Answer:
B) opportunity costs.
Explanation:
The production possibility frontier is used to illustrate the concept of <u>opportunity costs</u>. The production possibility frontier shows the combination of goods which can be produced by making use of all the available resources in an economy. In order to produce an extra unit of one good, some amount of other good has to be sacrificed. This is known as opportunity cost.
Answer:
10% of exam score
Explanation:
Opportunity Cost is the cost of next best alternative, foregone (sacrifised) while making a choice.
Example : If a person has option to have an apple or an orange, & choses to have apple. The opportunity cost of having an apple is the sacrifised orange.
Given : A night before mid time exam, spent while watching movies - later lead to fall in exam grade from 70 % to 60%
The opportunity cost of movies watched, is the sacrifised grade of exam, which would have gotten, if the time would have spent in studying. The corresponding grade lost = 70% grade achievable - 60% grade achieved. Hence, the opportunity cost = 10% of exam score.
On one hand it does, but on the other, it doesn't.
If you look at the movie from a historical perspective, we can see what people might have behaved like in the actual event when Titanic sank. The movie portrays their thoughts, emotions, and behaviors during that horrible night, so if you think about it that way, I guess we can understand the event more. On the other hand though, the movie included a love story which is not really relevant to what actually happened in history, so it doesn't really help the viewer think about history much.
Answer:
The answer is C) $7,970.
Explanation:
We have 04 reconciling items as below:
- Outstanding checks $800: this amount was already recorded in the Cash account of the company once the check was written; thus, the Cash ending balance has already reflected this amount.
- Deposits in transit $700: this amount was already recorded in the Cash or Cash-equivalent account of the company once the deposit was made; thus, the Cash ending balance has already reflected this amount.
- Bank service charge $30: fees paid to banking activities and are deducted without informing to the company. Thus, this deduction in cash is not reflected in the Cash account.
- NSF check $500: this was recorded as the increase in Cash account by the company once the check was written by the person/entity to the company. However, the writer's account balance was not sufficient to honor this check amount to the company; thus Cash Account at the end of the period should reduced by $500. Instead, this $500 may be recorded in Account Receivable account.
Thus, the adjusted cash balance = 8,500 - 30 - 500 = $7,970.
