If crowne company's target operating profit is $65,000, sales would have to be $235,000.
To solve this problem, we can use the following formula:
Target Operating Profit = (Sales - Variable Costs) - Fixed Cost
The Contribution Margin Ratio is 25%, which means that 75% of each sales dollar is consumed by variable and fixed costs. We also know that the break-even point in sales is $235,000. This information allows us to calculate the variable and fixed costs as follows:
Variable Costs = Sales x (1 - Contribution Margin Ratio)
Variable Costs = $235,000 x (1 - 0.25) = $176,250
Fixed Costs = Total Costs - Variable Costs at Break-Even Point
Fixed Costs = $235,000 - $176,250 = $58,750
Now we can plug in the values and solve for sales:
$65,000 = (Sales x 0.25) - $58,750
$65,000 + $58,750 = Sales x 0.25
$123,750 = Sales x 0.25
Sales = $495,000
Therefore, Crowne Company would need to generate $495,000 in sales to achieve its target operating profit of $65,000, given a contribution margin ratio of 25% and a break-even point in sales of $235,000.
To know more about operating profit , refer here :
https://brainly.com/question/28344071#
#SPJ11
Executive pay at Ashance Inc., a manufacturing company, includes bonuses based on the year’s profits or other measures related to the organization’s goals. Sometimes, to gain tax advantages, the bonus is made part of executives’ retirement plans. Which of the following is being exemplified in this scenario?A. long-term incentivesB. balanced scorecardsC. piecework plansD. employee stock ownership plansE. short-term incentives
Answer:
Short-term incentive
Explanation:
The reason is that long term incentives are based on achiving goals that take more than a year and short term goals achievement duration is less than 12 months. This means that the profit maximization benefit is short term goal and the incentive on short term goal is short term incentive.
The company has gained the tax advantages by including the payment of the bonus in thier retirement plans which is an example of short term incentive.
according to the video what are some quality's petroleum engineers need? check all that apply.
Hello! Your answer is shown below,
Petroleum engineers should have natural abilities to make them successful. Personal attributes include strong mathematics and analytical skills to design equipment and solve problems in drilling.
Hope this helps!
Answer:
The answer is
A) willingness to travel
E) problem-solving skills
F) patience
Explanation:
Question 21 Muple Choice Worth 4 points)
(01.08 MC)
Two siblings want to pool their inheritance money to make a joint investment. They are young and willing to accept moderate to high risk over many years. Which combination of investment options suits their needs?
O Money market account and bonds
O Mutual funds and stocks
O Savings aunt and bonds
O Stocks and futures
If two siblings want to pool their inheritance money to make a joint investment. They are young and willing to accept moderate to high risk over many years. The combination of investment options that suits their needs is: Mutual funds and stocks.
What is Mutual funds and stocks?
Mutual funds and stocks can be defined as the investment a person engages and this investment has to do with buying stock, assets among others.
Based on the given scenario Mutual funds and stocks is the investment options that will best suit the two siblings need since they want to make a joint investment.
Therefore the combination of investment options that suits their needs is: Mutual funds and stocks.
Learn more about Mutual funds and stocks here:https://brainly.com/question/4521829
#SPJ1
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Item 2 The following data have been extracted from the records of Puzzle Incorporated: February August Production level, in units 9,600 20,160 Variable costs $ 27,840 $ ? Fixed costs ? 34,300 Mixed costs 25,984 ? Total costs $ 88,124 $ 142,930 Required: Calculate the missing costs. Calculate the cost formula for mixed cost using the high–low method. Calculate the total cost that would be incurred for the production of 13,824 units. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. cost behavior pattern relevant range
The missing costs are:
Variable costs for August = $116,620.80Fixed costs for February = $34,300Mixed costs for August = $1,009.20The cost formula for the mixed costs is: Total cost = $36,176.80 + ($5.78 x Production level) + Mixed cost.
The two key cost behavior assumptions made in the calculation of the answer to part c are:
The assumption that the mixed costs are linear within the relevant range of production levels.The assumption that the variable cost per unit remains constant within the relevant range of production levels.How to Solve the Problem?To calculate the missing costs, we need to use the high-low method to separate the mixed costs into their fixed and variable components. The high-low method involves taking the highest and lowest production levels and their corresponding total costs and using them to calculate the variable cost per unit and the fixed cost.
Using the data given, we can find the missing costs as follows:
Variable costs for August:
Variable cost per unit = (Total cost at highest production level - Total cost at lowest production level) / (Highest production level - Lowest production level)
Variable cost per unit = ($142,930 - $88,124) / (20,160 - 9,600)
Variable cost per unit = $5.78
Variable costs for August = Variable cost per unit x August production level
Variable costs for August = $5.78 x 20,160
Variable costs for August = $116,620.80
Fixed costs for February:
Fixed costs = Total costs - (Variable costs + Mixed costs)
Fixed costs = $88,124 - ($27,840 + $25,984)
Fixed costs = $34,300
Mixed costs for August:
Mixed costs = Total costs - (Fixed costs + Variable costs)
Mixed costs = $142,930 - ($34,300 + $116,620.80)
Mixed costs = $1,009.20
Therefore, the missing costs are:
Variable costs for August = $116,620.80
Fixed costs for February = $34,300
Mixed costs for August = $1,009.20
Using the high-low method, we can calculate the cost formula for the mixed costs as follows:
Variable cost per unit = ($142,930 - $88,124) / (20,160 - 9,600)
Variable cost per unit = $5.78
Using the highest production level and its corresponding total cost, we can find the total fixed cost:
Total cost at highest production level = Fixed cost + (Variable cost per unit x Highest production level) + Mixed cost
$142,930 = Fixed cost + ($5.78 x 20,160) + $1,009.20
Fixed cost = $36,176.80
Therefore, the cost formula for the mixed costs is: Total cost = $36,176.80 + ($5.78 x Production level) + Mixed cost.
To calculate the total cost for the production of 13,824 units, we can use the cost formula for mixed costs:
Total cost = $36,176.80 + ($5.78 x 13,824) + $1,009.20
Total cost = $107,683.16
The two key cost behavior assumptions made in the calculation of the answer to part c are:
The assumption that the mixed costs are linear within the relevant range of production levels.
The assumption that the variable cost per unit remains constant within the relevant range of production levels.
Learn more about mixed costs here: https://brainly.com/question/29840754
#SPJ1
In a business letter, the true margins are
Answer:
side ;top and bottom marguns
When given an Income Statement, Balance Sheet, and Cash Flow Statement, how would you calculate the following in excel:
DuPont Analysis. Break down your company’s Return on Equity, ROE, into the 3-part DuPont Equation for each year. Comment on what factors caused changes in your company’s ROE over the time period.
To calculate the DuPont Analysis and break down a company's Return on Equity (ROE) into the three-part DuPont Equation in Excel, you need to analyze the company's Income Statement, Balance Sheet, and Cash Flow Statement. The three components of the DuPont Equation are Profit Margin, Asset Turnover, and Equity Multiplier. Analyzing changes in each component over time can help identify factors influencing the company's ROE.
To perform DuPont Analysis in Excel, follow these steps:
Retrieve the necessary financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement, for each year of analysis. Calculate the Profit Margin by dividing Net Income by Total Revenue. This ratio measures how efficiently the company generates profits from its sales.
Calculate the Asset Turnover by dividing Total Revenue by Average Total Assets. This ratio indicates how effectively the company utilizes its assets to generate sales. Calculate the Equity Multiplier by dividing Average Total Assets by Average Shareholders' Equity. This ratio shows the leverage or financial structure of the company.
Calculate the ROE by multiplying the Profit Margin, Asset Turnover, and Equity Multiplier. The formula for ROE is: ROE = Profit Margin x Asset Turnover x Equity Multiplier.
By analyzing changes in each component of the DuPont Equation over time, you can identify factors influencing the company's ROE. For example, an increase in Profit Margin may indicate improved cost management or pricing strategies. An increase in Asset Turnover may suggest increased efficiency in utilizing assets. Changes in the Equity Multiplier can be influenced by factors such as debt financing or stock buybacks.
In conclusion, DuPont Analysis allows for a comprehensive breakdown of a company's ROE by analyzing the Profit Margin, Asset Turnover, and Equity Multiplier. Examining changes in these components over time can provide insights into the factors impacting the company's ROE, including profitability, asset utilization, and financial leverage.
Learn more about DuPont Analysis here:
https://brainly.com/question/30403150
#SPJ11
What is a loan forgiveness program? everfi
1. A legal action that can be taken if the loan company has discriminated against you.
2. A program that allows you to correct mistakes on a loan application.
3. A program that reduces or wipes away the amount of your loan if you are eligible.
4. A policy of most loan companies where up to 6 late payments are accepted without penalties.
Answer:
Option 3.
Explanation:
A program that reduces or wipes away the amount of your loan if you are eligible is a loan forgiveness program. The Public Service Loan Forgiveness Program is designed to encourage people to get into and stay in full-time public service careers.
How does loan forgiveness programs work?If one is qualify for full forgiveness, cancellation, or discharge of its loan, they are no longer obligated to make payments.
If one is only eligible for forgiveness, cancellation, or discharge of a portion of their loan, they must return the remaining sum.
Thus, option c is correct.
For more details about loan forgiveness programs, click here
https://brainly.com/question/22714444
#SPJ2
(True or False) Direct service workers include salespeople, waiters, and bartenders.
It is false that direct service workers include salespeople, waiters, and bartenders. The correct option is false.
Direct Service is defined as action that takes place in the presence of the people, animals, or places we desire to affect. This could involve things like volunteering or cleaning up a park. Indirect Service may not be performed in the presence of the person or thing whose life you are influencing. Fundraising or collection efforts might be used to provide service.
Direct services aim to enable persons with disabilities and other special needs to live freely and remain active members of their communities. This sort of service may include assisting a client in managing a disability-related condition, providing direction and assistance for daily tasks, assisting them in gaining access to healthcare, or providing skills training for employment and independent living.
Learn more about direct service, here:
https://brainly.com/question/12389751
#SPJ4
consider at least two methods used for power quality improvement, the critical evaluation of such methods has to be done either by language supported with picture evidences or from simulation results
Two methods used for power quality improvement are active power filters and voltage regulators.
Active power filters are devices used to mitigate harmonic distortion and reactive power in electrical systems. They actively inject counteracting currents to cancel out the unwanted harmonics and improve power quality. These filters are critical in reducing voltage and current distortion, ensuring stable and efficient operation of the electrical network. Evaluation of active power filters can be done through simulation results that demonstrate the reduction in harmonic distortion and improvement in power factor.
Voltage regulators, such as Automatic Voltage Regulators (AVRs), are used to maintain a stable voltage level at the load terminals. They compensate for voltage fluctuations and ensure that the voltage remains within acceptable limits. Evaluation of voltage regulators can be done through simulation results or through language supported by picture evidence showing voltage stability and regulation under varying load conditions.
To know more about voltage regulators, click here.
https://brainly.com/question/14407917
#SPJ4
Bob has the following utility function: U = F⁰.⁹ E0.1
where F is the number of fish consumed and E is the number of eggs consumed. The price of fish is £9 and the price of eggs is £8. Bob has a weekly income of £200. Use a Lagrangian to find the optimal amounts of fish and eggs that Bob consumes in a week.
The optimal amounts of fish and eggs that Bob consumes in a week, as determined by the Lagrangian method, are:
Fish (F): 3.13 units
Eggs (E): 8.87 units
To find the optimal consumption of fish (F) and eggs (E) for Bob, we can use the Lagrangian method, which involves maximizing the utility function subject to the budget constraint.
The Lagrangian function is given by:
L(F, E, λ) = F^0.9 * E^0.1 - λ(9F + 8E - 200)
Where λ is the Lagrange multiplier.
To find the optimal values, we differentiate the Lagrangian function with respect to F, E, and λ, and set the resulting equations equal to zero.
Taking the partial derivatives, we get:
∂L/∂F = 0.9F\(^{-0.1}\) * E\(^{0.1}\) - 9λ = 0
∂L/∂E = 0.1F\(^{0.9}\) * E\(^{-0.9}\) - 8λ = 0
∂L/∂λ = 9F + 8E - 200 = 0
Solving these equations simultaneously, we can find the optimal values for F and E.
After solving the equations, we find that F = 3.13 units and E = 8.87 units. These values represent the optimal amounts of fish and eggs that Bob should consume in a week to maximize his utility, given the prices and his income.
To learn more about Lagrangian, here
https://brainly.com/question/7227603
#SPJ4
What is the FIRE movement?
Answer:
The FIRE movement is a lifestyle movement with the goal of gaining financial independence and retiring early.
Which of the following is NOT an example of a mixed cost. depreciation on Factory Machine utilities employee earns salary and commission on sales When using the High-low Method, choose the Highest and Lowest based on volume costs Fixed cost per unit will if more units are produced. stay constant increase decrease
The correct option for a mixed cost is not employee earning salary and commission on sales, but rather examples such as depreciation on factory machines and utilities that include both variable and fixed costs.
A mixed cost is a combination of variable and fixed costs. The variable cost increases with the level of production, whereas the fixed cost remains constant, regardless of the level of production. As a result, a mixed cost changes with the amount of production, but not in proportion.
Here are some examples of mixed costs:
Depreciation on Factory Machine (Fixed Cost + Variable Cost)
Utilities (Fixed Cost + Variable Cost)
Employee earns salary and commission on sales (Not an example of mixed cost because it includes only variable costs)
In the case of an employee earning a salary and commission on sales, it is not considered a mixed cost because it consists solely of variable costs. The commission is based on the amount of sales made, and the salary is paid based on the amount of work done or the number of hours worked. These costs vary directly with the level of sales or productivity.
When using the High-low Method, it is important to keep the following points in mind:
The highest cost is always compared to the lowest cost based on volume.
The fixed cost per unit will decrease if more units are produced.
Fixed costs will remain constant regardless of the volume of output.
In conclusion, the correct option for a mixed cost is not employee earning salary and commission on sales, but rather examples such as depreciation on factory machines and utilities that include both variable and fixed costs.
To know more about High-low Method,
https://brainly.com/question/32709762
#SPJ11
The consumer's level of involvement can lead to two types of buying decisions: __________ and __________.
a. physiological/safety; esteem/self-actualization
b. extended problem solving; limited problem solving
c. economic; social
d. habitual; extended
e. culturally influenced; autonomous
The consumer's level of involvement can lead to two types of buying decisions: extended problem solving and limited problem solving. Extended problem solving occurs when consumers are highly involved in the purchase decision and spend a significant amount of time and effort in evaluating various alternatives. This type of buying decision is common for high-cost and high-risk purchases, such as a car or a house. On the other hand, limited problem solving occurs when consumers are less involved in the purchase decision and rely on simple decision rules or heuristics to make a quick choice. This type of buying decision is common for low-cost and low-risk purchases, such as groceries or household items. Understanding the consumer's level of involvement is important for marketers to develop effective marketing strategies that appeal to their target audience.
The consumer's level of involvement can lead to two types of buying decisions: extended problem-solving and limited problem-solving.
The level of involvement of a consumer in a buying decision can determine the type of buying decision they make. When a consumer is highly involved and has a lot at stake in the decision, they are more likely to engage in extended problem-solving, which involves a lot of research, evaluation, and consideration of alternatives. On the other hand, when a consumer is less involved and has less at stake, they are more likely to engage in limited problem-solving, which involves less research and evaluation and is often based on habitual behavior or brand loyalty.
Extended problem-solving involves a high level of consumer involvement, where the buyer conducts extensive research, evaluates alternatives, and considers the risks before making a decision. Limited problem solving involves a lower level of consumer involvement, where the buyer makes a decision based on previous experiences or minimal research. The correct option is (b) extended problem solving; limited problem-solving.
Learn more about brand loyalty: https://brainly.com/question/31664256
#SPJ11
PLZ HELP ON TIMER CARRERS!!!!! 15 POINTS
The advantages of being an entrepreneur are _____.
a.
excitement, independence, and financial risk
b.
flexibility, independence, and salary potential
c.
short working hours, independence, and financial risk
d.
administration, short working hours, and excitement
Please select the best answer from the choices provided
Answer:
B.
Explanation:
It seems most reasonable.
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
Differentiate between norminal wages and real wages
Answer:
A norminal wage is not adjusted for inflation and real wage is adjusted for inflation
NEED HELP!!
Taxes are payments to the blank the are required by law. You need to file a tax return each blank.
Answer:
year
Explanation:
Answer:
Government and year I believe
Profit is revenue minus expenses. If your profit is $3,000 and your revenue is $50,000, what are your expenses?
(1) What role does emotional intelligence play in the
workplace for (a) top executives/leaders, (b) managers/supervisors,
and (c) non-supervisory employees?
(2) Do you believe emotional intelligence
(1) Role of emotional intelligence in the workplace:
Emotional intelligence plays an essential role in the workplace as it affects the overall organizational culture and employee productivity. Emotional intelligence, also referred to as EQ, is the ability to perceive, understand and regulate emotions. A high level of emotional intelligence is beneficial to both the individual and the company.
(a) Top executives/leaders: A strong emotional intelligence level can help top executives/leaders to lead with empathy and understanding. EQ can help to create a positive workplace culture, improve employee satisfaction and retention, and drive business growth.
(b) Managers/supervisors: Managers/supervisors with strong EQ can manage their team better by providing them with the right support and helping employees to develop their emotional intelligence.
(c) Non-supervisory employees: Non-supervisory employees with higher emotional intelligence can maintain healthy relationships with coworkers, be more productive, and provide better customer service.
(2) Opinion on emotional intelligence: Yes, I believe that emotional intelligence is vital in the workplace as it contributes to the overall success of the company. EQ enables individuals to recognize their emotions and those of others and help build strong relationships. When individuals with high emotional intelligence are hired, it benefits the company in several ways. For instance, they are better equipped to manage and resolve conflicts, enhance teamwork, and facilitate communication.
As a result, they contribute to the creation of a more positive and productive work environment. The importance of emotional intelligence cannot be understated, and employers must incorporate EQ into their recruitment and hiring processes.
Learn more about emotional intelligence, visit here,
https://brainly.in/question/19299660
#SPJ11
The producers of Power Drink promote their drink over Energy Plus Drink in their advertisements. This type of advertisement is referred to as
Answer: Competitive advertising
Explanation:
The advertisement above is referred to as a competitive advertisement. Competitive advertising is referred to as a form of advertising whereby a particular business shows that it's superior thdn others who produce identical products.
The producers of Power Drink promoting their drink over Energy Plus Drink in their advertisements is competitive advertising. This is done to influence the choice made by a market and also generate more revenue.
can someone recommend me some research topics for economics.would really appreciate if it is in a list
Explanation:
here are some research topics for economics::
1. The effect of income changes on consumer choices
2. The effect of labor force participation on the economy and budget – A comparison
3. The impact of marital status on the labor force composition: A case of [your country] economy
4. The difference in the consumption attitude in [your country] over the last decade – Critical analysis of consumer behavior trends
5. The relationship between salary levels and ‘economic convergence’ in [your country]?
6. Analyzing salary inequalities in [your country] and the forces behind such inequalities.
7. The evolution of consumption in [your country] over the last 10 years: Trends and consumer behavior.
8. Dynamics of the Gini index as a reflection of the problem of inequality in income
9. Cashless economy: The impact of demonetization on small and medium businesses
10 Privatization of Public Enterprises and its implications on economic policy and development
Which of the following is an example of indirect finance?
Group of answer choices
Amazon floats new bonds on the market
James Bond deposits $10,000 in Citi Bank
A Japanese firm buys Mortgage Backed Securities sold by Freddie Mac in the U.S. market
a Chinese investor buys $1 million worth of newly issued T-Bills
A Japanese firm buys Mortgage Backed Securities sold by Freddie Mac in the U.S. market.
Indirect finance refers to a situation where funds flow through financial intermediaries rather than directly from savers to borrowers. Among the given options, a Japanese firm buying Mortgage Backed Securities (MBS) sold by Freddie Mac in the U.S. market is an example of indirect finance.
In this scenario, the Japanese firm is not directly providing funds to a borrower but instead purchasing MBS, which are financial instruments backed by a pool of mortgages. By investing in MBS, the Japanese firm indirectly provides funds to borrowers who obtained mortgages from Freddie Mac, a government-sponsored enterprise that purchases and securitizes home loans.
Financial intermediaries, such as Freddie Mac, play a crucial role in facilitating indirect finance. They act as intermediaries between savers and borrowers, pooling funds from various sources (such as the Japanese firm) and channeling them to borrowers in need of financing.
This indirect form of financing allows for the diversification of risks and the mobilization of funds on a larger scale. It enables savers to invest their money in various financial instruments, such as MBS, which provide a return on investment while supporting lending activities in the economy. Additionally, it allows borrowers to access capital from a wider pool of investors, enhancing liquidity and facilitating economic growth.
Learn more about Mortage
brainly.com/question/32087399
#SPJ11
the relationship between the quantity of output created and the quantity of inputs needed to create it is called a) the capital accumulation function. b) technological knowledge. c) the production function. d) human capital.
the relationship between the quantity of output created and the quantity of inputs needed to create it is called the production function.
What is production function?
The relationship between the quantity of output and the various quantities of inputs utilized in the production process is represented by the production function. In other terms, it refers to the overall result of the chosen combination of inputs.
Production function is, in general, the process of turning raw materials into completed products. These resources are categorized as either natural resources, land, labor, or capital. Depending on the type of business, these could be either fixed or variable.
The physical connection between these inputs and the output is established by this function. The effectiveness of this connection is dependent on the various input quantities, output quantities, and productivity at each stage. With algebra, it can be demonstrated:
(I1, I2, I3, I4, and Zn) = O
O being the amount of output
I1, I2, I3 = Number of various inputs
Learn more about Production function from the link below
https://brainly.com/question/25672041
#SPJ4
When interviewing, you should always try to lean towards the more formal side. In general, you would want to dress one step higher than those who currently work there
Answer: False, it'll be right to appear moderate and coperate
Explanation:
When attending interviews it's advised you put on your best behavior and look good. It won't be encouraging to out-dress the existing workers, it won't speak fantastic to dress better bit it's required to look good and moderate
The primary role of the human resource department of an organization is to
Answer:
Human Resources (HR) is concerned with the issues of managing people in the organisation. two men having a meeting The Human Resources department is responsible for many people related issues in an organisation. Under the HR department’s remit are the following roles: The process of recruiting suitable candidates for the organization Identifying and meeting the training needs of existing staff Ensuring employee welfare and employee relations are positive Ensure the working environment is safe for employees Raising awareness of current workplace legislation
what should you consider regarding auto insurance before buying a vehicle
Answer:both a and c
Explanation:
i did the quiz
Which of the following is the basis of all slides in a presentation?
O Placeholders
O Slide Masters
O Theme
O Variant
The Placeholders is the basis of all slides in a presentation.
The Placeholder is a feature on the presentation interface which is a pre-formatted content for text, graphics, video, clip arts etc
The Placeholder allows the user to format their slides easily and consistently.
Therefore, the Option A is correct because the Placeholders is the basis of all slides in a presentation.
Learn more about this here
brainly.com/question/12158140
In a hypothetical country, Nominal GDP has increased by 5%. Which of the
following must be true? (1 point)
Prices have increased.
Either price, economic output, or both has increased.
The quantity of economic output has decreased.
The quantity of economic output has increased.
As a result of an increase in nominal GDP, we can infer that Either price, economic output, or both has increased.
Nominal GDP can increase when:
An increase in price makes the final price of goods and services more than it was before An increase in economic output means that more goods and services are being produced that increase GDPThere is also the chance that both of these could happen at the same time. This would increase the Nominal GDP by a higher rate.
In conclusion, a rise of nominal GDP could come from either or both of those factors.
Find out more at https://brainly.com/question/13342564.
Rina is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Rina has only 20 hours this week that she can devote to training. Each hour she spends swimming is an hour that she can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?
A.Juanita can use time most efficiently by spending the same amounts of time on swimming, biking, and running.
B. People face trade-offs
C. People usually exploit opportunities to make themselves better off.
D. Juanita has an incentive to spend more time on swimming than on biking or running.
The basic principle of individual choice which these statements best illustrate is:
B. People face trade-offsWhat is Choice?This refers to the ability of a person to make selections based on what he wants and what he can purchase.
With this in mind, we can see that Rina is training for a triathlon and because of this, she undergoes rigorous training and she makes use of her time effectively and this is an example of People face trade-offs
Read more about choices here:
https://brainly.com/question/25823499