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3 years ago

Which of the following activities describes the opportunity cost of attending an economics class?

Business

1 answer:

zhuklara [117]3 years ago

5 0

Answer:

C is the correct option

Explanation:

Opportunity cost is a concept of Macroeconomic theory. It is also known as an alternative cost. It is the value of what one gives up to choose something else. In simple terms, we can say that it is the value of the road not taken. In the above question, the value of the activities one had to leave to attend the economics class woul be known as the Opprtunity cost.

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On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. Prepare the necessary jo

Sophie [7]

Answer:

Dr Cash for $461,795,

Cr Premium on Bonds Payable for $11,795

Cr Bonds Payable for $450,000

Explanation:

Journal entries

Dr Cash for $461,795,

Cr Premium on Bonds Payable for $11,795

Cr Bonds Payable for $450,000

(Issue price of $461,795 - par value of $450,000) =$11,795

8 0

3 years ago

Read 2 more answers

Candace sells the muffins in her bakery at a higher price than the big-box grocery but she has a steady stream of customers will

SpyIntel [72]

Answer: Customers would go elsewhere.

Explanation: Candace sells the muffins in her bakery at a higher price because she has a steady stream of customers willing to pay what she asks. She also supports local charities. This shows that there a positive association between Candace sale, her price and her support for the charity. Therefore, when she lower her price and stops her Charity contribution her sale should go down. This means that the customers will go elsewhere.

7 0

3 years ago

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The Foxworthy Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning inv

Bumek [7]

Answer:

$19,192

Explanation:

Foxworthy Corporation before-tax profit/loss using LIFO method will be;

24000 units * $6.00 per unit = $144,000

16808 units * $7.00 per unit = $117,656

In 2018 the inventory quantity declined by 18000 units.

The cost of 18,000 units will be 18,000 * $8.00 per unit = $144,000

16,808 units * $7.00 per unit = $117,656

18,000 units - 16,808 units = 1,192 units

1,192 units * $6.00 per unit = $7,152

Profit/ Loss due to inventory decline :

$144,000 - $117,656 - $7,152 = $19,192.

6 0

3 years ago

Because of the influence of social marketing, the interaction between producer and consumer has become LESS focused on:_________

Paraphin [41]

Answer: d. Entertaining

Explanation:

Because of the influence of social marketing, the interaction between producer and consumer has become less focused on entertaining.

It should be noted that due to social media, entertainment has reduced between producers and consumers but rather, it has to do with engaging, influencing and listening.

7 0

3 years ago

Every month you need to generate and print a group of reports. You decide to display these reports in a batch. What should you d

Murljashka [212]

Answer:

<em>a. Select Process Multiple Reports from the Reports menu.</em>

Explanation:

Quickbooks enables you to print a batch of reports.

One might want to <em>print a series of monthly reports for your files using this function</em> (e.g. monthly Profit and Loss and Balance Sheet reports).

Because Quickbooks is unable to handle several Report Center files, one must start with the Report menu.

To start - Select Multiple Reports from the Reports menu to show a report group.

4 0

3 years ago