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fenix001 [56]
3 years ago
10

If a family spends its entire budget in a given time frame, the family can afford either 14 outings or 24 household items. Assum

ing the family spends its entire budget on just these two things, what is the opportunity cost of one extra outing in the time frame? (Round your answer to two decimal places.)
Business
1 answer:
AURORKA [14]3 years ago
6 0

Answer:

1.71 household items

Explanation:

In this question, we learn that the family will only consume two goods: outings and household items. The family can either have access to 14 outings or 24 household items. This means that:

opportunity cost of 14 outings = opportunity cost of 24 household items

Therefore,

opportunity cost of 1 outing = 1.71 household items

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nasty-shy [4]

Answer:A. Cost is greater than net realisable value(NRV)

Explanation:

An inventory should not be higher than the price its sale or use and this requires the comparison of inventory cost to it's ( NRV) and whichever is lower will be used as cost of inventory

NRV= Sales price less cost to completion and less estimated cost necessary to make the sales.

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3 years ago
In September, Year 1, West Corp. made a dividend distribution of one right for each of its 120,000 shares ofoutstanding common s
Sphinxa [80]

Answer:

The correct answer is option C.

Explanation:

Dividend distribution in the first year = 120,000 shares of outstanding common stock

Each right was exercisable.

Though none of the rights have been exercised.

The shares have been redeemed by paying each stockholder=$0.10/right

Reduction in the West's stockholder's equity

=Number of shares*amount paid for redemption

=120,000*$.10

=$12,000

So, option C is the right answer.

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3 years ago
Peter, the owner of Happy Burger, is involved in the company's daily decisions and has established procedures for every task. Th
ohaa [14]

Answer:

mechanistic

Explanation:

Mechanistic organization is the organization that is hierarchical and bureaucratic

It is characterized by its;

  1.  Highly centralized authority.
  2. Formalized procedures and practices.
  3. Specialized functions.

Mechanistic organizations work well in stable, simple environments. Managers integrate the activities of clearly defined departments through formal channels and in formal meetings. Often, they feature many hierarchical layers and a focus on reporting relationships.

6 0
3 years ago
What is the process of converting illegally earned assets to conceal their origin?
Salsk061 [2.6K]
Its Money laundering
3 0
3 years ago
Read 2 more answers
On January 1, 2018, Wellburn Corporation leased an asset from Tabitha Company. The asset originally cost Tabitha $450,000. The l
nlexa [21]

Answer:

Cash                                     $33,000  

     To Deferred rent revenue        $33,000  

(Being cash is recorded)

Explanation:

The Journal entry is shown below:-

January 1, 2018

Cash                                     $33,000  

     To Deferred rent revenue        $33,000  

(Being cash is recorded)

For recording the Tabitha record on January 1, 2018, we simply debited the amount of cash and credited the deferred revenue as the payment is received.

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3 years ago
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