Josh Has Decided to Take a Course at the Local

question 1

Essay

Josh has decided to take a course at the local community college that could help him get a promotion at work.The course begins at 5 p.m.and goes until 9 p.m.on Monday nights.Josh normally works until 5 p.m.each day,but because of the drive time to the community college,he will need to leave work at 3 p.m.on class days.Josh currently earns $18.50 per hour.His employer contributes 10% of Josh's gross earnings to a 401(k).If the class meets 16 times,what is Josh's total opportunity cost for the class.
(a)$592.00
(b)$800.00
(c)$651.20
(d)None

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Definitions:

Best Efforts

A commitment to perform to the best of one's capabilities but without guaranteeing a specific outcome.

Common Stock

A type of equity security that represents ownership in a corporation and entitles the holder to vote at shareholders' meetings.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a reduction in per unit cost.

Issuance Size

Refers to the total amount of securities, such as bonds or stocks, that an entity offers to the public for sale.