QUESTION 1Manny has two job offers:1. Financial analyst at $80,000 salary, with little timefor leisure.2. Nonprofit program manager at $50,000 salary.This job will give him free time that he values at$20,000.What is the opportunity cost of taking the financialanalyst job?$30,000$50,000$70,000$80,000

In accounting, opportunity cost is the expense of choosing one course of action over another. It is…

Answered: Manny has two job offers: 1. Financial…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Manny has two job offers: 1. Financial analyst at $80,000 salary, with little time for leisure. 2. Nonprofit program manager at $50,000 salary. This job will give him free time that he values at $20,000. What is the opportunity cost of taking the financial analyst job? $30,000