If they spend all night writing computer programs, Laurence can write 10 programs and Carrie Anne can write 5. If they spend all night making sunglasses, Laurence can make 6 pairs, and Carrie Anne can make 4. We know that: a) Laurence's opportunity cost of writing programs is less than Carrie Anne's. b) Laurence's opportunity costs of writing programs and of making sunglasses are less than Carrie Anne's. c) Carrie Anne's opportunity costs of writing programs and of making sunglasses are less than Laurence's d) Carrie Anne's opportunity cost of writing programs is less than Laurence's.
Answers
The correct answer is b) Laurence's opportunity costs of writing programs and of making sunglasses are less than Carrie Anne's.
To determine the opportunity cost, we need to compare the amount of one product given up to produce the other product.
Step 1: Calculate opportunity costs for Laurence.
- If Laurence writes 10 programs, he gives up making 6 sunglasses. So, the opportunity cost of writing 1 program for Laurence is 6/10 = 0.6 sunglasses.
- If Laurence makes 6 sunglasses, he gives up writing 10 programs. So, the opportunity cost of making 1 pair of sunglasses for Laurence is 10/6 ≈ 1.67 programs.
Step 2: Calculate opportunity costs for Carrie Anne.
- If Carrie Anne writes 5 programs, she gives up making 4 sunglasses. So, the opportunity cost of writing 1 program for Carrie Anne is 4/5 = 0.8 sunglasses.
- If Carrie Anne makes 4 sunglasses, she gives up writing 5 programs. So, the opportunity cost of making 1 pair of sunglasses for Carrie Anne is 5/4 = 1.25 programs.
Step 3: Compare opportunity costs.
Laurence's opportunity costs are 0.6 sunglasses for 1 program and 1.67 programs for 1 pair of sunglasses. Carrie Anne's opportunity costs are 0.8 sunglasses for 1 program and 1.25 programs for 1 pair of sunglasses.
Since Laurence's opportunity costs (0.6 and 1.67) are both less than Carrie Anne's opportunity costs (0.8 and 1.25), the statement b) is correct.
To know more about opportunity costs , refer here
https://brainly.com/question/13036997#
#SPJ11
Related Questions
A company is considering several software as a service (saas) platform providers to manage their talent lifecycle of hiring, onboarding, ongoing career development, and payroll. where should the company primarily focus when evaluating different saas providers?
Answers
When evaluating different SaaS providers, the company should primarily focus on the provider's ability to deliver the desired functionality, reliability, and security.
What is SaaS?
A method of distributing applications over the internet as a service is known as software as a service (or SaaS). SaaS applications, also known as Internet software, on-demand software, as well as hosted software, let you access software over the Internet without having to install and maintain it. This relieves you of the burden of complicated software as well as hardware management. Whatever name they go by, SaaS applications run just on servers of a SaaS provider. Security, availability, and performance of access to the application are all managed by the provider. A good analogy for the SaaS model is a bank, which protects each customer's privacy while offering a service that is dependable and secure—on a large scale. Customers of a bank can use the same financial technology and systems without being concerned about unauthorised access to their personal data.
To learn more about SaaS
https://brainly.com/question/24852211
#SPJ4
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
Read more about net income here:
https://brainly.com/question/28390284
#SPJ1
What are the 5 advantages of writing out a budget?
Answers
Explanation:
Provides You 100% Control Over Your Money.
Let's You Track Your Financial Goals.
Budgeting Will Open Your Eyes.
Will Help Organize Your Spending.
Will Help Create a Cushion for Unexpected Expenses.
Budgeting Makes Talking About Finances Much Easier.
thesavvycouple dot come
Molly has a $2500 down payment saved for this purchase, and the dealer’s $1500 Cash Allowance will come straight off her total. How much loan does Molly need?
Molly selected the Latitude trim for her Patriot SUV and the total purchase price used for this example = $25,495.
Since Molly has $2,500 for a down payment, but $1,500 are needed to pay for expenses related to the car dealer, she will need to borrow = purchase price + dealer's cash allowance - Molly's down payment = $25,495 + $1,500 - $2,500 = $24,495
How much will Molly’s monthly payment be?
Answers
If she has a $2500 down payment saved and the dealer’s is $1500. Loan needed is $21,495 and monthly payment is $597.08.
Molly’s loan needed and monthly paymentMolly loan:
Molly Loan needed =$25,495-$2,500-$1,500
Molly loan needed=$21,495
Molly’s monthly payment:
Molly’s monthly payment =$21,495/36 months
Molly’s monthly payment=$597.08
Therefore Loan needed is $21,495 and monthly payment is $597.08.
Learn more about Molly’s loan needed and monthly payment here:https://brainly.com/question/26940318
Bill received an unordered calendar from the local charity so he must pay money to the charity.
True
False
Answers
Answer:
false, they sent the calendar hoping he would make a donation, but he does not have to give any money
Explanation:
they sent the calendar hoping he would make a donation, but he does not have to give any money
Which of the following is NOT a type of communication used in public relations?
1. Press releases
2. News releases
3. Press Conferences
4 Commercials
Answers
Answer: Commercials
Explanation: can i have brainest
Which statement is a consequence of objectivism? Group of answer choices Moral rules apply in all cases, without exceptions. Whether an action is objectively right depends on its consequences. If two people have a moral disagreement, only one of them can be right. Everyone has the same beliefs about morality.
Answers
Answer:
B. Whether an action is objectively right depends on its consequences
Explanation:
Ayn Rand developed the theory of Objectivism. Objectivism according to her is the philosophical idea, that every thing people do, be it the pursuit of education or financial security is done simply for the purpose of preserving the human life. This theory promotes selfishness over altruism. It also advocates realism. Every other thing people do is supposed to conform to that which is the fact.
This theory also opines that if our philosophy of life is correct or right, then we would be successful. But if our philosophy of life is wrong, then the consequences would be inimical.
2. Gigi is giving a client a blunt cut. In order to ensure that the hair at the nape is cut shorter than the rest, resulting in a true one-length cut, how should the client hold her head when Gigi begins the cut in the nape section?
tited to the right
tited to the left
tited slightly forward
tited slightly back
Answers
When giving a blunt cut, it is important to ensure that the hair at the nape is cut shorter than the rest to achieve a true one-length cut. To do this, the client should tilt their head slightly forward when Gigi begins the cut in the nape section. This will allow for easier access to the hair at the nape and provide a clear view of the hair's natural fall.
By tilting the head forward, the hair at the nape will be positioned higher than the rest, which allows for a more precise and accurate cut. It also ensures that the hair is cut evenly throughout the head, creating a smooth and seamless finish.
If the client tilts their head to the right or left, it can create an uneven cut, resulting in hair that is longer on one side than the other. Tilted slightly back can make it difficult to access the hair at the nape, making it challenging to achieve a true one-length cut.
Overall, when giving a blunt cut, it is crucial to communicate with the client and ensure they tilt their head slightly forward to achieve the desired result. By doing so, it will create a clean and uniform look, leaving the client with a stunning and professional hairstyle.
for more such questions on natural fall.
https://brainly.com/question/19592780
#SPJ11
Explain the concept of inter cropping in brief . (5) note: it should be of 5 marks
Answers
Answer:
Inter cropping is a type of multi cropping where the farmer cultivates two or more crops in a field simultaneously. Inter croping is a sustainable practice that can improve resource-use efficiency, such as nutrients and water, allowing low input agricultural practices.
Explanation:
Pls mark as brainliest
Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores
Answers
Answer:
c
Explanation:
A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes
(14%) Let A[1..n] be an array of n positive numbers. Entry A[i] represents the trading price of a stock X on the i-th day (and hence the numbers are ordered chronologically). Write an algorithm max-profit that returns a pair (a, b) such that if one buys stock X on the a-th day and sells it on the b-th day, the maximum profit is made. Give the time complexity of your algorithm in Big-O. Show the derivation of the complexity result.
Answers
To solve this problem, we can use a simple algorithm that iterates through the array and keeps track of the minimum price seen so far and the maximum profit.
The algorithm works as follows: Initialize variables: min_price = A[1], max_profit = 0, buy_day = 1, sell_day = 1. Iterate through the array A from the second element to the last: If A[i] < min_price, update min_price = A[i]. If A[i] - min_price > max_profit, update max_profit = A[i] - min_price, buy_day = index of min_price, sell_day = i. Return the pair (buy_day, sell_day). The time complexity of this algorithm is O(n), where n is the size of the array A. This is because we perform a single pass through the array, comparing and updating values in constant time for each element. Therefore, the algorithm has a linear time complexity.
learn more about:- algorithm here
https://brainly.com/question/33344655
#SPJ11
________ innovation is based on the conviction that new products and consumer solutions can successfully emerge only from inside the organization. marketing
Answers
Marketing innovation is based on the conviction that new products and consumer solutions can successfully emerge only from inside the organization.
What is marketing innovation?Marketing innovation is a term used to refers to how the new products can be used to convince the consumer so they can buy it.
It is based on the organization can comes up with better idea to win heart of consumer.
Learn more about marketing at!
https://brainly.com/question/14457086
Consider the information below for an individual:
Home valued at $250,000
Mortgage balance of $150,000
Auto worth $25,000
$15,000 auto loan
New household furnishings valued at $5,000
$4.500 loan for furniture
Retirement account of $45,000
$1,500 in emergency savings
$500 in checking
$1500 in a CD
$15,000 credit cards balances
$500 per month for student loans; current balance is $25,000
$100 per month gym membership
Using the information above, respond to all of the following:
1. Determine this individual's net worth. Explain.
2. Identify any expenses that are not liabilities.
3.Assume this individual decides to create a budget. What are the two components of a budget?
4.Assume this individual's friend decides to pursue postsecondary education. What are two types of financial aid that the friend could apply for that do not have to be repaid?
Answers
1. This individual's net worth is $119,000 ($328,500 - $209,500).
2. The non-liability payment is $100 per month for a gym membership.
What is a person's net worth?An individual's net worth is the difference between the assets and the liabilities.
The net worth can be positive (when the assets are worth more than the liabilities) or negative (when the liabilities are worth more than the assets).
Data and Calculations:Assets Liabilities
Home value $250,000 $150,000
Auto $25,000 $15,000
New household furnishings $5,000 $4,500
Retirement account $45,000
Emergency savings $1,500
Checking account $500
CD $1,500
Credit cards balances $15,000
Student loans $25,000
Totals $328,500 $209,500
3. Thus, the two components of this individual's budget are assets and liabilities.
4. The two types of financial aid that the friend could apply for without repayment are grants or scholarships.
Learn more about assets and liabilities at https://brainly.com/question/24534918
#SPJ1
Unethical behavior should be reported to the proper authority, but care must be taken to ______.
a.
Report your perceptions
b.
Explain what you think was happening
c.
Report only what happened
d.
Explain how you were able to see it
Answers
Answer:
c cause you will not need to explain anything more then what happened
Answer:
Report only what happened
Explanation:
The Technically Techno company has several patents for various Flash memory devices that are used in computers, cell phones, and a variety of other things. A competitor has recently introduced a product based on technology very similar to something patented by Technically Techno last year. Consequently, Technically Techno has sued the other company for copyright infringement. Based on the facts in the case as well as the record of the lawyers involved, Technically Techno believes that if the lawsuit goes to court, there is a 40% chance that they will be awarded $300,000, a 30% chance they will be awarded only $50,000, and 30% chance that they would lose the case and be awarded nothing. The estimated cost of legal fees if they go to court is $50,000. However, the other company has offered to pay Technically Techno $75,000 to settle the dispute without going to court. What is Technically Techno’s optimal decision (choose between "Go to Court" or "Settle") and its expected value?
Answers
Answer:
To determine the optimal decision for Technically Techno, we need to compare the expected value of going to court with the expected value of settling the dispute. The expected value is calculated by multiplying the possible outcomes by their respective probabilities and summing them up.
If Technically Techno goes to court:
40% chance of winning $300,000 (0.4 * $300,000 = $120,000)
30% chance of winning $50,000 (0.3 * $50,000 = $15,000)
30% chance of losing and being awarded nothing (0.3 * $0 = $0)
The expected value of going to court would be the sum of these outcomes:
$120,000 + $15,000 + $0 = $135,000
However, there are legal fees to consider. If they go to court, they would incur $50,000 in legal fees. So, the net expected value of going to court is:
$135,000 - $50,000 = $85,000
If Technically Techno settles the dispute:
They would receive $75,000 from the other company.
Therefore, the expected value of settling the dispute without going to court is $75,000.
Comparing the expected values, we see that the expected value of going to court is higher ($85,000) than settling the dispute ($75,000). Therefore, Technically Techno's optimal decision would be to go to court.
The expected value of going to court is $85,000.
the ________________________________________ ratio indicates the number of times that net income before interest expense and income taxes exceeds interest expense.
Answers
The interest coverage ratio indicates the number of times that net income before interest expense and income taxes exceeds interest expense.
The interest coverage ratio is a financial metric that measures a company's ability to meet its interest obligations with its earnings. It indicates the number of times that net income before interest expense and income taxes exceeds interest expense.
The formula for calculating the interest coverage ratio is:
Interest Coverage Ratio = (Net Income Before Interest and Taxes) / Interest Expense
A higher interest coverage ratio indicates that a company is generating more than enough earnings to cover its interest payments. This signifies a stronger ability to meet its debt obligations and suggests lower default risk. Lenders and investors often consider a higher interest coverage ratio as a positive indicator of financial health and stability.
On the other hand, a lower interest coverage ratio implies that a company may have limited earnings to cover its interest expenses, which could raise concerns about its ability to service its debt. A low interest coverage ratio indicates a higher risk of default and may lead to difficulties in obtaining financing or higher borrowing costs.
Therefore, the interest coverage ratio serves as a vital tool for assessing a company's financial health, particularly in terms of its ability to fulfill its interest obligations and manage its debt effectively.
To learn more about ratio/interest expense click on,
https://brainly.com/question/30031915
#SPJ4
Which of the following represents major standards for ethical behavior?
Answers
Answer:
A. integrity, honesty, respect, fairness
Explanation:
Ap-ex
What piece of information would an appraiser not find in the subject and contract sections of the report?
Answers
The subject and contract sections of an appraisal report contain important information about the property being appraised and the details of the contract or agreement related to the appraisal.
However, the appraised value, which is the estimated value of the property, is not typically included in these sections.
The appraised value is usually found in the valuation section of the appraisal report. This section is where the appraiser analyzes the data collected, such as comparable sales, market trends, and property characteristics, to determine the estimated value of the property.
To summarize, an appraiser would not find the appraised value in the subject and contract sections of the report. Instead, the appraised value is typically included in the valuation section, where the appraiser analyzes the data and provides an estimated value for the property.
To know more about appraisal visit:
brainly.com/question/33851823
#SPJ11
how does a hotel support tourism industry ? explain
Answers
Answer:
Hospitality generates revenue for local economies directly when tourists spend money in hotels, restaurants and entertainment venues. It also helps economies indirectly because tourists purchase retail goods, pharmacy items and locally made souvenirs and crafts.
5.
Does the firm seem most focused on accounting profitability, shareholder value creation, or economic value creation? Give quotes or information from these sources to support your view.
The company that I picked is Amazon
Answers
Amazon is primarily focused on economic value creation, as evident through its long-term growth strategy, customer-centric innovation, and emphasis on shareholder value over short-term profitability.
Amazon, as a company, demonstrates a strong focus on economic value creation rather than solely accounting profitability or shareholder value creation. This can be observed through various quotes and information available about the company.
Jeff Bezos, the founder of Amazon, has emphasized the importance of long-term value creation. He stated, "We believe that a fundamental measure of our success will be the shareholder value we create over the long term" (Annual Shareholder Letter, 1997).
This indicates that Amazon's focus is on creating sustained value for its shareholders, which aligns with the concept of economic value creation.
Furthermore, Amazon's relentless pursuit of innovation and customer-centric approach reflects its focus on economic value creation. The company continuously invests in technology, infrastructure, and new business ventures to enhance customer experience and expand its market reach. This strategy aims to generate long-term value by capturing market share and driving revenue growth.
Additionally, Amazon's emphasis on long-term growth over short-term profitability is evident in its reinvestment of profits into new initiatives and expansion. Bezos once stated, "We're willing to be misunderstood for long periods of time" (2012 Annual Shareholder Letter), highlighting the company's commitment to long-term value creation rather than immediate profit maximization.
Overall, Amazon's strategic focus on customer-centric innovation, long-term growth, and willingness to prioritize investments for future value creation indicate a primary emphasis on economic value creation.
Learn more about profitability here:
https://brainly.com/question/29982132
#SPJ11
As individual legal entities, corporations assume liability for their own debts, so the shareholders hold.
Answers
As individual legal entities, corporations assume liability for their own debts, so the shareholders hold only limited liability.
What is limited liability?Limited liability is known to be a kind of a legal protection that is made specifically for shareholders as well as the owners that tends to hinder people or individuals from being held solei responsible for their company's debts as well as any form of financial losses.
Note that this is one that tends to exist in a unique form and as such, As individual legal entities, corporations assume liability for their own debts, so the shareholders hold only limited liability.
Learn more about limited liability from
https://brainly.com/question/25012970
#SPJ1
Explain why socialist societies do not use a circular flow chart.
Answers
In what ways might property rights achieve more efficient outcomes in markets containing externalities?.
Answers
Property rights provide incentives to supply the optimal amount. Property rights help avoid the tragedy of commons. With property rights, the marginal social benefit curve increases.
When property rights are not clearly defined or adequately protected, market failure can occur.
That is, no solution that meets the needs of all parties involved can be achieved. Traffic congestion might be an example of an externality without a solution.
They give confidence to individuals and businesses to invest in land, allow private companies to borrow – using land as collateral – to expand job opportunities, and enable governments to collect property taxes, which are necessary to finance the provision of infrastructure and services to citizens.
Learn more about Property here: https://brainly.com/question/1078532
#SPJ4
Which of the following provisions in a mortgage may pose a problem with a transfer of real estate into a trust?
Report an Error
An in terrorem clause
A due on sale clause
A power of sale clause
There is no provision that will provide a problem
Answers
The provision in a mortgage that may pose a problem with a transfer of real estate into a trust is the "due on sale clause." The Option B.
Which provision in a mortgage may pose a problem?The "due on sale clause" in a mortgage may create issues when transferring real estate into a trust. This clause typically allows the lender to demand full repayment of the mortgage if the property is sold or transferred without the lender's consent.
When a property is transferred into a trust, it effectively changes ownership triggering the due on sale clause. As a result, the lender may require immediate repayment of the outstanding mortgage balance, which can complicate the transfer process and create financial difficulties for the trust or the parties involved in the transfer.
Read more about real estate
brainly.com/question/1534216
#SPJ1
need help on econ please and thank you
Answers
Answer:
1. Bonds
2. Property
3. Mutual Funds
4. Starting a business
Explanation:
I can't take pictures of my work?need help.
Answers
Answer:
What are you using to take pictures of your work?
Explanation:
If you are using your phone, you can take a regular picture of your work and then email it to your computer.Then download it to your files and upload it where needed.
If you are using computer, go to camera app and take picture. then download it to your files and upload it where you need to
The sales manager of a company awarded a total of $3000 in bonuses to the most productive salespeople. The bonuses were awarded in amounts of $250 or $750. If at least one $250 bonus and at least one $750 bonus were awarded, what is one possible number of $250 bonuses awarded
Answers
Answer: One possible answer is 9
What are the four main reasons some skills are in higher demand than others
Answers
Answer: 1) Because of their demand 2) Wealth can be easily gotten through them 3) Improved solution 4) Tendencies that they would be needed for a long time
Explanation:
Some jobs are of a higher demand than others, the following explains why it is so
1) Demand; the world is changing and there is demand for certain fields today than before, new trends are replacing the existing ones, this now places a higher need for some skills than others.
2) Wealth easily generated; based on the demand for this new set of skills and job, there would be a high buying and selling within this region thereby creating wealth for those involved easily than existing skills
3) Improved solution; these high demand jobs have created better ways to solve problems than the existing method, this makes them have value than other methods applied before
4) Duration; there are tendencies that they would be sustainable for a long period of time, this makes them highly demanded
the department often measures inventory in terms of its cost or value in dollars, whereas tends to measure inventory in terms of units.
Answers
There is a difference in how the department and the company tend to measure inventory. The department measures inventory in terms of its cost or value in dollars, whereas the company tends to measure inventory in terms of units.
The department's approach is more focused on the financial aspect of inventory management. By measuring inventory in terms of cost or value in dollars, the department can determine the total value of their inventory and the cost of goods sold (COGS) accurately. This information is critical in making decisions about pricing, ordering, and stock levels.
On the other hand, the company's approach is more focused on the operational aspect of inventory management. Measuring inventory in terms of units allows them to track the physical amount of inventory they have on hand. This information is useful in determining when to reorder, how much to reorder, and where to store the inventory.
Overall, both methods have their advantages and disadvantages, and companies may choose to use one or both depending on their specific needs.
Learn more about inventory management: https://brainly.com/question/13439318
#SPJ11
for internal record keeping, most companies carry their inventory using the _____ basis.
Answers
Answer: FIFO
Explanation: