An opportunity cost is defined as the value of a forgone activity or alternative when another item or activity is chosen. Opportunity cost comes into play in any decision that involves a tradeoff between two or more options. It is expressed as the relative cost of one alternative in terms of the next-best alternative. Opportunity cost is an important economic concept that finds application in a wide range of business decisions.
Opportunity cost refers to the potential benefit one misses out when choosing one alternative over another. It is used in economics to determine the true value of economic decisions by quantifying what is given up to get what is wanted. The opportunity cost would be any other potential investments that could have been made, representing the missed opportunity.
Opportunity cost is a core concept in economics and it refers to the potential benefit an individual or a business misses out on when choosing one alternative over another. In essence, it's the loss of potential gain from other alternatives when one alternative is chosen. It helps to determine the true value of economic decisions by quantifying what we give up to get what we want.
For example, imagine you have $10,000 and you decide to invest it in stocks. The opportunity cost would be any other potential investments you could have made with that money, such as buying bonds, purchasing real estate, or even keeping the money in a savings account. The value of the best forgone alternative - in this case, the potential returns from bonds, real estate, or savings - represents the opportunity cost of your decision to invest in stocks.
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Settlement
Motion of Summary Judgments
Bench trial
Answer:
0.45
Explanation:
Total Asset turnover is the relationship between the total asset and the total sales. It measure the turnover generated by assets and shows how fully a company is utilizing its assets.
It is calculated as Net Sales / Average Total asset.
Average total asset is calculated as Asset at Beginning + Asset at closing / 2
Applying the formula
The total sales = $900,000 while the total asset is $2, 000,000
$900,000/$2,000,000 = 0.45
Note: The beginning and closing Asset were not given so $2,000,000 is regarded to as the average asset.
Each bottle of juice cost are 1.29 per bottle.
What is tax?
The term tax refers to the government charge the extra money for goods and services. The tax is also called as financial charge. The public pay tax is compulsory. There are two categories of tax such as direct tax and indirect tax.
The equation are the given are:
oranges for $2.07
total cost before tax was $33.03
24-pack of juice bottle
X = (tax-oranges) ÷ juice bottle
X = ($33.03—$2.07) ÷ 24
X = (30.96) ÷ 24
X = 1.29 per bottle.
As the result, the tax was the included the per bottle price is the $1.29.
Learn more about on tax, here:
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Answer:
Here's the equation and everything
Explanation:
Fixed-cost pricing
Incremental analysis
Breakeven analysis
Ratio analysis
b. 40%
c. 70%
d. 85%
Answer:
c
Explanation:
b. client agreement.
c. brochure.
d. press release.
The document a caterer uses to stipulate the terms, conditions, and contents of the services he or she will provide each client is called the client agreement. The answer is letter B.