StoreLocal Shoe StoreDifferent Neighborhood in TownRural OutletTravel Time Each Way(Minutes)1530StoreLocal Shoe StoreDifferent Neighborhood in TownRural Outlet60Price of a Sneakers(Dollars per sneakers)1189678Juanita earns an hourly wage of $26 at her job. In order to purchase her sneakers she will have to take time off work, so each hour away from hercosts her $26 in lost income. Assume that Juanita's travel time is the same each way (to and from the store) and that it will take her 30 minutes onshe reaches a store to complete her shopping. Assume throughout the question that Juanita incurs no additional costs other than the sneakers, sucas gas.Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.Opportunity Cost of Time(Dollars)Price of a Sneakers(Dollars per sneakers)1189678Total Cost(Dollars)Assume that Juanita considers both her opportunity costs and the price of sneakers when making her shopping decision. Juanita will minimize her costof buying the sneakers if she shops at the

The cost of a product refers to the total amount of expenses incurred to produce or acquire a…

Answered: Store Local Shoe Store Different…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 5PB: Blake Cohen Painting Service specializes in small paint jobs. His normal charge is $350/day plus...

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Store Travel Time Each Way (Minutes) Price of a Suit (Dollars per suit) Local Department Store 15 122 Across Town 30 90 Neighboring City 60 78 Juanita makes $60 an hour at work. She has to take time off work to purchase her suit, so each hour away from work costs her $60 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Store Opportunity Cost of Time (Dollars) Price of a Suit (Dollars per suit) Total Cost (Dollars) Local Department Store 122 Across Town 90 Neighboring City 78 Assume that Juanita takes opportunity costs and the price of the suit into consideration when she…
Blake Cohen Painting Service specializes in small paint jobs. His normal charge is $350/day plus materials. Moesha needs her basement painted. Blake has produced a bid for $1 500 to complete the basement painting. Blake completed a cost estimate for his service as shown. A. Moesha mentions that she cant pay the $1500. She is a widow and you feel an obligation to take care of widows but cant lose money. How much would you charge and still be able to make a profit? B. Moesha has asked you to paint the rest of her house. Could you continue to give her the same deal?
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Question A The basic needs standard for a family of four is $420.00. The total income for the Smith family of four is $180.00 per month, of which the first $30.00 plus one-third of the remainder is disregarded in determining countable income. The amount of the payment is based upon a reduced standard of 75% of the basic needs standard less the family's countable income. How much will the Smith family receive per month if they apply for assistance? A) $106.00 B) $225.00 C) $331.00 D) $346.00 E) None of the above. Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line
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Question text Gina Flores, a full time student at TSTC is employed by The Boot Jack as a salesperson. Her hourly rate is $5.25. For one week, Ms. Flores worked 33 1/4 hours. Ms. Flores' earning for the week are: Is the hourly rate in violation of the FSLA? Explain why/why not. If the hourly rate is in violation of the FLSA, the amount The Boot Jack should pay Ms. Flores is:

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