Keisha can produce the following combinations of x and y: 100x and 20y, 50x and 30y, or 0x and 40y. The opportunity cost of one unit of y for Keisha is 5 units of X.
In the concept of microeconomics, the opportunity cost of a particular activity is the cost or benefit that is foregone by engaging in that interest compared to doing another activity. Simply put, once you decide what you're interested in, you give up the option of choosing another option.
What are Opportunity Costs and Instances?
Opportunity cost is the time you spend reading a book versus the money you could spend doing something else. The farmer decided to plant wheat. Occasional charges are for planting exceptional crops or trading sources (land and farm gadgets).
Why Opportunity Cost?
The idea behind opportunity cost is that as an owner of a trading company your resources are always limited. In short, not all opportunities are available due to limited time, money and information. Choosing one always forces you to give up the other.
In the concept of microeconomics, the opportunity cost of a particular activity is the cost or benefit that is foregone by engaging in that interest compared to doing another activity. Simply put, once you decide what interests you, you give up the option of choosing another option.
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Answer:
Cor's share of Cor-Eng's 20X1 net income is $60,000
Explanation:
Partnership Table
Cor$ Eng$ Total$
Ratio 60% 40% 100%
Assets 60,000 20,000 80,000
Goodwill 40,000 40,000
Initial Capital balance 60,000 60,000 120,000
Add: Net income 15,000 10,000 25,000
Less: Drawing -3,000 -9,000 -12,000
Year End balance 72,000 61,000 133,000
Answer:
The correct answer would be $2,852.
Explanation:
The equation here to understand is:
Ending net working capital = Opening net working capital - Cash flow to Stockholders + operating cash flow - net capital spending - cash flow to creditors.
$8,930 = $7,083 - $16,497 + $40,016 - $18,820 - X.
X = 2,852.
For calculating ending working capital we need to keep in mind that all cash inflows are added in opening working capital and all cash outflows are subtracted.
Answer:
D) inventory
Explanation:
Inventory: Inventory is the stock of the company. It passed through various cycles i.e. raw material, work in progress, finished goods. When the cycle is finished then the product is ready to sell in the market.
Moreover, the recording of the stock is done based on the cost or market value whichever is lower.
In the given question, operation management uses the storage facility. So, the storage facility is used to store the inventory. Here, the storage facility means the warehouse in which the company products are kept for safety measurement.
Thus, all other options are incorrect except D option