Answer:
a. the decision to engage in one activity means forgoing some other activity.
Explanation:
Opportunity cost is the cost incurred when an economic agent forgoes some other activities to engage in one activity.
Economic agents have to make choices because wants are unlimited and resources are limited.
Opportunity cost is also known as economic cost.
An example of opportunity cost : Assume a doctor leaves his job where he earns $500,000 per annum to start his own business where his accounting profit is $700,000. His Opportunity cost is $500,000.
I hope my answer helps you.
Answer:
company can value of $190909.1
Explanation:
Given data:
current assets = $1,312,500
current liabilities = $525,000
initial inventory level is $380,000
current ratio = 2.2
current liabilities is calculated as 
plugging all value in above relation
current liabilities
current liabilities = $ 596590.90
and we know current liabilities is $525,000. Thus company can value of $190909.1
Answer:
Value added
Explanation:
Value-added - it is the total difference that comes out between the product value in the market and the cost of producing that product. cost of a product is based on the survey which gives the idea that how much cost may be assigned to the product.
The value of this difference help to determine the profit on products.
Higher the value of add, higher will be the charges of product and higher will be the revenue collected.
Answer:
Janet's Performance Pizza
Marginal Product of Labor
Labor Output Marginal
(Number of workers) Product of Labor
(Pizzas) (Pizzas)
0 0 0
1 70 70
2 120 50
3 160 40
4 190 30
5 200 10
Explanation:
a) Data and Calculations:
Labor Output Marginal
(Number of workers) Product of Labor
(Pizzas) (Pizzas)
0 0 0 (0 - 0)
1 70 70 (70 - 0)
2 120 50 (120 - 70)
3 160 40 (160 - 120)
4 190 30 (190 - 160)
5 200 10 (200 - 190)
b) Janet Performance Pizza's marginal product of labor describes the change in the number of pizzas that the restaurant produces by employing one more unit of labor (worker).
Answer:
met with an existing client to discuss possible extension of a sales contract
Explanation:
The event above would not be recorded in pinnacle's accounting records due to the fact that it was just a conversation and not registered or recorded somehow.
