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AnnyKZ [126]
3 years ago
6

The term "opportunity cost" is best defined as:

Business
1 answer:
Wittaler [7]3 years ago
8 0

Answer:

4. the benefit associated with a rejected alternative when making a choice.

Explanation:

Opportunity costs refer to the foregone benefit as a result of choosing one option over the another. It is the value of the missed best alternative. For example, with $100, one can either watch a movie or have a meal. If having a meal is chosen, the joy derived from watching the movie is the opportunity cost.

Opportunity cost is occasioned by the scarcity of resources, including time. Individuals and firms have to make economic choices every day. The sacrificed benefit in every decision is the opportunity cost.

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ololo11 [35]

Explanation:

The preparation of bank reconciliation is presented below:

                                        Crane Company

                          Bank reconciliation statement  

                                        July 31, 2022

Particulars                    Amount   Particulars                     Amount

Bank cash balance     $9,222   Company cash balance  $9,328

Deposits in transit       $3,763   Collections                       $2,120

Less: Outstanding                      Less: service fee            -$53

Check                          -$1,590

Bank balance                                   Company balance

After reconciliation    $11,395      After reconciliation  $11,395

4 0
3 years ago
Ayayai Corp. lends Martinez industries $48000 on August 1, 2022, accepting a 9-month, 6% interest note. If Ayayai Corp. accrued
amm1812
This is currently the right answer . Lolll
3 0
3 years ago
You own $75,000 worth of stocks, and you are worried the price may fall by year end in 6 months. You are considering using eithe
Assoli18 [71]

Answer:

Answer is D. I, II, and III

Refer below.

Explanation:

You own $75,000 worth of stocks, and you are worried the price may fall by year end in 6 months. You are considering using either puts or calls to hedge the position. Given this, the following statements are correct:

I, II, and III

7 0
3 years ago
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In a Fox News Poll conducted in October 2011, 904 registered voters nationwide answered the following question: "Do you think il
fiasKO [112]

Answer:

The correct answer is Option B .

Explanation:

As per the data given in the question,

Eligible for legal citizenship = 63%

Error = 3%

Level of confidence = 95%

Here, the CI is 63% ± 3% , which means 60% to 66%  and this indicates that with 95% confidence, the true proportion lies between this interval  

This is shown by option B  

Hence, option B is correct answer

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3 years ago
Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run
Nuetrik [128]

Answer:

$850,000

Explanation:

Total Hours of Department 1=$80,000+$90,000

=$170,000/$200,000*1000,0000

8 0
2 years ago
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