Answer: A.
Explanation:
By definition, opportunity cost is the amount or value of something you gave up for another good.
For example: say you value sleeping in at $5 value going to class at $4. You decide to get up and go to class, the $4 value. Therefore, your opportunity cost is what you gave up (sleeping in) for another good/choice (going to class), is $5 since you valued sleeping in at that.
In most cases for this type of questions you would have to use a calculator, since this is not a value that can be approximated. Do you have an inverse normal function on your graphical calculator?
Answer and Explanation:
The journal entries are shown below:
On September 1
Cash $520
Sales $520
(Being the sale is recorded)
On September 1
Cost of goods sold $220
To Merchandise inventory $220
(Being the cost is recorded)
On September 1
Warranty expense $41.6 ($520 × 8%)
To Estimated warranty liability $41.60
(Being the warranty expense is recorded)
On July 24
Estimated warranty liability $36
To Repair parts inventory $36
(Being the estimated warranty liability is recorded)
Answer:
The answer is: D) frame
Explanation:
A human sampling frame is a list of individuals that you can draw a sample from.
For example, the firefighters bought the list of donors for finding potential donors for their cause. This list of donors would be considered the sampling frame and the donors that actually donate to them would be the sample.
