Answer:
6.4 minutes
Explanation:
Daily average for small tools = 445
Working hours = 8, which translates to 8*60 = (480 minutes)
Waiting time =
(image of the operation in the attached file)
= [445]/[(2*35)]
= 445/70
= 6.357 minutes
Opportunity cost is defined as the loss incurred when one chooses one alternative over another.
In this scenario, the forgone option is full-time work along with other costs associated with that period when opting for schooling instead. Room and board expenses remain constant whether attending school or working full time, thus these are not factored in. Earnings from part-time work during school are deducted as they would have been earned during full-time employment.
Thus;
Opportunity cost = $20,000+$10,000+$1,000-$8,000 = $23,000
Haylie ought to consider reallocating her funds elsewhere. Given the current state where her funds are tied up for five years and her investments are at a record low, renewing them wouldn't serve her well. To prepare for her renewal, Haylie should seek various alternatives to ensure she has a strategy for reinvesting her money. She must prioritize finding a bank that offers better terms with a higher interest rate.
The answers are options 2, 3, and 4.
<span>If the hourly wage rises by ten percent next week while keeping all other expenses unchanged, the total payroll variance will increase by ten percent as well. This conclusion is based on the findings from the Smith BBQ Restaurant report.</span>