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QUESTION 5 ou currently work as a machinist for a factory. Your salary is $28,000 per year. You are thinking about quitting your job and bing back to college. It will take you two years to obtain your college degree. Tuition and other costs of the education will total 4,000. You also intend to keep your car by making $250 per month payments out of your savings. How much is the oportunity cost of going to college. $28,000 $56,000 $52,000 $62.000

QUESTION 5 ou currently work as a machinist for a factory. Your salary is $28,000 per year. You are thinking about quitting your job and bing back to college. It will take you two years to obtain your college degree. Tuition and other costs of the education will total 4,000. You also intend to keep your car by making $250 per month payments out of your savings. How much is the oportunity cost of going to college. $28,000 $56,000 $52,000 $62.000

FINANCIAL ACCOUNTING
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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QUESTION 5 You currently work as a machinist for a factory. Your salary is $28,000 per year. You are thinking about quitting your job and going back to college. It will take you two years to obtain your college degree. Tuition and other costs of the education will total $24,000. You also intend to keep your car by making $250 per month payments out of your savings. How much is the opportunity cost of going to college. $28,000 $56,000 $52,000 $62.000 QUESTION 6 The scattergraph is a useful tool for: Analyzing abrupt changes in cost behavior Determining actual variable costs Determining the break-even point Working outside the relevant range
Transcribed Image Text:QUESTION 5 You currently work as a machinist for a factory. Your salary is $28,000 per year. You are thinking about quitting your job and going back to college. It will take you two years to obtain your college degree. Tuition and other costs of the education will total $24,000. You also intend to keep your car by making $250 per month payments out of your savings. How much is the opportunity cost of going to college. $28,000 $56,000 $52,000 $62.000 QUESTION 6 The scattergraph is a useful tool for: Analyzing abrupt changes in cost behavior Determining actual variable costs Determining the break-even point Working outside the relevant range
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