All categories

2 years ago

The opportunity cost of the third bicycle is _____ tents.

Business

1 answer:

skelet666 [1.2K]2 years ago

4 0

The opportunity cost of the third bicycle is 20 tents.

What is opportunity cost?

The value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost of that activity. Simply put, it means that if you choose one activity, you forfeit the chance to do another.

Therefore,

The opportunity cost of the third bicycle is 20 tents.

To learn more about opportunity cost from the given link:

brainly.com/question/3611557

You might be interested in

You decide to spend some time visiting the store and talking with both the manager and the employees to get a feel for what the

saul85 [17]

Shandra is very direct responsive.

Explanation:

To get to know what the organisation or the business is going through, what problems it has to deal with, what are the causes of the poor results that have been shown by the organisation, it would be best if the employees working in the organisation or in the business are asked questions about.

The employees should be asked to be as much responsive as possible so that problems can be brought up and they can be solved as soon as the possible by finding the best solution possible.

6 0

3 years ago

Does the business able to make the most out of the fixed asset?

Sunny_sXe [5.5K]

Answer:

yes!!!! it can... if u are able to do it.

Explanation:

I think soo

3 0

3 years ago

Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbro

Virty [35]

Answer:

Scarbrough will receive and record cash of $538,685

The journal entry to record this transaction would be:

Debit Credit

Cash $2,900,300

Interest Expense $89,700

Notes Payable $2,990,000

Debit Cash for $2900300, debit Interest Expense for $89700, and credit Notes Payable for $2990000

Explanation:

In order to calculate the amount Scarbrough will receive and record cash we would have to make the following calculation:

Scarbrough will receive and record cash=Receivables-Amount of the hold back-Withheld as fee income-Less: Withheld as interest expense

Receivables= $600,000

Amount of the hold back=$600,000 x 5%=$30,000

Withheld as fee income=$600,000 x 3%=$18,000

Withheld as interest expense=$600,000 × 15% × 54/365=$13,315

Therefore, Scarbrough will receive and record cash=$600,000- $30,000-$18,000-$13,315=$538,685

Scarbrough will receive and record cash of $538,685

According to the given data to journal entry to record this transaction would be the following:

Debit Credit

Cash $2,900,300

Interest Expense $89,700

Notes Payable $2,990,000

Interest Expense=$2,990,000 x 3%=$89,700

5 0

3 years ago

Which of the following is a nonmanufacturing business where process costing would most likely be used? An auto body shop. A furn

solmaris [256]

All of them are the non-manufacturing business where process costing would most likely be used.

Explanation:

All are non-manufacturing business which are as follows,

An auto body shop.
A furniture repair shop.
A laboratory that tests water samples for lead A tailoring shop.
A beauty shop.
Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
Non-manufacturing costs includes,
selling expenses
general expenses
Selling Expenses
It is also called as selling and distribution expenses.
Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.

7 0

3 years ago

Suzanne is excited about a black friday sale in which big-screen tvs are advertised for only $400. however, when she gets to the

mel-nik [20]

Answer:

Bait and Switch

Explanation:

Bait and switch is a deceptive sales technique that draws customers in with the promise of low prices and then "switches" to say that the promised item is not available. It is actually illegal under some circumstances in the United States.

8 0

3 years ago