Solution :
a). Opportunity cost
In the field of economics, Opportunity cost may be defined as the loss of a potential gain when some other alternatives are chosen from a given set of opportunities.
b). efficiency
c). Our professor presents us the incentives for major in economics.
d). I can complete the project via specialization more efficiently rather than doing it all each part of the project together.
Answer:
sales returns & allowance 2,000 debit
accounts receivables 2,000 credit
Inventory 500 debit
COGS 500 credit
-to record the return of goods from Jerry Hines--
Explanation:
As the returned goods are not reported as failure or malfunction just; the customer returned as exceeds his needs, we can return them to goods ready to sale thus; inside inventory account.
We will decrease the account receivable, our COGS and increase our inventory
Answer: a. Are considered mostly ineffective compared to mobile advertising or social media promotions.
Explanation:
Customer acquisition techniques refers to the strategies that are helps in the identification of the potential leads which are then converted into active customers. Such techniques include personalized offer design, automated email marketing etc.
As a customer acquisition technique, events are considered mostly ineffective compared to mobile advertising or social media promotions.
Answer:
Explantation to the following question is as follows;
Explanation:
A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.
Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.
Answer:
TRUE
Explanation:
Opportunity cost refers to those costs that can help us save more money. When we move from one investment to another, then the additional income from the other investment is called opportunity cost.
In this case, if Joe chooses Invest in a bank deposit in the place of Gold coins, he can enjoy 3% more return at the place of no profit and loss, so Joe had loss his 3% opportunity cost.
