Answer:
Journal entries:
Explanation:
For recording the purchase of goods of credit
Inventory dr. 2000
Accounts payable cr. in the name of the vendor 2000
For recording the return of goods purchased
Account payable dr. in the name of the vendor 2000
Inventory cr 2000
Suppose a gardener produces both tomatoes and squash in his garden. If he must give up 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is 5/2 bushels of squash.
Opportunity costs are the possible advantages which any person or investor or any company forgoes while deciding between the two options.
Opportunity costs are invisible in nature. An opportunity cost is simply by definition is the difference between the expected returns of each option and this is also the formula for doing so.
To learn more about opportunity cost here
brainly.com/question/13036997
#SPJ4
Answer:
$86,000
Explanation:
The opportunity cost is an economic concept. It is the cost of the alternative foregone. Accounting profit does not take into cognizance the alternative foregone.
It only considers the explicit cost incurred in the process of making sales or generating revenue.
As such,
Accounting profit = $128,000 - $42,000
= $86,000
Answer:
A) we requiere to fulfill the Vitamint contrains or surpass them A => 12 C=>6
B) we request that instead of fullfilling the vitaming requirement to be 12/6 or more
to be exactly for this amount.
Explanation:
We set up the situation in excel Solver with the following constraing:
1 2 3 4
A 3 3 1 7
B 3 1 1 1
C 12 6 24
C2 = A1*A2 + B1*B2
C3 = A1*A3 + B1*B3
C4 = A1*A4 + B1*B4
common constraing:
C4 min
A1 = integer
B1 = integer
A) constraing
C2 => 12
C3 =>6
B) contraing to achieve the exact value for each vitamin:
C2 = 12
C3 = 6
Answer:
The account balance after 4 years will be $2,420.
Explanation:
First we need to add Bob and Judy's amount to find the total amount that will be deposited. (1260+975)=2,235.
Now we will break up the annual interest into monthly interest because it will be compounded monthly. 2/12=0.166.
Then we will break up the 4 years into months also because the interest is compounded monthly. 4*12=48
Now we use the formula for compound interest
Final amount = Principal*(1+R)^N
Principal = 2,235
R= 0.166% or 0.00166
N= 48
We put these values into our formula
2,235*(1+0.00166)^48
=2,420