If the going rate of interest were 10 percent and the expected profit rate were 18 percent, then the opportunity cost of a firm carrying out a $100,000 project for one year with its own funds would be$10,000.
SO
$100,000/10 =$10,000
Opportunity cost is the advantage that was lost because a particular option was not selected.
It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
Opportunity costs have a value that can help people and businesses make more lucrative decisions.
Opportunity cost is a wholly internal expense that is only utilized for strategic consideration; it is not included in accounting profit and is not reported externally.
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Answer:
Option C, Double taxation on profits and individuals
Explanation:
The disadvantages of the corporation form of ownership are as follows -
a) It takes lot of time and hence is time consuming
b) The taxation gets double
c) Also, the formalities/protocols are very tough
Hence, the option C is correct
Answer:
Ccccc
Explanation:
Journal entries
Apr. 1
Dr Cash 18,360
common stock 18,360
Apr. 1
No entry
Apr. 2
Dr Rent expense 918
Cr Cash 918
Apr. 3
Dr Supplies 1,326
Cr Accounts payable 1,326
Apr. 10
Dr Accounts receivable 1,938
Cr Service revenue 1,938
Apr. 11
Dr Cash 714
Cr Unearned service revenue 714
Apr. 20
Dr Cash 2,856
Cr Service revenue 2,856
Apr. 30
Dr Salaries and wages expenses 1,532
Cr Cash 1,532
Apr. 30
Dr Accounts payable 306
Cr Cash 306
Answer:
The balance sheet shows the firm’s assets, liabilities, and equity at a given point in time.
Explanation:
While preparing the balance sheet, the accounting equation is to be used that means the total value of the asset is equivalent to the total value of liabilities and the total value of the equity. It shows the financial position for the given period of time.
So as per the given options, the first one is correct
Answer: Option (A)
Explanation:
An attribute is referred to as the specification that mostly defines the property of a object,file or element. It is also referred to as specific value for the given instance of the such. Attributes are considered as metadata. Attribute are frequently or generally referred to as the property of the property. The term attribute tends to be often treated as the equivalent to the property which is depending on technology being elaborated.
