Estimating the opportunity cost

Reference no: EM131128830

Image text transcribed for accessibility: Estimating the Opportunity Cost. Julia brings home $1,690 per month after taxes. Julia?s rent is $377 per month, her utilities are $111 per month, and her car payment is $282 per month. Julia is currently paying $211 per month to her orthodontist for her braces. Julia? groceries cost $37 per week and she estimates her other expenses to be $172 per month. As a result, she has $389 left each month to put toward savings to reach her financial goals. Julia is considering trading in her car for a new one. Her new car payment will be $334 per month, and her insurance cost will increase by $58 per month. Julia determines that her other car-related expenses (gas, oil) will stay about the same. What is the opportunity cost if Julia purchases the new car? The opportunity cost if Julia purchases the new car is $. (Round to the nearest dollar.)

Reference no: EM131128830

Questions Cloud

Mill mountain coffee company currently operates : Mill Mountain Coffee Company currently operates 12 coffee shops in downtown Charlotte. The company has been losing money and wants to downsize by closing some stores.

What are the environmental changes and importance : What is meant by changing environment, its importance to an organization and the role it plays in today's modern business environment.

What kidns of problems is watson able to solve : How Powerful is Watson? Describe Its Technology. Why does it require so much powerful hardware? How "intelligent" is Watson? What can it do? What can't it do?

Cash versus stock payment : Eastman Corp. is analyzing the possible acquisition of Kodiak Company. Both firms have no debt. Eastman believes the acquisition will increase its total after tax annual cash flows by $2.6 million indefinitely. The current market value of Kodiak i..

Estimating the opportunity cost : Image text transcribed for accessibility: Estimating the Opportunity Cost. Julia brings home $1,690 per month after taxes. Julia?s rent is $377 per month, her utilities are $111 per month, and her car payment is $282 per month. Julia is currently ..

How might a gene of dna inserted into its interior : How might a gene that had a segment of DNA inserted into its interior by homologous recombination provide information about the product of the uninterrupted, normal gene?

What would happen if humans disappeared from earth : What happens to animal and plant "waste" and dead? What would happen if humans disappeared from Earth? What would happen if decomposers disappeared from Earth?

Investment be worth at the end of four years : you are interested in investing $15,000, a gift from your grandparents, for the next four years in a mutual fund that will earn an annual return of 8 percent. What will your investment be worth at the end of four years? (Round to the nearest dolla..

What measurable benefits will umuc haircuts business realize : What opportunities are being missed when each little area (scheduling, supply management, marketing, and others) has its own "stove piped" data? (Provide some examples.)

User Account

All Pages