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Hatshy [7]
3 years ago
15

What is scarcity? What is oppurtunity cost​

Business
1 answer:
Snowcat [4.5K]3 years ago
7 0

Answer:

The opportunity cost of a choice is the value of the best alternative given up. Scarcity is the condition of not being able to have all of the goods and services one wants. It exists because human wants for goods and services exceed the quantity of goods and services that can be produced using all available resources

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At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $30,600 and zero balances in Accumulated Depr
Bas_tet [7]

Answer:

Dr Depreciation Expense $3,620

Cr Accumulated Depreciation-Equipment $3,620

Explanation:

Based on the information given we were told that the company had zero balances in both Accumulated Depreciation -Equipment as well as the Depreciation Expense in which the Depreciation amount for the year is estimated to be $3,620 which means that the adjusting entry for depreciation at December 31 will be recorded as:

Preparation of Journal entry

Dec. 31

Dr Depreciation Expense $3,620

Cr Accumulated Depreciation-Equipment $3,620

5 0
3 years ago
Job cost sheets can be used to: (Check all that apply.) Multiple select question. provide a permanent record for the Cost of Goo
Luda [366]

Answer: • provide a permanent record for the cost of goods sold account

• monitor costs incurred to date and to predict and control costs for each job.

• provide a subsidiary ledger for the finished goods inventory account.

Explanation:

Job cost sheet refers to the document that is used for the recording of the manufacturing costs and it is used as a subsidiary ledger for the work in process account due to the fact that it contains every details about the job in process.

From the options given, the job cost sheets can be used to:

• provide a permanent record for the cost of goods sold account

• monitor costs incurred to date and to predict and control costs for each job.

• provide a subsidiary ledger for the finished goods inventory account.

6 0
3 years ago
Research indicates that 17 percent of consumers recognize the Flatfeet brand of athletic wear. If there are 30,000 consumers in
jenyasd209 [6]

Answer:

5,100 Consumers

Explanation:

The 17% of the total consumer recognize Flatfeet brand which means:

Consumers who recognize Flatfeet = Total Consumers * percentage of people that recognize the brand

Here

Total consumers are 30,000

And

Percentage of people that recognize the brand is 17%

By putting values, we have:

Consumers who recognize Flatfeet Brand = 30,000 * 17%

Consumers who recognize Flatfeet Brand = 5,100 Consumers

3 0
3 years ago
Who wants points answer in this question points for 10 points ;)
SpyIntel [72]

Answer:

OK Thanks for the free points

4 0
3 years ago
Read 2 more answers
Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. What’s
Ivanshal [37]

The best transportation option for Jim is C. Utilizing his saving as a down payment and buying the car using an auto loan.

<h3>Further explanation </h3>

Auto loan is a loan secured for the expressed purpose of purchasing a car. We can save money by paying off your car loan early. Because we are most likely more than halfway through our loan, most of our payment is currently going toward the principal.

There are four basic building blocks of a car loan:

1. Loan Cost : the principal and the interest. The principal is the negotiated cost of the vehicle itself.  The interest refers to the total amount of the costs accrued over the life of the loan based on the principal amount and the stated interest rate.

2. Interest Rate : a basic rate charged to the borrower for the money loaned.

3. Down Payment : an upfront amount of cash paid by the borrower at the time of the purchase of the vehicle.

4. Terms and Conditions : all of the other items that make up a car loan, including the term of the loan, normally stated in a number of months or years; insurance and registration requirements; loan payoff and resale terms;  etc

<h3>Learn more</h3>
  1. Learn more about auto loan of car brainly.com/question/12389122
  2. Learn more about Leasing car brainly.com/question/3068511
  3. Learn more about Renting car brainly.com/question/11856182

<h3>Answer details</h3>

Grade:  9

Subject:  business

Chapter:  car

Keywords:  the market for a car, money,  the best transportation option, saving, auto loan.

5 0
3 years ago
Read 2 more answers
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