The opportunity cost of attending college is likely to be highest for a high school graduate a. who is capable of playing a well-paid professional sport. b. who has access to student loans. c. whose family is extremely wealthy. d. who is very intelligent.
Answer:
d. who is very intelligent.
Explanation:
An opportunity cost refers to the opportunities that are sacrificed when choosing to take another opportunity. In this case, the opportunity cost would be highest on a high school graduate who is very intelligent. That is because instead of going to college they could use that time to take up another opportunity that would make them more money than a college education ever could.
The price of soft drinks increases. Which of the following is not part of the likely chain of events that follows from this price change? A. Producers of soft drinks increase their production of soft drinks. B. The manufacturers of soda−canning machines lay off some workers. C. Some consumers of soft drinks reduce their consumption of soft drinks. D. The demand for fruit juices increases.
Answer:
The correct answer is the option B: The manafactures of soda-canning machines lay off some workers.
Explanation:
On the one hand, all of the events presented in the text will happen after the price of the good increases. And that is because of the regular laws of the economy, for example, when the price of a good increases the supply of this one will increase as well and the demand of substitutes of the product will increase as well and the demand of it will decrease.
On the other hand, the manufactures of product that are substitutes to the good will increase its production due to the fact that now their product will be more demanded because the other good have just increased in price. So it is not possible that the manufactures of soda-canning lay off some of their workers.
Within the relevant range, fixed costs ______. per unit become progressively larger as the level of activity increases remain constant in total regardless of changes in activity should not be expressed on a per unit basis when making decisions generally include rent and supervisor salaries
Answer:
The correct option is;
Remain constant in total regardless of changes in activity
Explanation:
In the field of Economics, fixed costs are costs that remain the same or does not undergo change when the quantity of produced goods or rendered service increases or decreases. Fixed cost are not dependent on the fluctuations in the level of produced goods and/or service.
Fixed cost are cost that are charged based on the duration of use of the facility, such as the rent paid for the factory premises.
Therefore, we have; within the relevant range, fixed costs remain constant in total regardless of changes in activity
To calculate ________ for a PPC campaign, you divide the total budget of the campaign by the number of customers who purchased something from your site.
Answer:
Cost of customer acquisition
Explanation:
Cost of customer acquisition is a term often used in business to describe the cost spent by a producer or supplier to acquire or win a customer to buy his or her goods and or services. For example, the cost of advertisements. It is measured over a customer lifetime value.
Hence, To calculate the Cost of Customer Acquisition for a PPC campaign, you divide the total budget of the campaign by the number of customers who purchased something from your site.
Cedarville Company pays its office employee payroll weekly. Below is a partial list of employees and their payroll data for August. Because August is their vacation period, vacation pay is also listed.
Employee Earnings to July 31 Weekly Pay Vacation Pay to Be Receive in Auguts
Mark Hamill $4,770 $290
Karen Robbins 4,070 240 $480
Brent Kirk 3,270 200 400
Alec Guinness 7,970 340
Ken Sprouse 8,570 420 840
Assume that the federal income tax withheld is 10% of wages. Union dues withheld are 2% of wages. Vacations are taken the second and third weeks of August by Robbins, Kirk, and Sprouse. The state unemployment tax rate is 2.5% and the federal is 0.8%, both on a $7,000 maximum. The FICA rate is 7.65% on employee and employer on a maximum of $128,400 per employee. In addition, a 1.45% rate is charged both employer and employee for an employee’s wages in excess of $128,400.
Required:
Make the journal entries necessary for each of the four August payrolls. The entries for the payroll and for the company's liability are made separately. Also make the entry to record the monthly payment of accrued payroll liabilities. Round all answers to 2 decimal places.
Answer:
accumulated to July 31 Weekly Pay Vacation Pay
Mark Hamill $4,770 $290
Karen Robbins $4,070 $240 $480
Brent Kirk $3,270 $200 $400
Alec Guinness $7,970 $340
Ken Sprouse $8,570 $420 $840
Entries for wages expenses:
Weeks 1 and 4:
Dr Wages expense 1,490
Cr Federal income tax withholdings payable 149
Cr FICA taxes withholdings payable 113.99
Cr Union dues withholdings payable 29.80
Cr Cash 1,197.21
Weeks 2 and 3:
Dr Wages expense 630
Dr vacation wages expense 860
Cr Federal income tax withholdings payable 149
Cr FICA taxes withholdings payable 113.99
Cr Union dues withholdings payable 29.80
Cr Cash 1,197.21
Entries for wages expenses:
Weeks 1, 2, 3 and 4:
Dr FICA tax expense 113.99
Dr FUTA tax expense 5.84
Dr SUTA tax expense 18.25
Cr FICA tax payable 113.99
Cr FUTA tax payable 5.84
Cr SUTA tax payable 18.25
Since taxes and other expenses are paid once a month, the journal entry to record their payment:
Dr Federal income tax withholdings payable 596
Dr FICA tax payable 455.96
Dr FICA taxes withholdings payable 455.96
Dr Union dues withholdings payable 119.20
Dr FUTA tax payable 23.36
Dr SUTA tax payable 73
Cr Cash 1,723.48
What significances do you attached to Tom Brady’ Answer ""I don’t believe I cheated ""?
Answer:
Tom Brady was an innocent man who does not cheated anyone in his life from his action.
Explanation:
The statement "I don't believe I cheated" is seen more complex statement. This statement has various meanings. In this statement it is said that Mr. Brady is innocent man based on his statement. He never cheated anyone in his life. He self believed that he never cheated anyone in his life.
Whatever the action Mr. Brady and his team has been taken was right because they did nothing wrong with any one with their actions. But on the other hand if we see this statement can be prove that someone is guilty who cheated. It is may be proven that the new actions of Brady is guilty, may be he cheated which is proven from his eyes.
ou decide to run a landing page experiment to test a new carousel which highlights your top performing products. Which two reports could you use to determine which products to highlight?
Answer:
Product Performance
E-Commerce Overview
Explanation:
Product Performance Report is the online instrument available to the consumers to interact with the product in the online market. It basically facilitates to record the performance of each product, as which is the maximum selling product or which the lowest selling product, etc:
E-commerce Overview report lays down the statistics of how many people actually visited to view the product vs. how many actually bought the product.
Accordingly both these tools shall help to highlight the products which perform the best. As both have the relevant data for the provided situation.
On average, households in China save 40% of their annual income each year, whereas households in the United States save less than 5%. Production possibilities are growing at roughly 9% annually in China and 3.5% in the US. Use graphical analysis of "present goods" versus "future goods" to explain the differences in growth rates.
Answer:
According to economic theory, economic growth depends largely on the rate of investment in the economy, which in turn depends on the rate of saving, because all investments must be financed by previous savings.
China's average GDP growth is much higher than American GDP growth, and while there are many other reasons for this, the difference in the rate of savings of household incomes in the two countries are part of the explanation.
Chinese households save a much larger percentage of their income than American households, meaning that they rate of growth of loanable funds for investments in China is higher than in the U.S., which boosts Chinese economic growth.
Williams Company installed smoke detectors, a sprinkler system, and fire extinguishers in its new manufacturing facility. These devices are all examples of
Answer: A) loss control.
Explanation:
Loss Control refers to any method used by a company to not only prevent loss by early detection of hazards that may lead to them but also to minimise losses if the hazard could not be stopped.
A smoke detector would for instance warn if a fire is detected so that it can be stopped and the sprinklers and fire extinguishers can be used to put out the fire once it does start.