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3 years ago

Select the answer that best describes opportunity cost:

Business

2 answers:

Lapatulllka [165]3 years ago

5 0

The best option that describes opportunity cost is:

C. What you gain as a result of choosing one option versus another; a benefit.

Opportunity cost is defined as the loss of a potential gain from another alternative being chosen. The best option is C, because it mentions what you gain and benefit from chosing something over another. Most people have opportunity costs in their life daily, but do not realize that they are constantly making these types of decisions.

Zanzabum3 years ago

4 0

(C. What you gain as a result of choosing one option versus another; a benefit.)
It would be C, because if it's an opportunity then that means it's going to benefit you, your gaining a resource in your business.

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A farm is currently producing at point C on this curve.

lord [1]

Answer:

the farm would face trade offs in production of apples or oranges

Explanation:

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4 years ago

Stock Investment Transactions On September 12, 3,600 shares of Aspen Company are acquired at a price of $45.00 per share plus a

Komok [63]

Answer and Explanation:

According to the scenario, journal entries for the given data are as follows:

Journal Entries

Sep. 12 Stock investment in Aspen company A/c Dr. $162,180 (3,600×$45)+$180

To Cash A/c $162,180

( Being purchase is recorded)

Oct. 15 Cash A/c Dr. $4320 (3,600×$1.2)

To Revenue from dividend A/c $4320

( Being dividend revenue is recorded )

Nov. 10 Cash A/c Dr. $54,648 (1,440×$38)-$72

Loss due to sale of investment A/c Dr. $10,224 ($64,872 - $54,648)

To Investment in Aspen company investment A/c $64,872 (1,440× $45)+$72

( Being sale is recorded)

6 0

3 years ago

When a hazardous material and a non-hazardous material are entered on the same shipping paper document, the hazardous material(s

Marina86 [1]

Answer:

See the description as below

Explanation:

First we would see that the proper shipping name is the key to determine how packages for hazardous materials are selected, marked, and labeled; the vehicle is correctly placarded; and the shipment is correctly documented. Proper shipping name is the standard technical name to describe the hazard properties and the composition of dangerous goods. You need to choose a UN number (usually, 4 digits) and a proper shipping name from Dangerous Goods.

The basic description of a hazardous material includes the Identification Number, the Proper Shipping Name, Hazard Class and Packing Group (when applicable). This information is required to be placed on the shipping paper in a specific order

An easy way to remember the sequence is to use the acronym “ISHP”: I-Identification Number, S-Proper Shipping Name, H-Hazard Class or Division, and P-Packing Group.

For a hazardous substance shipment, the letters 'RQ' must be entered on the shipping paper. Enter 'RQ' before or after the basic description for each hazardous substance. If the material contains two or more hazardous substances, at least the two hazardous substances with the lowest 'RQ' must be identified. RQ means Reportable Quantity, when a hazardous material is being shipped in a reportable quantity of greater, the shipper must display the letters RQ must be displayed on the shipping paper

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4 years ago

What is the main advantage of using e-mail to complain about a service or product?

anzhelika [568]

Unlike conventional mail, email can send your complaint within minutes or seconds to the company. This is the reason why use of email has become popular. The reaction to act on the complaint will depend on the company. Sending an email does not guarantee that they will act on it right away.

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3 years ago

Materials purchased on account during the month amounted to $190,000. materials requisitioned and placed in production totaled $

sleet_krkn [62]

Materials purchased on account during the month amounted to $190,000
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Entry to record the transaction for materials =
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Materials = 156,000
This is the entry record requisitioned by the Production department.

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4 years ago