Answer:
Importance : Opportunity cost is lost Contribution
Effect : Opportunity cost increases the variable costs of the decision that has been chosen
Explanation:
Opportunity Cost is a lost contribution. Contribution is calculated as Sales less Variable Costs.
Considering opportunity costs is very relevant to a firm because it constitutes part of the money lost that cold have been earned when another alternative course of action is chosen over another. The opportunity cost <u><em>would have been</em></u> the revenue for the disregarded option.
So opportunity cost increases the variable costs of the decision that has been chosen.
I think its a because not alot of people allow that type of dress wear
Answer:
Option B is correct for entry but value is wrong value should be $120
Explanation:
The options provided are not correct, where shares are issued at par value no additional capital is credited.
As the number of shares = 12,000
Par value per share = $0.01
Total par value = $0.01 
12,000 = $120
Therefore, issue of shares entry will be
Cash A/c Dr. $120
To Common Stock $120
Thus no option is correct, as for the entry option B is correct but the values are wrong.
Answer:
$213,400 and zero
Explanation:
The computation is shown below:
Cost of the land would be
= Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $189,000 + $16,400 + $2,200 + $3,400 + $2,400
= $213,400
Since the property is purchase for building site construction so no cost would be recorded in the cost of the new building
Answer:
The correct answer is D. A promise in a contract with a customer to transfer a good or service to the customer.
Explanation:
Performance obligations are those that the entity undertakes to carry out in the contract established with a client, performance obligations are related to the deliverables established or agreed upon in a contractual manner.
At the start of the contract, the entity must evaluate the goods or services promised in a contract with a customer and must consider as a performance obligation each commitment to transfer to the customer a good or service (or a group of different goods and services) or a series of different goods or services that are substantially the same and that have the same pattern of transfer to the client.
