1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
e-lub [12.9K]
3 years ago
8

There is no such thing as a free lunch.This statement best reflects the fact that a. consumers are unwilling to pay for a good u

nless it provides them with value. b. an opportunity cost is always present when scarce resources are used to produce a good. c. it generally requires enormous effort to search out the best place to eat lunch. d. the value of a good to consumers will remain unchanged as they have more of it.
Business
1 answer:
Alexandra [31]3 years ago
6 0

Answer:  Option B

   

Explanation: Opportunity cost refers to the of loss of profit when an individual or firm chooses one alternative over other.

The statement in the given case, depicts the opportunity cost one has to pay of using the scarce resources  that could be sued on different alternatives.

The lunch is never free depicts that one could have used it in other alternatives that may have produced some economic benefits.

Hence, the correct option is B.

You might be interested in
Jerry's supervisor has asked him to revise a memo because his paragraphs are too long. how long should jerry's paragraphs be, on
gavmur [86]
 A memo is a short written type of communication used in formal organizations. Memos should begin with a clear and to the point purpose statement. It is usually recommended that they do not exceed one page in length. A paragraph in a memo should not be longer than three to four sentences. 
4 0
3 years ago
Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business,
JulsSmile [24]

Answer:

Ayala Architects

General Journal

April 1

Debit  : Cash $18,270

Credit : Common Stock $18,270

April 1

Debit  : Salaries expense ($381 x 4) $1,524

Credit : Salaries Payable $1,524

April 2

Debit  : Rent expense $914

Credit : Cash $914

April 3

Debit  : Supplies $1,320

Credit : Accounts Payable - Burmingham Company  $1,320

April 10

Debit  : Accounts Receivable $1,929

Credit : Service Revenue $1,929

April 11

Debit  : Cash  $711

Credit : Deferred Revenue

April 20

Debit  : Cash $2,842

Credit : Service Revenue $2,842

April 30

Debit  : Salaries expense $1,524

Credit : Cash $1,524

April 30

Debit  : Accounts Payable - Burmingham Company $305

Credit : Cash $305

Explanation:

Journal entry for the transactions have been prepared above.

4 0
3 years ago
VJasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sa
RoseWind [281]

Answer:

                                              April             May              June

Cash Sales             30%    $157,500     $160,500      $168,000

Sales on account   70%    <u>$367,500</u>    <u>$374,500</u>      <u>$392,000</u>

                                          <u>$525,000</u>    <u>$535,000</u>     <u>$560,000</u>

<u />

<u> </u>

                                        JASPER COMPANY

                                     Cash Receipts Budget

                                   For April, May and June

                                                                 April          May          June

<em>Cash Receipts from:</em>

Cash Sales                                         $157,500    $160,500   $168,000

Collection of accounts Receivable  <u><em>$400,000   $367,500   $374,500</em></u>

Total Cash Receipts                          <u>$557,500</u>   <u>$528,000</u>  <u>$542,500</u>

8 0
2 years ago
What is a pumpkin bug
Nataliya [291]

Answer:

The botanical name for squash bugs is Anasa tristis. This bug is very common in the USA and gets its common name from the fact that it is attracted to and lays its eggs on squash, as well as pumpkin plants. I've also seen the bugs on cucumber plants and other curcubits such as melons.

Explanation:

7 0
3 years ago
There is significant interaction between cash receipt transactions and accounts receivable because _______. a misstatement of ca
zlopas [31]

Answer:

a misstatement of cash receipts will result in a misstatement of accounts receivable.

Explanation:

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Basically, financial statements are formally written records of the business and financial activities of a business entity or organization.

There are four (4) main types of financial statements and these are;

1. Balance sheet.

2. Cash flow statement.

3. Income statement.

4. Statement of changes in equity.

A current asset can be defined as all of the assets that are being owned by a company or business entity and are expected to be converted into their cash equivalent through sales or use within a period of one year of its date on the organization's balance sheet.

Some examples of current assets are account receivables, marketable securities, cash equivalent, etc.

In Financial accounting, there exist a significant level of interaction between cash receipt transactions and accounts receivable because a misstatement of cash receipts will result in a misstatement of accounts receivable, which gives information about legally enforceable monetary claims that are to be recovered by a company from a customer who is yet to make payment.

3 0
3 years ago
Other questions:
  • In what FBLA region is Arkansas included​
    6·1 answer
  • Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded
    14·1 answer
  • For 2015, Bakers Manufacturing uses machine-hours as the only overhead cost-allocation base. The direct cost rate is $3.00 per u
    12·1 answer
  • Economist Bruce Kirchhoff contends that business failures are much lower than traditionally reported.
    13·1 answer
  • Kiosks and carts are ideal locations for
    5·2 answers
  • A decline in total real output for two or more consecutive quarters is referred to as
    13·1 answer
  • Your apartment gets robbed, and $1,560 worth of your belongings are gone. you have renter's insurance to cover the loss, but you
    14·2 answers
  • Why do you think setting goals can influence an employee's safety-related actions in the workplace?
    12·2 answers
  • The doctrine that allows for a more flexible use of copyrighted material such as for educational purposes is known as _____.
    14·1 answer
  • The answer is c i just got it right on plato
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!