You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are measured in dollars, but the benefits of the vacation are psychological. How can you compare the benefits to the costs

Answers

Answer 1

Answer:

Answer:

Explanation:

The comparison of psychological benefits to actual tangible costs depends on the individual in question. If the individual is constantly stressed to the point which the stress is affecting his/her health, work performance, mood, behavior around family, etc. then the tangible costs of going on vacation may be worth it. This is because a vacation would provide a moment of relaxation which would relieve all of that individual's stress and in doing so improve the individual's work performance, health, and overall quality of life. Therefore, the comparison between physical benefits to costs is always going to be a personal opinion.

Related Questions

A bottle of wine costs $8 and a quiche, $5. At Robert's present levels of consumption, he spends all his income and receives marginal utility of $10 from the last bottle of wine and marginal utility of $4 from the last quiche. To maximize his total utility, Robert should a. buy less wine and more quiche. b. buy more wine and less quiche. c. spend all of his money on wine. d. spend all of his money on quiche.
Producers' total revenue will decrease if A. The price rises and demand is inelastic. B. income increases and the good is a normal good. C. the price rises and demand is elastic. D. income falls and the good is an inferior good.
Avon was known as the company that sold cosmetics door-to-door for a long time. In order to grow and reach new markets it began to sell jewelry through its door-to-door sales force. This involved marketing new products through existing channels of distribution. It also is now selling its products by mail order and has opened retail stores. Avon is an example of a company effectively using which strategy? A. product development strategy B. diversification strategy C. market penetration strategy
Lyons Company deducts insurance expense of $210,000 for tax purposes in 2018, but the expense is not yet recognized for accounting purposes. In 2019, 2020, and 2021, no insurance expense will be deducted for tax purposes, but $70,000 of insurance expense will be reported for accounting purposes in each of these years. Lyons Company has a tax rate of 40% and income taxes payable of $180,000 at the end of 2018. There were no deferred taxes at the beginning of 2018. Reference: Ref 19-5 What is the amount of income tax expense for 2018? A. $180,000 B. $210,000 C. $264,000 D. $252,000
In an assembly operation at a furniture factory, 4 employees assembled an average of 600 standard dining chairs per 6-day work week. What is the labor productivity of this operation

"Charles Dow was the original editor of the Wall Street Journal. He was the originator of ""Dow Theory,"" which holds that the prices of transportation stocks, such as Heartland Express, can predict changes in the price of industrial stocks, such as ExxonMobil. a. An article in the Wall Street Journal refers to Dow Theory as the ""granddaddy of technical analysis."""b. Would an investor be able to earn an aboveaverage return on her stock investments by selling industrial stocks whenever she saw declines in transportation stocks and buying industrial stocks whenever she saw increases in transportation stocks? Briefly explain.

Answers

Answer:

Answer is explained in the attachment.

Explanation:

Decision Making Mystic Bottling Company bottles popular beverages in the Bottling Department. The beverages are produced by blending concentrate with water and sugar. The concentrate is purchased from a concentrate producer. The concentrate producer sets higher prices for the more popular concentrate flavors. A simplified Bottling Department cost of production report separating the cost of bottling the four flavors follows: A B C D E
1 Orange Cola Lemon-Lime Root Beer
2 Concentrate $ 4,625 $129,000 $ 105,000 $ 7,600
3 Water 1,250 30,000 25,000 2,000
4 Sugar 3,000 72,000 60,000 4,800
5 Bottles 5,500 132,000 110,000 8,800
6 Flavor changeover 3,000 4,800 4,000 10,000
7 Conversion cost 1,750 24,000 20,000 2,800
8 Total cost transferred to finished goods $19,125 $391,800 $324,000 $36,000
9 Number of cases 2,500 60,000 50,000 4,000
10 Beginning and ending work in process inventories are negligible, so they are omitted from the cost of production report. The flavor changeover cost represents the cost of cleaning the bottling machines between production runs of different flavors.
Determine the cost per case for each of the four flavors. Round your answers to two decimal places
Orange Cola Lemon-Lime Root Beer
per case $_____ $_____ $_____ $_____

Answers

Answer and Explanation:

As per the scenario the solution of cost per case for each of the four flavors is shown below:-

Particulars Orange Cola Lemon Lime Root Beer

Total Cost

transferred to

finished goods a $19,125 $391,800 $324,000 $36,000

Number of cases b 2,500 60,000 50,000 4,000

Cost Per Case $7.65 $6.53 $6.48 $9

(c = a ÷ b)

Therefore we divide the total cost transferred to finished out by number of cases to figure out the cost per case.

Your parents are giving you $190 a month for 4 years while you are in college. At an interest rate of .45 percent per month, what are these payments worth to you when you first start college?

Answers

Answer:

Amount $= 2827.2$ dollars

Explanation:

Given

principal amount per month $= 190$

Total time period $= 4$ years $= 48$ months

Monthly rate of interest $= 0.45$

As we know that

$A = P * (1+ (r)/(n)) ^(nt)$

Where A is the amount

P is the principal amount

r is the rate of interest

n is the number of times interest applied over the total time period

t is the total time period

Substituting the given values in above equation, we get -

$A = (190 * 12) * ( 1 + 0 .0045)^(48)\nA = 2280 * 1.24\nA = 2827.2$

Final answer:

The payments of $190 per month for 4 years that your parents are giving you at the start of college, assuming an interest rate of .45 percent per month, are worth $7484.86.

Explanation:

The subject of this question is about calculating the present value of an annuity. The formula to calculate the present value of an annuity is PV = PMT * [(1 - (1 + r)^-n) / r], where PV is the present value, PMT is the monthly payment, r is the monthly interest rate, and n is the number of periods. Here PMT = $190, r = .45/100 = .0045, and n = 4 * 12 = 48 months.

Substituting the values into the formula, we get PV = 190 * [(1 - (1 + .0045)^-48)/.0045]. Then, performing the calculations, we get the present value PV = $7,484.86. Therefore, the payments your parents are providing for the 4 years of college are worth $7484.86 when you first start college assuming an interest rate of .45 percent per month.

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Sylvia is conducting a job analysis for the level one and level two account manager positions at her firm. In doing so, she should consult all of the following EXCEPT __________.a. the Dictionary of Occupational Titles
b. role incumbents
c. supervisors
d. job applicants

Answers

Answer:

Option d: Job applicant

Explanation:

A job is simply defined as a group of related activities/duties.

Job Analysis is simply the task of collection information about the job that is to identification of tasks, duties, responsibilities and others that is done by human resources (HR) department, by observing, surveys, interviews, and other means. In Job analysis, there are different people or unit to consult in an organization when carrying it out e. g supervisor. A job applicant have no business with a job analysis as it is not up to them or within their domain/jurisdiction.

Relate systems management theory

Answers

Explanation:

Management theories are concepts surrounding recommended management strategies, which may include tools such as frameworks and guidelines that can be implemented in modern organizations. Generally, professionals will not rely solely on one management theory alone, but instead, introduce several concepts from different management theories that best suit their workforce and company culture.

Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,600 units)$108,000 Variable expenses 49,680 Contribution margin 58,320 Fixed expenses 44,300 Net operating income$14,020 If the company sells 4,300 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)

Answers

Answer:

$69,660

Explanation:

For computing the contribution margin first we have to determine the contribution margin per unit which is shown below:

Contribution margin per unit = Contribution margin ÷ Number of units

= $58,320 ÷ 3,600 units

= $16.2

Now if the sales unit is 4,300 so the contribution margin is

= Sales units × contribution margin per unit

= 4,300 units × $16.20

= $69,660

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Crystal Glassware Company issues $1,042,000 of its 14%, 10-year bonds at 97 on February 28,2019. The bonds pay interest on February 28 and August 31. Assume that Crystal uses thestraight-line method for amortization. What net amount will be reported for the bonds on theAugust 31, 2019 balance sheet?A) $1,010,740 B) $1,012,303 C) $1,009,177 D) $1,042,000

You consider buying a share of stock. The stock is expected to pay a dividend of $1.50 next year, and dividends are expected to grow by 5% per year forever. What is the stock price now if the stock's beta is 1.1, rf is 6%, and E[rm]

A number of activities that are a part of a company's quality control system are listed below: a. Product testing.b. Product recalls. c. Rework labor and overhead. d. Quality circles. e. Downtime caused by defects. f. Cost of field servicing. g. Inspection of goods. h. Quality engineering. i. Warranty repairs. j. Statistical process control. k. Net cost of scrap. I. Depreciation of test equipment. m. Returns and allowances arising from poor quality. n. Disposal of defective products. o. Technical support to suppliers. p. Systems development. q. Warranty replacements. r. Field testing at customer site. s. Product design. Required: 1. Classify the costs associated with each of these activities into one of the following categories: prevention cost, appraisal cost, internal failure cost, or external failure cost. 2. Which of the four types of costs in (1) above are incurred in an effort to keep poor quality of conformance from occurring? Which of the four types or costs in (1) above are incurred because poor quality of conformance has occurred?