02 May Question: 2 Supplies 770 26,100 pare a statement of retained earnings for the year ended December 31, 2017….
2 Supplies 770 26,100 pare a statement of retained earnings for the year ended December 31, 2017. TIP Assume the balance in Retained Earnings was $5,460 (million) at January 1.2017. (Enter your answers in millions .e, 10,000,000 should be entered as 10.,) of in 5,460 MacBook
Safari File Edit View History Bookmarks Window Help 5% MINDAP Frum Cene , Homework (Ch 01) Opportunity Cost of Time (Dollars) Price of a Skirt Total Cost Store (Dollars per skirt)(Dollars) Local Department Store Across Town Neighboring City 44.00 90.00X 124 90 78 16800 180.00 X 223.00 x Points: Close Explane The opportunity cost of driving to each location is what Juanita gives up to make the trip. Getting to the local store takes her 15 minutes, returning to work takes her 15 minutes (a total of 30 minutes). Shopping takes her another 30 minutes. Since she loses $44 per hour by n working, the opportunity cost of her time is (0.5x $44) +(0.5x $44) -$44. Because the price she pays at this store is $124, she faces a total cost of $44+$124 -$168. Ir Juanita buys her skoirt at the store across town, the opportunity cost of her time is 90 minutes: 30 minutes each to drive there, shop, and return to work. The price she pays is $90, so she faces a total cost of S66 +590- $156 Finaly, if Juanita buys her skirt at the store in the neighboring city, the opportunity cost of her time is 2.5 hours: 60 minutes to drive there, 30 minutes to shop, and 60 minutes to return to work. The price she pays is $78, so she faces a total cost of S110+$78188, Assume that Juanita takes ooortunity costs and the pnce o
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