

equivalent cost 726,825/173,500 = 4.198193084

equivalent cost per unit for labor: $4.1982

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2 years ago
In 2019, if Lisa Monroe decides that the market uncertainty for Seymour Semiconductors has reduced considerably while the high t
faust18 [17]

The correct answer is C) grow.

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That is why Lisa Monroe, as the new CEO of the company, wants some innovative changes for the company to adapt to modern times, different consumers' necessities, and the fierce competition of other companies in the industry.

She made the decision to change the strategical approach of  Seymour Semiconductors. She has decided to lay off 1,000 employees. She has opted to hire temporary workers. With those decisions, she considers that the company will be able to grow again.

8 0
2 years ago
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The Clipper Corporation had net operating income of $380,000 and average operating assets of $2,000,000. The corporation require
elixir [45]

Answer:

Company's return on investment (ROI) = Net operating income / Average operating assets

Company's return on investment (ROI) = 380000/2000000

Company's return on investment (ROI) = 19%

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Residual income = 380000 - 18%*2000000

Residual income = $20,000

ROI of new investment = Net operating income/Investment  

ROI of new investment = 12950/70000

ROI of new investment = 18.50%

ROI of overall company if investment taken place = Total net operating income/ Total average operating assets

ROI of overall company if investment taken place = (380000+12950) / (2000000+70000)

ROI of overall company if investment taken place = 18.98%.

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If a baker notifies you that he will not deliver the bread for your restaurant. You must try to find bread even if it costs more
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Answer:

true

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2 years ago
Samir, the new CEO of Cloud Marketing, has been with the firm for over 25 years. He was picked by the board to turn the 85-year-
artcher [175]

Answer:

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