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2 years ago

Can someone Plss help with this I’m not sure if that the right answer

Business

1 answer:

Step2247 [10]2 years ago

5 0

Based on the fact that you gave up the beach to study for the economics final, the opportunity cost is d. the sun and fun you gave up by studying.

<h3>What is the opportunity cost of studying?</h3>

The opportunity cost is what we give up in order to pursue our current course of action.

You gave up going to the beach and having fun in the sun so this is the opportunity cost of studying for economics.

Find out more on opportunity cost at brainly.com/question/481029.

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which of the following is omitted in a barter transaction?a) tradeb) medium of exchangec) store of valued) money

pychu [463]

Money is omitted in a barter transaction.In a barter transaction, two parties trade one basket of goods and services for another basket containing additional goods and services.

<h3>What is barter transaction?</h3>

A barter transaction entails two parties and involves the exchange of one basket of products and services for another basket including other commodities and services. without a related monetary payment.
In the alternative trading system of barter, products and services are traded directly for one another without the use of money as a middleman. For instance, a farmer may trade a pair of shoes from a shoemaker for a bushel of wheat.
Several different kinds of barter exchanges are briefly described and explained here.
Direct bartering is the direct exchange of goods or services between two or more parties.
retail barter is exchanged between small enterprises through a trade exchange that is locally arranged.

To learn more about barter transaction refer to:

brainly.com/question/1296806

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8 0

1 year ago

Ford Motor Company's use of company resources to build its River Rouge Plant outside of Detroit so that iron ore could enter int

Alenkinab [10]

Answer:

Vertical growth

Explanation:

Vertical growth occurs when a company sets up operations and distribution channels for a new product. There is an expansion from its traditional product offering.

Vertical growth aims to increase control of distribution and suppliers and scaling of product within existing line of production.

Ford motor's initiative in setting up its River Rouge Plant outside of Detroit so that iron ore could enter into one end of the plant and a finished automobile could exit out of the other end is vertical growth.

3 0

3 years ago

REM Real Estate received a check for $27,000 on July 1 which represents a 6 month advance payment of rent on a building it rents

vovikov84 [41]

Answer:

Debit Unearned Rent Revenue $4,500

Credit Rent revenue $4,500

Explanation:

Amount received in advance is recorded as a debit to cash account and a credit to deferred or unearned revenue. When revenue is earned, the amount earned is credited to revenue and debited to the deferred revenue account.

As such, where REM Real Estate received a check for $27,000 on July 1 which represents a 6 month advance payment of rent on a building, initial entries required are

Debit cash account $27,000

Credit Unearned Rent Revenue $27,000

when financial statements are prepared for July 31, one month revenue would have been earned. This is equivalent to

= 1/6 × $27,000 = $4,500

Adjusting entries required

Debit Unearned Rent Revenue $4,500

Credit Rent revenue $4,500

7 0

3 years ago

You plan on saving for a large home improvement project using the following cash flows: $50,000 today, $25,000 next year, and $1

lesya692 [45]

Answer:

Total= $98,000

Explanation:

Giving the following information:

You plan on saving for a large home improvement project using the following cash flows: $50,000 today, $25,000 next year, and $10,000 the following year. The account earns a 10% return per year.

We need to use the following formula:

FV= PV*(1+i)^n

FV= 50,000*1.10^2= 60,500

FV= 25,000*1.1= 27,500

FV= 10,000

Total= $98,000

8 0

3 years ago

Exercise 5-15B Record notes receivable and interest revenue (LO5-7) On March 1, Company A provides legal services to Company B r

Alex787 [66]

Answer:

March 1: Note acceptance

Debit Note receivable $9,100

Credit Accounts receivable $9,100

<em>(To record note receivable from Company B)</em>

Sept 1: Cash collection

Debit Cash $9,100

Credit Note receivable $9,100

<em>(To record cash collection of note receivable)</em>

Debit Cash $364

Credit Interest receivable $364

<em>(To record cash collection of interest receivable on note)</em>

Explanation:

Note is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest revenue on the note is calculated as: Principal x Interest Rate x Time

The total interest revenue is $9,100 x 8%/12 x 6 months = $364.

Monthly interest revenue is therefore $364 / 6 months = $60.67.

<em>The 6 months is from March 1 to Sept. 1.</em>

On a monthly basis, Company A would accrue for the interest revenue as follows:

Debit Interest receivable $60.67

Credit Interest revenue $60.67

<em>(Interest accrual on notes receivable)</em>

6 0

3 years ago