Answer:
a.Attending a movie
Explanation:
The opportunity cost is the cost or value or the item foregone. That is way opportunity cost is also known as alternative foregone.
It is also known as the real cost. When the wants are listed in a scale of preference in the order of priority, the limited resources is used to satisfy the first item on the list while the next unfulfilled want is the opportunity cost.
Therefore, for John, the opportunity cost is attending the movie, option a.
Answer:
On August 2, balance in the Paid-in Capital, Treasury Stock account is $85
Explanation:
Please see my explanation in attachment
Answer:
<em>Q1 rises quantity of clam chowder demanded</em> as there will be more demand from complement goods for Oyster crackers as theri price decreases it.
Q2 rises the quantity the demand for oyster crackers as more persons will find a consumer surplus at a lower price therefore, more quantity.
Q3 demand for wheat flour increases as they are an input in the processing of Oyster crackers.
Q4: increase as the demand increases without an increase in supply which,
Q5 increase input prices of bread making decreases it resulting in:
Q6: rise of the price of bread making people
Q7 subtitute with cereal thus,
Q8 increasing the demand for cerals.
Explanation:
Answer:
A real account is a publicly generalized account that does not close at the end of the considered year. Apparently, the balances in real accounts are carried over to become the start of balances of the next period. Real accounts are also permanent accounts.
Answer: c. managers
Explanation:
The Sarbanes-Oxley Act of 2002 was passed into law after several accounting frauds rocked the nation in the early 2000's which included the Enron and the WorldCom sagas. These companies had engaged in fraudulent accounting recording practices that deceived investors and ultimately caused massive harm when they were discovered.
As a result, the aforementioned act was passed. One of it's key points is that Management will now be responsible for the accuracy of a firm's financial statements. This logic here is that they will scrutinize the statements more and ensure the accuracy of statements before they are released.