1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ruslelena [56]
2 years ago
13

Suppose Susie can own 100 turkeys or 5 peacocks. What is the opportunity cost of owning one peacock?

Business
1 answer:
joja [24]2 years ago
6 0

Based on the number of peacocks and turkeys that can be owned, the opportunity cost of one peacock is<u> 20 turkeys. </u>

<h3>What is opportunity cost?</h3>
  • Refers to the benefit that we forego when we choose an alternative over another.

In this scenario, Susie can either have 100 turkeys or 5 peacocks. The opportunity cost of a single peacock would be:

<h3>Opportunity cost of peacock </h3>

= Number of turkey / Number of peacock

= 100 / 5

= 20 turkeys

In conclusion, opportunity cost of a single peacock is 20 turkeys.

Find out more on opportunity cost at brainly.com/question/3597509.

You might be interested in
GDP excludes the value of goods produced at home. many items are counted twice or more in the intermediate stages of production.
Softa [21]

Answer:

False

Explanation:

GDP or gross domestic product value is a measure of the total value of all products and services produced within the boundaries of a country in a given time. It factors all products, regardless of who manufactures them, whether foreigners or locals, men or women. To avoid double-counting, GDP considers finished products only.

In calculating GDP, economists will deduct the cost of imports. The reason is that imports are produced in foreign countries. The value of GDP indicates whether the economy is expanding or contracting. An increase in GDP shows economic growth in the country. An increase in capital goods, human capital, labor force, technology,  contribute to economic growth.

7 0
3 years ago
At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Ba
Varvara68 [4.7K]

Answer:

b. Products were overcosted in 2013

Explanation:

When determining the cost of a product, we consider only the Overheads Applied.

<u>Applied Overheads are calculated as :</u>

Pre-determined Overhead Rate <em>multiplied by </em>Actual Activity

<u>Predetermined Overhead Rate is calculated as follows :</u>

Budgeted Overheads <em>divided by</em> Budgeted Activity

Predetermined Overhead Rate = $25,000/2,000 units

                                                     = $ 12.50 per unit

Applied Overheads = $ 12.50 per unit × 2,200 units

                                 =  $ 27,500

The Overheads Applied are then <em>Compared to</em> Actual Overhead Cost to determine is the Overheads where Over or Under Applied

<u>Therefore our case presents the following:</u>

Applied Overheads ($ 27,500) >Actual Overheads ($25,000)

Therefore, we have an Over-Application situation.

Over-Applied Overheads are $2,500

3 0
3 years ago
Rice imports to a nation under a quota limit of 8,500 tons are charged a tariff of 15 percent. imports of rice above the quota l
Ratling [72]
The appropriate response is Tariff-quota. Tariff quotas might be recognized from import shares. A tax portion allows the import of a specific amount of a product obligation free or at a lower obligation rate, while amounts surpassing the standard are liable to a higher obligation rate. An import portion, then again, limits imports totally.
3 0
3 years ago
__________ worth, a frequently used measure of wealth, refers to the value of savings and checking accounts, real estate, automo
Anna11 [10]
Net worth is the answer
5 0
2 years ago
Monty Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,800 Allowance for
creativ13 [48]

Answer: The following journal entries apply:

a) Debit Bad debt expense                                    $32,727.6  

  Credit Allowance for doubtful accounts            $32,727.6

b) Debit Bad debt expense                                    $37,017.6  

  Credit Allowance for doubtful accounts            $37,017.6

Explanation: All the sales revenue are on credit to the tune of $806,700, however, there was sales return and allowance of $51,060, which has to be deducted from credit sales to arrive at the net credit sales of $755,640. This amount would be added to the accounts receivable of $132,800 to arrive at the total accounts receivable of $888,440.

a) 4% of $888,440 is $35,537.6. With credit balance of $2,810 in allowance for doubtful accounts, bad debt expense (addition) is $32,727.6  ($35,537.6 - $2,810).

b) 4% of $888,440 is $35,537.6 and there is a debit balance of $1,480 in allowance for doubtful accounts, bad debt expense (to reinstate allowance account to $35,537.6) is $37,017.6 ($35,537.6 + $1,480).

3 0
3 years ago
Other questions:
  • A factory machine was purchased for $393000 on January 1, 2018. It was estimated that it would have a $74000 salvage value at th
    10·1 answer
  • In its first month of operations, Novak Company made three purchases of merchandise in the following sequence: (1) 190 units at
    13·1 answer
  • Yankee Tours provide seven-day guided tours along the New England coast. The company pays its guides a total of $100,000 per yea
    8·1 answer
  • Fitzgerald Company wrote checks totaling $34,160 during October and $37,300 during November. $32,480 of these checks cleared the
    15·1 answer
  • In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of
    6·1 answer
  • Imagine you are applying for a job, and explain how you would be a good candidate based on your experience
    5·1 answer
  • Amanda has been keeping a public blog about her time spent as a foreign exchange student. She allows for people to comment and s
    5·1 answer
  • here is ongoing debate among U.S. policymakers whether the role the government in the healthcare system should be expanded or re
    6·1 answer
  • Customer value is the relationship between benefits and the sacrifice necessary to obtain those benefits?
    5·1 answer
  • Caroline, the store manager at a jewelry store, conducts statewide market research and collects data on customer preferences tow
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!