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3 years ago

Which of the following represents an economic cost, but not an accounting cost, of building and running a summer resort?

Business

1 answer:

Alex Ar [27]3 years ago

4 0

Answer:

correct option is Option B and option D

Explanation:

solution

here as per given option B and D represent an economic cost

but other three options A , C and E are about the accounting cost

so here only B and D only are the implicit costs or the opportunity cost

and there accounting cost not include the opportunity cost

so the options B and option D

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Novak Corp. provides security services. Selected transactions for Novak Corp. are presented below. Oct. 1 Issued common stock in

enot [183]

Answer:

The attached shows the journal entries in respect of Novark Corp. transactions for the month of October.

Every transaction has two impacts-debit and credit

Explanation:

Journal is a book of prime entry where transactions that cannot be posted to other books of original entry are treated.

Journal entry also observes the duality concept of accounting where each transaction in two accounts,for every debit,there is corresponding credit and vice versa.

Journal can also be used to correct errors made while posting to books of account.

Download xlsx

7 0

4 years ago

The company budgeted for production of 2,800 units in April, but actual production was 2,900 units. The company used 21,200 lite

mario62 [17]

Answer:

the material quantity variance is $1,350 unfavorable

Explanation:

The computation of the material quantity variance is given below:

Materials quantity variance is

= (Actual quantity × Standard price) - (Standard quantity × Standard price)

= (21,200 × $1.50) - [(2,900 × 7) × 1.5]

= $31,800 - $30,450

= $1,350 Unfavourable

Hence, the material quantity variance is $1,350 unfavorable

7 0

3 years ago

Your little sister Tiffany is beginning to cause you some concern. She wants to borrow $480 from you today and promises to pay y

Ulleksa [173]

Answer:

No, I don’t think this would be a good loan to make. Even if your sister means the world to you and you believe giving her that amount of money must be for a good cause… you should find out what the loan is for. After all, your sister is a 9 year-old.

Hope it helped! Have a good day.

3 0

3 years ago

The break-even point is that level of activity where: Multiple Choice a) total revenue equals total cost. b) variable cost equal

shtirl [24]

Answer:

a) total revenue equals total cost.

Explanation:

The break-even point is the level of activity in which total revenue equals total cost. It can also be defined in terms of units sold for a year is as the fixed expenses for the year divided by the contribution margin per unit of product. Note that exactly at the break-even point, there is no profit or loss.

Therefore, the answer is alternative a).

3 0

3 years ago

Trey owns 250 shares of common stock in a toy–store company. This means that he owns a percentage of the company based on the pr

Sergeu [11.5K]

Answer:

The correct answer is D

Explanation:

The voting right is the right which is given to the shareholders of the company to vote on the matters of the corporate policy involving the decisions on the making of the BOD (Board of Directors), making changes in the operations of the corporation, issuing securities and initiate the corporate actions.

So, when the person owns 250 shares, which means owns the percentage of the company grounded on the proportion of the shares the person owns. Therefore, the person along with ownership gets the voting rights as well.

3 0

4 years ago