All categories

3 years ago

_____ refer to all of the opportunity costs of using resources that belong to the firm.

Business

1 answer:

never [62]3 years ago

4 0

Answer: Implicit costs

Explanation: Implicit costs is a form of opportunity costs that is based on resources that is already owned by the firm. They are implicit because the firm already owns them. They form part of opportunity costs because the firm needs to decide how to use them, thus losing out on other ways the firm could have used these resources. It is thus based on internal resources already owned instead of still needing to choose between alternatives to spend on resources externally.

You might be interested in

Oaktree Company purchased new equipment and made the following expenditures: Purchase price $ 45,000 Sales tax 2,200 Freight cha

olganol [36]

Answer and Explanation:

The journal entries are shown below:

1. Equipment($45,000 + $2,200 + $700 + $1,000) $48,900

To Accounts payable $47,200 ($45,000 + $2,200)

To Cash $1,700

(Being the equipment is purchased on cash and credit)

Since the equipment is purchased so it would be debited and the other two accounts i.e account payable and the cash is credited

2.Prepaid insurance $900

To Cash $900

(Being the payment is recorded)

Since there is a prepaid insurance and the same is increased in assets so it would be debited and the cash is paid so it would be credited

3 0

3 years ago

Suppose that Greece and Switzerland both produce oil and shoes. Greece's opportunity cost of producing a pair of shoes is 4 barr

Iteru [2.4K]

Answer:8 barrels of oils per pair of shoe

Explanation:Greece and swizerland will need an average price by which they can both gain from trade.To ascertain the average price is by adding the 4 barrels of oil which Greece can forfeit and the 10 barrels of oil which Switzerland could also forfeit if it were into producing shoes.10+ 4 = 14/2 which almost 8 barrels to be given in exchange in other ensure a fair trade between both trading partners.

8 0

3 years ago

If the actual unemployment rate is 7% and the cyclical unemployment rate is 2%, then the natural rate of unemployment is:

Luden [163]

Answer:

Hello Friend, I've done my personal research, and I apologize if the answer is incorrect.

The natural unemployment would be 5%.

Explanation:

The percentages of both kinds of employment statuses have an amount of what the natural rate of unemployment would be 5% which is the answer that is provided.

7 0

3 years ago

At the end of the prior year, Doubtful Inc. had a deferred tax asset of $18,500,000 attributable to its only timing difference,

iren [92.7K]

Answer:

Journal entries to record Doubtful's income tax expense for the current year.

No Account titles and Explanation Debit'$ Credit'$

1 Income tax expense 8,945,000

Deferred tax asset 3,800,000

[(42,000,000*35%) - 18,500,000]

Income taxes payable 5,145,000

[(14,700,000*35%)]

(To record tax expenses)

2 Income tax expense 1,270,000

Valuation allowance - deferred tax asset 1,270,000

(3,730,000 - 5,000,000

(To record valuation allowance)

7 0

3 years ago

Pepsi has cooperated with America on the Move to improve many of its products and their labels, such as reducing the saturated f

Kitty [74]

Answer:

ShareHolders.

Explanation:

A share holder is the ultimate owner of any company who has invested his share in return of the profits earned.

Hence, this form of social responsibility by Pepsi will portray a positive image of Pepsi in the market and will ultimately help the shareholders in the form of increased revenue due to more sales and high profits.

I hope this helps. Best of Luck.

4 0

3 years ago