Explain the term opportunity cost

Answers

Answer 1

Answer:

the loss of potential gain from other alternatives when one alternative is chosen.

"idle cash balances represent an opportunity cost in terms of lost interest"

Explanation:


Related Questions

DaaS is utilized for provisioning critical data on demand.

Answers

The is true dad is utilized for provision critical data

Splash World Pool Supplies wants its salespeople to call on pool wholesalers five times per year and to spend two hours on each sales call. Every salesperson works a 40-hour week and takes off two weeks for vacation each year. A salesperson must spend half of the time on travel and administration. Approximately how many salespeople does Splash World need to service 1,000 accounts

Answers

Approximately how many salespeople does Splash World need to service 1,000 accounts is 10.

First step is to calculate the selling time  using this formula

Selling time=Number of customers ×Sales calls per year× Hours per sales call

Let plug in the formula

Selling time=1000 × 5 ×2 hours

Selling time= 10,000 hours

Second step is to determine the number of hours they used to sell

Hours to sell= (40 hours per week× 50 weeks)×1/2

Hours to sell = 2000 hours per year×1/2

Hours to sell= 1000 hours per year

Third step is to determine how many salespeople does Splash World need to service 1000 accounts

Number of salespeople=10,000 hours /1000 hours per year

Number of salespeople=10

Inconclusion approximately how many salespeople does Splash World need to service 1,000 accounts is 10.

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1. Describe the various advantages that firms such as Tata employ to become large industrial conglomerates.

Answers

Answer:

Company

Explanation:

Baker Corp. pays a constant $1.8 dividend on its stock. The company will maintain this dividend for the next 15 years and will then cease paying dividends forever. If the required return on this stock is 5 percent, what would the current share price be

Answers

Answer:

1.8 divided by 15 easy

Explanation:

0. somthing

The process of exchange of goods or services from sellers to buyers is referred to as:
A supply B. market C demand D. production​

Answers

Answer:

Marketing

Explanation:

Hope this helps!

a wifi router has a mtbf of 10 months. What is the availability if the mttr is 12 hours and the number of days in a month is 30 ?

Answers

Answer:

40

Explanation:

Answer:

MTBF = 30 days = 30 * 24 = 720 hour. MTTR = 12 hour. i.e. A = 720 / (720 + 12) = 0.9836 = 98.36%

Bada bing, Bada

When reporting inventory using the lower of cost or market method, market should not be more than: Multiple Choice Replacement cost. Net realizable value. Selling price. Net realizable value less a normal profit margin.

Answers

Considering the accounting principle, when reporting inventory using the lower cost or market method, the market should not be more than "Net realizable value less a normal profit margin."

This is because the lower cost or market method is a method that emphasizes that during the inventory measurement, inventory should be documented on the balance sheet using their historical price or the market value, that is, the value of the inventory when purchased.

This implies that the replacement cost of inventory cannot be lower than net realizable value, less a normal profit margin.

Hence, in this case, it is concluded that the correct answer is option D. "Net realizable value less a normal profit margin."

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Serena and Venus are sisters. Venus sold stock to Serena for $5,000, its fair market value. The stock cost Venus $10,000 five years ago. Also, Venus sold Carol (an unrelated party) stock for $2,000 that cost $10,000 three years ago. What is Venus' recognized loss before the $3,000 capital loss limitation?

Answers

Based on the information given the Venus' recognized loss before the $3,000 capital loss limitation is $8,000.

Using this formula

Recognized loss=Stock cost-Selling price

Where:

Stock cost=$10,000

Selling price=$2,000

Let plug in the formula

Recognized cost=$10,000-$2,000

Recognized cost=$8,000

Inconclusion the Venus' recognized loss before the $3,000 capital loss limitation is $8,000.

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Lolita’s team meets every Tuesday morning. Lolita always brings doughnuts to these meetings, and she always starts the meeting by asking who’s had a big success that week, which encourages participation. Lolita’s habitual actions were developed during the ____________________ stage of team development.

a. storming
b. preforming
c. forming
d. norming

Answers

Answer:

d. norming

Explanation:

Lolita’s team meets every Tuesday morning. Lolita always brings doughnuts to these meetings, and she always starts the meeting by asking who’s had a big success that week, which encourages participation. Lolita’s habitual actions were developed during the _______norming______ stage of team development.

Answer:

Lolita's habitual actions were developed during the norming stage of team development.

Explanation:

d. norming

A manufacturer paid total factory payroll of $200,000 in cash. The journal entry for this transaction includes a:

Answers

Based on the information given the journal entry for this transaction includes a: Debit Factory Wages Payable $200,000; Credit Cash $200,000.

Based on the given details the we were told that total factory payroll of the amount of $200,000 was paid by cash by the manufacturer.

Hence:

The appropriate journal entry to record this transaction is:

Debit Factory Wages Payable $200,000

Credit Cash $200,000

(To record factory wages payable)

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A retirement account in which investments are not tax-deferred but can be
withdrawn tax-free is called a
A. 401(k)
B. Roth IRA
O C. SEP IRA
O D. traditional IRA

Answers

Answer:

Roth IRA

Explanation:

A Roth IRA is a form of a retirement plan that does not permit assets to grow tax-deferred but permits tax-free withdrawals. Therefore, the correct answer is option b. Roth IRA.

With its tax-free growth and withdrawals, increased flexibility, and potential for higher profits, a Roth IRA is an effective tool for retirement savings. A Roth IRA's tax-free growth and withdrawals are one of its main advantages, which can be a big plus for investors who anticipate being in a higher tax band in retirement.

Investors have more freedom and control over their retirement funds because Roth IRAs do not have mandatory minimum withdrawals. They are free to keep their funds in the account indefinitely.

The fact that Roth IRAs do not have the same income restrictions as standard IRAs is another benefit of them. This makes Roth IRAs an appealing alternative for high-earners who might not be qualified for other types of retirement accounts because investors can contribute to one regardless of their income level.

Therefore, the correct answer is option b. Roth IRA.

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A machine costing $185,000 with a 5-year life and $20,000 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.

Answers

The computation of the depreciation for each of the five years under the Double-declining-balance method is as follows:

Year         Depreciation Expense

Year 1       $74,000 ($185,000 x 40%)

Year 2     $44,400 ($111,000 x 40%)

Year 3    $26,640 ($66,600 x 40%)

Year 4    $15,984 ($39,960 x 40%)

Year 5     $3,976 ($23,976 - $20,000)

Data and Calculations:

Cost of Equipment = $185,000

Residual value = $20,000

Depreciable amount = $165,000 ($185,000 - $20,000)

Estimated useful life = 5 years

Depreciation rate = 40% (100/5 x 2)

Depreciation for the five years:

Year 1 = $74,000 ($185,000 x 40%)

Reduced balance = $111,000 ($185,000 - $74,000)

Year 2 = $44,400 ($111,000 x 40%)

Reduced balance = $66,600 ($111,000 - $44,400)

Year 3 = $26,640 ($66,600 x 40%)

Reduced balance = $39,960 ($66,600 - $26,640)

Year 4 = $15,984 ($39,960 x 40%)

Reduced balance = $23,976 ($39,960 - $15,984)

Year 5 = $3,976 ($23,976 - $20,000)

Thus, the accumulated depreciation at the end of year 5 is $165,000.

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If insurance companies are required to offer coverage to all interested people, it is said that premiums for each person will be increased. Assume that the insurance market is perfectly competitive. What is the major reason for raising the premium

Answers

Answer:

to make sure that your company gets the upper hand and to make more money off of your premium then what the other companies are making

Explanation:

A(n) ________ is a coherent set of interdependent processes and structures that dictates how the company searches for novel problems and solutions, synthesizes ideas into a business concept and product designs, and selects which projects get funded. innovation system organizational development human resource inventory organizational behavior

Answers

Based on business analysis, an innovation system is a coherent set of interdependent processes and structures that dictates how the company searches for novel problems and solutions.

Innovative systems generally synthesize ideas into a business concept and product designs and select which projects get funded.

Innovation system usually involves significant components such as the following:

Information, TechnologyPeople, Enterprises, Institutions

Innovation system. Generally used to facilitate and assist innovation to the success stage.

Hence, in this case, it is concluded that the correct answer is "innovation systems."

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A __________ refers to a communication structure in which team members freely communicate with one another and arrive at decisions together.


✔ a. decentralized network

b. centralized network

c. circular network

d. linear network

e. gossip structure

Answers

Answer : circular network

Bramble University sells 3,500 season basketball tickets at $80 each for its 10-game home schedule. Bramble considers revenue to be earned proportionately as each game is played, regardless of how many ticket-holders attend the game. For the journal entries below, use the following account abbreviations: REV

Answers

If Bramble earned proportionately as each game is played, the appropriate journal entry are:

Based on the information given if the university sells 3,500 season basketball tickets at $80 each game, the appropriate journal entry to record the transaction is:

Bramble University journal entry

Debit Cash $280,000

Credit Unearned ticket revenue $280,000

(3,500 x $80 =$280,000)

(To record sales of ticket)

Debit Unearned ticket revenue $28,000

Credit Ticket revenue $28,000

(3,500 x $80)/10=$28,000)

(To record revenue recognized)

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PLEASAE HELP ME YOU GUYS!!!!!!!!!!!!!!! 40 POINTS IF YOU ANWSER ALL!!!!

What do fear-based marketing messages and advertisements focus on? (Select the best answer.)

Question 1 options:

Threats to the company's business


The company's competitors and their prices


The bad things that will happen to people who don't buy the product


Negative changes in the market that have reduced demand for the product

Question 2 (1 point)
Jacob is a marketer at Gamer Way Video Games. He is currently working to develop four different color versions of their latest video game console. Which of the four Marketing Mix strategies is Jacob working on?

Question 2 options:

Product


Place


Price


Promotion

Question 3 (1 point)
If a product is difficult to find or only carried by high-end retailer, this adds to it's prestige. This always benefits your marketing message.

Question 3 options:
True
False
Question 4 (1 point)
Which of the following can help you evaluate the performance of your ads and other marketing strategies?

Question 4 options:

Sending out a press release multiple times


Collecting secondary data about your target market


Asking customers how they found out about your company or product


Asking competitors what they think of your advertising strategy

Answers

Answer:

1. threats to the company

2. is product

3.true

4. sending out press release

your salary is $50,000 income tax rate is 21% on the first $35,000 and 23% on the rest of your income what is the total amount of tax that you owe A.$10,500 B. $10,770 C. $10,800 D.$11,500​

Answers

Answer:

C

Explanation:

35000 = 100%

35000×0.21 = 21% = $7350

50000 - 35000 = 15000 = 100%

15000×0.23 = 23% = $3450

so, in total, I pay

7350 + 3450 = $10,800

It is better to go to banks instead of family and friends for business loans because ______. (Select all that apply)

Answers

It is better to go to banks instead of family and friends for business loans because;

Banks can assist the business in analyzing problems.

Loans from family can hurt family relationships.

One of the primary reasons why financial institutions such as banks are established is to grant loans to its customers.

Banks assist people make sound financial decisions whilst also analysing their business needs such that the loan borrowed would be properly utilized.

loans from family can hurt relationships because such loans are based on trust and once the borrower is not able to payback as at when due, then such could hurt family relationships.

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A major advantage of the corporate form of ownership is ______. Multiple choice question. unlimited legal liability ease of formation limited life limited legal liability that corporate earnings aren't taxed until they are distributed to owners as dividends

Answers

The major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

The corporate form of ownership means a business/organization that is operating as a legal entity, that is, it is run separate from the parties who own it.

In other word, the corporation which operates as legal entity is created for purpose of operating for profit for individuals, stockholders, shareholders etc

Some advantages of corporation includes

Owners has limited liability.The easy transfer of ownership.The corporations usually lasts forever.

In conclusion, the major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

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Abardeen Corporation borrowed $113,000 from the bank on October 1, Year 1. The note had an 10 percent annual rate of interest and matured on March 31, Year 2. Interest and principal were paid in cash on the maturity date. Required a. What amount of cash did Abardeen pay for interest in Year 1

Answers

a. The cash that Abardeen pay for interest in Year 1 is $0.

b. Interest expense that was recognized is $2,825.

c The Total liabilities was reported is  $115,825.

d. The amount of cash was paid to the bank is $118,650.

e. The amount of interest expense was reported is $2,825.

a.  The  amount of cash that Abardeen pay for interest in Year 1 is $0 reason being that the interest matured on March 31, 2017.

b. Interest expense:

Interest expense=($113,000 x 10% x 3 months /12)

Interest expense=$2,825

c. Total liabilities

Total liabilities= $113,000 + $2,825

Total liabilities = $115,825

d. Cash that was paid to the bank on March 31, 2017:

Cash= $113,000 Principal +  ($113,000 × 10% × 6/12)] Interest

Cash= $113,000 Principal +$5,650 interest

Cash= $118,650

e. Interest expense reported on the 2017 income statement:

Interest expense=$113,000 × 10% ×3/12

Interest expense=$2,825

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Is L. Gore a mechanistic or an organic organization?

Answers

organizational structure

Generational Equity refer to: Group of answer choices a. One generation holding more wealth in stocks than debt instruments b. The relationship between taxes and spending at the generational level c. The potential of one generation subsidizing another Both a. and b. Both b. and c.

Answers

Generational equity refers to:

The relationship between taxes and spending at the generational levelThe potential of one generation subsidizing another

The answer to this question is option b and c. The concept has it that different generations have to be treated in similar and equal ways and also the fact that everyone has to have the same opportunities.

The theory explains the tradeoffs that exists between meeting the needs of those that are the elderly and those that are still young.

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Why are professional associations interested in keeping professional standards high?
A few dishonest professionals can hurt the entire profession.
B. They can charge more for higher standards.
C. Professional associations get paid based on customer reviews.
D. Professional associations are forced by law to keep standards high.

Answers

Answer:

A few dishonest professionals can hurt the entire profession.

In the long run, a. inputs that were fixed in the short run remain fixed. b. variable inputs are rarely used. c. inputs that were fixed in the short run become variable. d. inputs that were variable in the short run become fixed.

Answers

Eventually in the long run in a firm, the inputs that were fixed in the short run become variable.

In a firm production, the factor of production including (land, capital entrepreneurship) are fixed in short run whereas, only labor factor is variable in the period.

But when the firm is in long run, all factors of production and costs are already variable.

Hence, the Option C is correct because in the long run in a firm, the inputs that were fixed in the short run become variable.

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he following information relating to a company's overhead costs is available.

Budgeted fixed overhead rate per machine hour $ 0.50​
Actual variable overhead $ 96,000​
Budgeted variable overhead rate per machine hour $ 4.00​
Actual fixed overhead $ 15,000​
Budgeted hours allowed for actual output achieved 41,000​
Based on this information, the total overhead variance is:
a $5500 unfavorable.
b $73,500 unfavorable.
c $73,500 favorable.
d $68,000 favorable.
e $5500 favorable.

Answers

Answer:

A) $2,000 favorable

Explanation:

Actual total variable overhead = $ 73,000

Actual total fixed overhead = $ 17,000

Budgeted variable overhead rate per machine hour = $ 2.50

Budgeted total fixed overhead = $ 15,000

Budgeted machine hours allowed for actual output = 30,000

Budgeted variable overhead = $ 2.50 x 30,000 = $ 75,000

Variable overhead variance = Budgeted variable overhead - Actual total variable overhead

Variable overhead variance = $ 75,000 - $ 73,000 = $ 2,000

Since the actual value is under the budgeted value, the variable overhead variance is $2,000 favorable.

what happen when unity is not there?​

Answers

if there is no unity in a shared system, then diversity can become chaos.

Answer:

without unity there's no growth no integrity no freedom and definitely no patriotism

Jay, a divisional vice president of a consumer goods manufacturer, gives a presentation to all divisional employees to outline the company’s goals for the coming year. This is an example of what type of organizational communication?

✔ a. Downward communication
b. Grapevine communication
c. Lateral communication
d. Upward communication
e. Virtual communication

Answers

Answer:

downward communication

In the context of the common mistakes made during succession planning, the provisions of the _____ require boards to increase the priority of CEO succession.

Answers

Firms often have different ways of appointing successors. In the context of the common mistakes, the provisions of the Sarbanes-Oxley Act require boards to increase the priority of CEO succession.

The Sarbanes-Oxley Act provisions is known to input more demands that boards do in CEO succession planning.

The Sarbanes–Oxley Act of 2002 is a common United States federal law that gives power for some specific practices in financial record keeping and reporting for corporations.

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On January 15, Tundra Co. sold merchandise to customers for cash of $42,000 (cost $28,500). Merchandise costing $10,500 was sold to customers for $15,800 on January 17; terms 2/10, n/30. Sales totaling $296,000 (cost $198,000) were recorded on January 20 to customers using MasterCard, a credit card that charges a 2% fee. On January 25, sales of $72,000 (cost $48,200) were made to debit card customers. The bank charges Tundra a flat fee of 0.5% on all debit card transactions.
Required:
1. Prepare journal entries for each of the transactions described (assume a perpetual inventory system).
2. Identify the advantages and disadvantages of each type of sale: cash sale, credit sale, credit card sale, or debit card sale. Explain why Tundra would likely accept all these types of sales.

Answers

1. The Tundra Co's journal entries to record the sales transactions under the perpetual inventory system are as follows:

Journal Entries:

January 15: Debit Cash $42,000

Credit Sales Revenue $42,000

To record the sale of goods for cash.

Debit Cost of goods sold $28,500

Credit Inventory $28,500

To record the cost of goods sold.

January 17: Debit Accounts Receivable $15,800

Credit Sales Revenue $15,800

To record the sale of goods on account, terms 2/10, n.30

Debit Cost of goods sold $10,500

Credit Inventory $10,500

To record the cost of goods sold.

January 20: Debit Cash (MasterCard) $290,080

Debit MasterCard Expense $5,920

Credit Sales Revenue $296,000

To record the sale of goods via MasterCard.

Debit Cost of goods sold $198,000

Credit Inventory $198,000

To record the cost of goods sold.

January 25: Debit Cash $68,400

Debit Bank Charges $3,600

Credit Sales Revenue $72,000

To record the sale of goods via debit card.

Debit Cost of goods sold $48,200

Credit Inventory $48,200

To record the cost of goods sold.

2. The identification of the advantages and disadvantages of each sale type is as follows:

a. Cash Sale ensures that Tundra collects cash immediately without facing credit risks from customers.  Tundra has the cash available for operations without resorting to borrowing.  Customers may be discouraged from making purchases if sales are restricted to cash. Tundra may be forced to offer cash discounts, which are substantial when the interest rates are annualized.

b. Credit Sale enables Tundra customers to buy more because of the credit period given.  Credit Sale attracts more customers than Cash Sale.  However, there is the risk of default.  Some customers may become bankrupt during the credit period.  Credit Sale extension to all customers increases the risk of financial fraud by some entities.

c. Credit Card Sale is like a cash sale except that Tundra will pay some expense to the Card issuers on whose platform the sale transaction is conducted.

d. Debit Card Sale is also like Credit Card Sale except that it is offered by financial institutions and not credit card issuers.

e. By accepting all these types of sales, Tundra increases its ability to make sales to various customers since some customers prefer to make transactions through these various types of sales.

Data Analysis:

January 15: Cash $42,000 Sales Revenue $42,000

Cost of goods sold $28,500 Inventory $28,500

January 17: Accounts Receivable $15,800 Sales Revenue $15,800

Cost of goods sold $10,500 Inventory $10,500

terms 2/10, n.30

January 20: Cash (MasterCard) $290,080 MasterCard Expense $5,920 Sales Revenue $296,000

Cost of goods sold $198,000 Inventory $198,000

January 25: Cash $68,400 Bank Charges $3,600 Sales Revenue $72,000

Cost of goods sold $48,200 Inventory $48,200

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