Solution :
a). Opportunity cost
In the field of economics, Opportunity cost may be defined as the loss of a potential gain when some other alternatives are chosen from a given set of opportunities.
b). efficiency
c). Our professor presents us the incentives for major in economics.
d). I can complete the project via specialization more efficiently rather than doing it all each part of the project together.
Answer: Fundamental attributional error.
Explanation:
Frank is making a fundamental attributional error when judging the cause of Anna's inability to meet sales target. Frank is blaming her failure based on her character rather than on the real reason which is the attractive sales offer of their competitors. Fundamental attributional error is an error which arises from judging a person's action based on their character without considering other possible external causes.
Answer:
The monthly payment will be $434
Explanation:
Price of New car = $21,900
Price of old car exchanged = $2,350
Cash Payment = $850
Amount of Loan = $21,900 - $2,350 - $850
Amount of Loan = A = $18,700
Rate of interest = r = 6% = 0.06 = 0.005 per month
Number of total periods = 12 x 4 = 48
P = $18500 / { [ ( 1 + 0.005 )^48 ] - 1 } / [ 0.005 ( 1 + 0.005)^48 ]
P = $18500 / [ 0.2704891611 / 0.006352446 ]
P = $18500 / 42.58
P = $434.47
Answer:
Cash 2,157 debit
bank service expense 85 debit
account receivables 2,242 credit
Explanation:
To record the bank memorand:
The collection in behalf of the firm will increase cash
The new print the checks will be considered either miscellaneuos expense or bank service expense either way, will decrease cash.
Net cash variation: 2,242 - 85 = 2,157
For the Company errors another entry will be made looking for errors between our numebrs and the bank.
Answer:
Priscilla's homemade dividend per share be in 2017 will be $3.585
Explanation:
In order to calculate what will be Priscilla's homemade dividend per share be in 2017 we would have to use the following formula:
homemade dividend=(Dividend in 2016×(1+Required rate))+Dividend in 2017
homemade dividend=($1×(1+8.5%))+$2.50
homemade dividend=$1.085+$2.50=$3.585
Priscilla's homemade dividend per share be in 2017 will be $3.585