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spin [16.1K]
2 years ago
11

If a family spends its entire budget in a given time frame, the family can afford either 10 restaurant meals or 30 home meals. A

ssuming the family spends its entire budget on just these two goods, what is the opportunity cost of one extra restaurant meal in the time frame? (Round your answer to two decimal places.)
Business
1 answer:
Andrej [43]2 years ago
7 0

The opportunity cost of one extra restaurant meal in the time frame is 3 home meals.

<h3>What is opportunity cost?</h3>

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. When the family chooses to go for the restaurant meal, they forgo the opportunity for a home meal.

Opportunity cost  = 30 / 10 = 3

To learn more about opportunity cost, please check: brainly.com/question/26315727

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Sales revenue for a sporting goods store amounted to $ 535 comma 000 for the current period. All sales are on account and are su
Serhud [2]

Answer:

Explanation:

The journal entry is shown below:

Account receivable A/c Dr $593,850

         To Sales tax payable A/c      $58,850                 ($535,000 × 11%)

          To Sales revenue A/c          $535,000

(Being sale is made on credit)

The account receivable amount includes both the sales tax payable and the sales revenue amount.

4 0
3 years ago
The Affordable Care Act provides that individuals and families may take a tax credit called the ______ to help them purchase hea
scZoUnD [109]

The Affordable Care Act provides that individuals and families may take a tax credit called the <em>Health Insurance Premium Tax Credit </em>to help them purchase health insurance.

<h3>What is Affordable Care Act? </h3>

The Affordable Care Act was enacted to reduce the cost of health insurance coverage for people who qualify for it.

The law of the Affordable Care Act make provision for premium tax credits and cost-sharing reductions to help the lower-income group.

Hence, the Act provides that individuals and families may take a tax credit called the <em>Health Insurance Premium Tax Credit </em>to help them purchase health insurance through a health insurance exchange.

Therefore, the Option C is correct.

Read more about Affordable Care Act

<em>brainly.com/question/15003073</em>

7 0
3 years ago
The number one reason for failure of new business is
Ipatiy [6.2K]
The number one reason for failure of a new business is poor management.


Hope that helped! (:
4 0
3 years ago
Bolivia has about 50% of the world's reserves of lithium. It is also a major producer of zinc. Suppose that Bolivia produced onl
frosja888 [35]

Answer: attainable and efficient

Explanation:

3 0
3 years ago
Kart Inc., a publishing house, allows employees to log in at their preferred time and log off after completing eight hours. It d
Naddik [55]

Answer:

flexible time

Explanation:

Since their work time is not fixed, these employees have flexible work time. Often, this kind of working time is deemed to be a non-financial work benefit, as most people prefer to define their own work time. Sometimes, it is debated if this is really beneficial for the employees.

Nonetheless, they do have to respect their daily work time slot,

3 0
3 years ago
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