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lutik1710 [3]
3 years ago
10

Tom and Jerry have two tasks to do all day: make dishes and build fences. If Tom spends all day making dishes, he will make 16 d

ishes. If he instead devotes his day to building fences, Tom will build 4 fences. If Jerry spends his day making dishes, he will make 14 dishes; if he spends the day building fences, he will build 7 fences. For Jerry, the opportunity cost of building a fence is _________.
Business
1 answer:
daser333 [38]3 years ago
6 0

Answer:

For Jerry, the opportunity cost of building a fence is not making 2 dishes.

Explanation:

The opportunity cost refers to the benefit you lose when you choose one option over another one. In this case, the opportunity cost for Jerry when he decides to build fences is that he won't be able to make dishes. So, as he can build 7 fences or make 14 dishes in a day, the opportunity cost of building a fence is that he won't be able to make 2 dishes.

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B. False. There are usually multiple choices depending on credit score and such.
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3 years ago
A computer company had $3,000,000 in research and development costs. Before recording these costs, the net income of the company
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Answer:

Net income of the company accounted for $400,000

Explanation:

Net income is the income or the amount of residual income from the earnings after deducting all the expense or cost from the sales.

The net income or loss of the company accounted for is computed as:

Net Income or Loss = Net Income - Research and Development cost

where

Net Income amounts to $3,400,000

Research and Development cost amounts to $3,000,000

So, putting the values above:

Net Income or loss = $3,400,000 - $3,000,000

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7 0
3 years ago
First, we will start with annual depreciation. We will always use straight-line depreciation in this course Consider a firm that
NARA [144]

Answer:

Annual Depreciation expense = $15695.7692  rounded off to  $15695.77

Explanation:

We first need to calculate the cost of the equipment. The cost at which an equipment or asset should be recorded should include all the costs incurred to bring the asset into the place and condition necessary for its use as intended by the management. Thus the cost of the equipment will be,

Cost = 165891 + 42172

Cost = $208063

Now we can calculate the depreciation expense per year based on the straight line depreciation method using the following formula,

Annual Depreciation expense = (Cost - Salvage Value) / Estimated useful life

Annual Depreciation expense = (208063 - 4018) / 13

Annual Depreciation expense = $15695.7692  rounded off to  $15695.77

6 0
3 years ago
THIS IS WORTH 100 POINTS-GIVE ME A GOOD ANSWER AND I WILL MARK YOU AS BRAINLEST Create a company, including the creation of a pr
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Some of the steps in creating a company include:

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The advertising for the company would have to target an audience based on either demographics or income range or on the type of jobs they do that would require them to use your product.

The use of a marketing mix which includes the price, promotion, place, product, and people would be to make the best pricing available and also be in a strategic location, meeting the demand of people's needs.

<h3>What is Advertising?</h3>

This refers to the creation of public awareness for a particular brand of products or services to get them to buy.

Read more about advertising here:
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7 0
2 years ago
On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage v
svetoff [14.1K]

Answer:

See below

Explanation:

10000-1000=9000 to be depreciated

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journal entry:

depreciation expense.     1800 (debit)

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to record annual depreciation

5 0
2 years ago
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