Answer:
Jane's total cost is $60,000.
Explanation:
This is because of the phenomenon called Opportunity Cost.
Simply put, opportunity cost is the cost of the next best alternative use of resources when a choice is made at the detriment of another.
We can also define it by saying, Opportunity Cost is the forgone alternative.
So we know she spent $50,000 to start her business, but would have made 10% of $100,000 which is $10,000 which is the opportunity cost, she has incurred a total cost of $60,000.
Answer:
Correct option is (D)
Explanation:
Treasury stock refers to that part of shares outstanding held by the investors that is bought back by the organization. As such, treasury stock decrease the number of shares outstanding.
Shares outstanding refers to the total number of shares held by investors currently. Difference between issued and shares outstanding represent treasury stock. It reduces both cash (asset) and total stockholder's equity of an organization.
Answer:
The correct answer is b. a unilateral contract
Explanation:
In a unilateral contract, only one of the parties generates the obligation to provide a service. In this case KFC forces itself to offer a discount as a result of printing a document to find out people's opinion about the main favorite of the Yahoo tournament. With this, KFC seeks to encourage people to submit their votes and to know the individual appreciations of the particular event.
If prices are rising, prefer LIFO. This is because the goods sold have the highest cost and the lowest taxable income. First in, first out, or FIFO, applies the earliest cost first.
Core paper. The last-in-first-out (LIFO) method assumes that the last unit to arrive in inventory, or the newest unit, will be sold first. The first in, first out (FIFO) method assumes that the oldest SKUs are sold first. FIFO inventory calculation assigns the last acquisition cost to the manufacturing cost.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
Learn more about LIFO at
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