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sammy [17]
3 years ago
15

Suppose a city block was going to be used for a parking lot in both new york city and a small town. the opportunity cost would b

e
Business
1 answer:
Helen [10]3 years ago
7 0
The opportunity cost would be <span>greater in New York City because the alternative uses of the block are more valuable. Opportunity cost is the value of sacrifice that you need to make when choosing a  decision. The land price in new yorks is far more expensive compared to any other small towns because of the amount of population that walk passed to the streets and the amount of economic power that they have</span>
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City residents were recently surveyed about issues of importance in their neighborhoods. Most agreed that crime was a big concer
Feliz [49]
<span>
Having more police around would decrease the crime rates because the criminals would either be scared of getting caught or would attempt and get caught.
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Therefore, your answer would be
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</span><span>
D. City residents will support mayoral candidates who propose increasing the size of the police force.</span><span>
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Hopefully, that helped!
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8 0
3 years ago
Read 2 more answers
For each of the following items, identify whether they would most likely be reported in the balance sheet (B) or income statemen
blagie [28]

Answer:

Explanation:

The statement of income records all sales revenues general and expenditure incurred during a particular period.

The balance sheet reports the assets and the liabilities of the company

So, the classification is as follows

a. Net income  = income statement (I)

b. Retained earnings  = balance sheet (B)

c. Depreciation expense  = income statement (I)

d. Accumulated depreciation  = balance sheet (B). It is deducted from the value of the respective fixed assets

e. Wages expense  = income statement (I). It is shown on the debit side of the income statement

f. Wages payable   = balance sheet (B). It is a current liabilities

g. Interest expense  = income statement (I) It is shown on the debit side of the income statement

h. Interest payable   = balance sheet (B). It is a current liabilities

i. Sales = income statement (I)

8 0
3 years ago
Joe sold gold coins for $1,000 that he bought a year ago for $1,000. he says, "at least i didn't lose any money on my financial
solniwko [45]
The economist's analysis in the scenario painted above incorporates the idea of OPPORTUNITY COST.
Opportunity cost refers to a value or a benefit which must be given up in order to enjoy or acquire another benefit. Because resources are scarce, one always has to make decision about how to use one's resources efficiently. In the scenario given above, Joe had the opportunity to put his money in a fixed deposit account or to use it to buy gold coins; he choose the latter given up the former. Thus, the former, which he gave up is his opportunity cost.<span />
3 0
3 years ago
Read 2 more answers
As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reaso
igomit [66]

Answer: See explanation

Explanation:

Based on the information given, we are informed that the co-worker has recorded a cash receipt twice and wants the full time bookkeeper to record a correcting entry that will reverse the mistakes.

Before making a decision about the correcting entry, it is necessary to check the entry and cross check the balances for sales and cash. One has to also check the receipts and every other necessary details in order to make sure that the transaction is genuine and not fraudulent.

After the through check, if the person is sure and confident that everything is okay, then the correcting entry can be made.

3 0
3 years ago
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an in
aivan3 [116]

Answer:

Answer not available.

Explanation:

I did this equation and i got 5,880, and i do believe that my work is correct but it may not be so.....

7 0
3 years ago
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