Answer:
B) higher, because more games are televised today.
Explanation:
Opportunity costs are the cost of choosing one alternative from another.
In this case, when college students attend college football games they are unable to do other activities while they are at the stadium or going to the stadium. The cost of those alternatives that are lost are higher now because many college football games are televised. So a student is now able to watch the game while doing other activities.
Answer: Overstatement of profit by $8000
Explanation:
The change in an accounting method of valuing stock which results in decrease in the value of stock will increase the profit when compared to the period before the method that decrease the stock was used. To effect the change a debit charge will be made to the retained earnings and a credit charge to the stock account to reduce the value.
<span>Answer: Steel alloy beams are harder and stronger than pure iron beams. A small amount of carbon makes the steel stronger. </span>
<span>Steel is a well known and commonly used alloy (a mixture of several metals) to build a high rise building because it can be around </span>1000 times stronger than iron in its pure form. It is made from iron and a small amount of carbon (usually between 0.2% and 2.0% by weight) that makes it stronger and lighter.
Pure iron beams, on the other hand, has the bigger quantity of carbon that makes its structure weak and fragile, thus not fit for high rise building.
<span> </span>
Answer:
All of the following statements about the geography of meat production in the United States and Canada are true EXCEPT: Consumer demand for organic foods has significantly decreased the amount of meat produced by most agribusiness firms.
Explanation:
Organic foods are grown without the use of synthetic additives like fertilizer and pesticides for plants, antibiotics and growth hormones for animals.
Consumer demand for organic products due to its health benefits has not significantly decreased the amount of meat produced by most agribusiness firms. Instead, it has created another lucrative business niche for meat production corporations.
Organic foods are now being produced to meet the demand for it along side with those that are not organic.
There is however a higher charge associated with organic foods.
Answer:
The current ratio is 1.18 times
Explanation:
Current Ratio: The current ratio is that ratio which shows a relationship between the current assets and the current liabilities
The computation of the current ratio is shown below
Current ratio = Total Current assets ÷ total current liabilities
where,
Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory
= $43,500 + $27,000 + $102,000 + $125,000
= $297,500
And, the total current liabilities is $251,000
Now put these values to the above formula
So, the ratio would equal to
= $297,500 ÷ $251,000
= 1.18 times
The long term note payable is not a current liabilities,hence it is not considered in the computation part.
