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Bogdan [553]
4 years ago
8

Select the answer that best decribes what an opportunity cost is

Business
2 answers:
Olin [163]4 years ago
6 0

Answer:

An opportunity costs is the loss of the best available option after selecting one alternative

Explanation:

The oppoortunity costs between going to the cinema and to teather will be the cinema if you chose to go tto the theater and the teather if you chose to go to the cinema.

Flauer [41]4 years ago
3 0

Answer:

An opportunity cost is the trade-off of making one choice and giving up a different choice.

Hope that helps!!

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A good system of internal control requires that the job order cost sheet be destroyed as soon as the job is complete.
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A good system of internal control requires that the job order cost sheet be destroyed as soon as the job is B)False
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Heavenly Pastries, Inc. Heavenly Pastries, Inc. was founded in 1998 by Gary Houser in Boston, Massachusetts. Over the years, Hea
drek231 [11]

Answer:

1. Three pre requisite of fraud are:

Dishonesty, Opportunity, Motivation.

2. The red flags include,

Gambling habit of Steven Miller.

Global access of payroll software to a single employee.

Lack of segregation of duties.

3. The fraud will deteriorate financial statements and investors will not rely on the company's financial statements.

4. There should be audit of the financial statements, there can be recheck of the data by another employee which is entered into the payroll system, Sarah and Steven work should be segregated with some other employee of different department who rechecks all data of employee and verifies it.

5. There should be segregation of duties, there can be internal controls of the software which may restrict from entering dummy employees, there should be a supervision over Steven since he has gambling background.

Explanation:

There are three pre requisites of fraud which must be present for a fraud. If a fraud occurs in an organization then the reliance of lenders of finance is deteriorated. Steven is an employee who has been with Heavenly pastries for over a year. Since he has a gambling background there might be  dishonesty present and he has access to entire payroll system there is an opportunity for fraud. Steven can be motivated for fraud so to avoid such a case Heavenly pastries should segregate duties of Steven with another employee.

3 0
3 years ago
Perry Investments bought 2,000 shares of Able, Inc. common stock on January 1, 20X1, for $20,000 and 2,000 shares of Baker, Inc.
maksim [4K]

Answer:

Debit Cash $2,400: Credit Dividends receivable $2,400

Explanation:

Date               Account Titles and Explanation     Debit    Credit

31 Dec 20X1   Cash                                                $2,400

                               Dividend receivables                            $2,400

                       (Record of the receipt of the Baker dividend)

4 0
3 years ago
Last year's sales revenues at Coffee Connection were $27,000, and the cost
VikaD [51]
Answer for the question is answer C
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4 years ago
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Aviation Systems sells its products with a three-year manufacturing warranty. The company's sales revenue is $600,000. Based on
Vikki [24]

Answer:

$30,000

Explanation:

Warranty liability is a liability account used to report the expected amount of repairing or replacing products already shipped. It's a contingency liability and it should be recorded independently  from the actual warranty costs. Therefore, warranty liability, in this case, is:

$600,000 * 0.05 = $30,000

The estimated warranty liability reported in the balance sheet this year is $30,000

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4 years ago
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