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mart [117]
4 years ago
11

If a family spends its entire budget in a given time frame, the family can afford either 90 cans of soup or 60 frozen dinners. A

ssuming the family spends its entire budget on just these two goods, what is the opportunity cost of one extra can of soup in the time frame? (Round your answer to two decimal places.)
Business
1 answer:
g100num [7]4 years ago
8 0

Answer:

0.67

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If the family buys one can of soup, the opportunity cost is the frozen food forgone.

Opportunity cost of one can of soup = 60 / 90 = 0.67

I hope my answer helps you

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You purchased a stock at a price of $54.24. The stock paid a dividend of $1.39 per share and the stock price at the end of the y
Dafna1 [17]

Answer:

 Capital loss = $(5.46)

Explanation:

<em>Return on investment would be the proportion of the amount invested that is earned as profit. </em>

<em>Profit here includes dividends earned plus capital gains less broker's commission. </em>

<em>Capital gains/(loss) represents an appreciation/(depreciation) in the stock value. It is usually measures by the change in the stock value over the investment period under focus</em>

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The dividend would not be included simply it is not a capital item

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7 0
3 years ago
On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $53,600
mojhsa [17]

Answer:

$1,420

Explanation:

The computation of the bad debt expense is shown below:

As we know that

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Basically we applied the above formula to find out the bad debt expense

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