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Ira Lisetskai [31]
1 year ago
13

Mainstream economic theorizing sees work as a lousy activity that workers tolerate in order to earn income. One way that work is

seen as lousy is as a pain cost (e.g., hot, dangerous, boring, stressful). A second way is as an _________ cost.
Business
1 answer:
Mice21 [21]1 year ago
6 0

Answer:

the correct answer is "opportunity cost".

the opportunity cost here means the cost of the next best opportunity lost because of spending time at work, this could be 8 hours, 10 hours at work, etc.

the underline point here is that when someone works for, lets say, 8 hours, he or she could have done something else that they enjoy and brings value to them and their family.

but since they are working, they can not engage in that activity. because of this, we call it the opportunity cost! simple right?

Explanation:

You might be interested in
Lana owns a house worth $325,000 and has a mortgage of $245,000. She owns a guitar worth $750. She also owns a car worth $15,000
diamong [38]

Answer:

$96,850

Explanation:

The net worth refers to the value of all the assets owned by a person or entity minus the value of all the liabilities. In Lana's case the assets are:

House $325,000

Guitar $750

Car $15,000

Stock investments $8,000

Savings Account $2,100

Total value of assets: $350,850

Lana's Liabilities:

Mortgage $245,000

Car loans $9,000

Total value of liabilities: $254,000

So, Lana's net worth would be:

$350,850-$254,000= $96,850

8 0
1 year ago
Read 2 more answers
Suppose you are running a carnival. You are selling hamburgers and sodas. A hamburger is $1.75 and a soda is .75. You expect to
Sunny_sXe [5.5K]

Answer:

<em>Hamburgers = 27</em>

<em>Sodas = 93</em>

Explanation:

Let        x = Hamburgers

             y= Sodas

Now form a system of equation aX + bY = C

where

a= 1.75 = coefficient of variable X

b= 0.75 = coefficient of variable Y

C= 117.50

Put these values in above equation

           1.75x + 0.75y = 117.50 . . . . . (1)

Since I sold total of 120 hamburgers and sodas, we can write

            x + y = 120  . . . . . (2)

or          y = 120 - x          ....... put this value in eq.1

           1.75x + 0.75( 120 - x ) = 117.50

           1.75x + 90 - 0.75x = 117.50

            90 + x = 117.50

             x = 117.50 - 90

             x = 27     .......... put this in equation 2

     

          x + y = 120

          27 + y = 120

          y = 120 - 27

           y = 93

3 0
1 year ago
Isa is head of housekeeping services at the Ashworth Hotel, a luxury hotel and resort. Last week, she received 29 customer compl
Lena [83]

Answer:

c. 67,757 errors per million opportunities

Explanation:

The computation of the errors per million opportunities is shown below:

= Customer complaints last week ÷ total guest stayed in that week × 1,000,000

= 29 customers ÷ 428 guests × 1,000,000

= 67,757 errors per million opportunities

Hence, the correct option is c.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
1 year ago
Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4.1 percent until you retire in 45 years.
grigory [225]

Answer:

If you wait one year, in 45 years you will have $16,624.04 more than investing today.

Explanation:

Giving the following information:

Option 1:

Initial investment= $11,500

Number of years= 45

Interest rate= 4.1%

Option 2:

Initial investment= $11,500

Number of years= 44

Interest rate= 4.7%

To calculate the future value for both options, we need to use the following formula:

FV= PV*(1+i)^n

<u>Option 1:</u>

FV= 11,500*(1.041^45)= $70,142.41

<u>Option 2:</u>

FV= 11,500*(1.047^44)

FV= $86,766.45

If you wait one year, in 45 years you will have $16,624.04 more than investing today.

7 0
2 years ago
Lester Company transferred the following assets to a newly created subsidiary, Mumby Corporation, in exchange for 40,000 shares
sammy [17]

Answer:

Lester Company

The accumulated depreciation amounts for buildings $35,000 and for equipment $60,000 were obtained as the differences between the costs and the book values of the assets.  The cost of a long-term asset is usually reduced to its book value by the total amount in the accumulated depreciation account.  The accumulated depreciation account shows the progressive amounts set aside annually as a write-off of the asset, showing its use over the period in accordance with the accrual concept and matching principle.  The accrual concept and matching principle require cost to be matched to the revenue it helps to generate.

Explanation:

Transferred Assets:

                                      Cost        Book Value   Difference  Explanation

Cash                            $40,000     $40,000        $0

Accounts Receivable   75,000        68,000        $7,000 (doubtful accounts)

Inventory                      50,000        50,000        $0

Land                             35,000        35,000         $0

Buildings                    160,000       125,000         $35,000 (depreciation)

Equipment                240,000       180,000        $60,000 (depreciation)

5 0
1 year ago
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