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ad-work [718]
3 years ago
12

A country has two main products: hats and grapes. The country decides to start making more and more hats and fewer and fewer gra

pes. Why does the opportunity cost of making hats increase as more and more hats are produced?
Business
1 answer:
Dmitriy789 [7]3 years ago
8 0

Answer:

Because as more hats are produced less grapes can be produced.

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

There are two commodities that can be produced by the country- hats and grapes.

If the country decides to increase production of hats, it has to reduce the quantity of hats that can be produced, therefore the opportunity cost increases.

Explanation:

For example, let assume a country can produce 30 grapes and 30 hats. If it decides to increase the amount of hats produced to 40, only 20 grapes can be produced. If it decides to increase to 50 hats only 10 grapes would be produced and if it decides to produce 60 hats, no grapes would be produced.

It can be seen that opportunity cost increases as more hats are produced

I hope my answer helps you

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Generally, regardless of threat or vulnerability, there will ____________ be a chance a threat can exploit a vulnerability.
ehidna [41]

Answer:

The correct answer is letter "C": always.

Explanation:

Vulnerability management is responsible for the prevention, identification, and elimination of threats that might exploit vulnerabilities in a software system. After the threat has obtained unauthorized access, the threat will damage or destroy the software and no matter how big the software's weakness is, a threat will exploit it.

4 0
3 years ago
2) The costs of direct materials are classified as: B) C) D) A) Choice A B) Choice B C) Choice C D) Choice D Conversion cost Yes
RoseWind [281]

Answer:

Manufacturing cost , Prime cost

Explanation:

The direct materials are used in production and can be directly traced to the cost object.Thus direct materials are manufacturing costs and prime cost of a cost object.

5 0
3 years ago
the fair value of Blossom is estimated to be $820,800. The carrying value of Blossom’s net identifiable assets, including the go
Greeley [361]

Answer:

Cullumber Company

Journal Entry:

Debit Loss on Goodwill Impairment $34,200

Credit Goodwill $34,200

To record the loss on goodwill impairment.

Explanation:

a) Data and Calculation:

Fair value = $820,800

Carrying value of net identifiable assets, including goodwill = $855,000

Goodwill impairment = $34,200 ($855,000 - $820,800)

b) Cullumber, which acquired Blossom is expected to check for the impairment of goodwill yearly.  The impairment occurs when the carrying value of the net identifiable assets of Blossom is more than the fair value of Blossom.  Generally Accepted Accounting Standards require the annual review of the fair value of goodwill to check for its impairment.  By the above entry, the goodwill will be reduced by $34,200 and a loss debited in Cullumber's accounts.

4 0
3 years ago
Schultz Tax Services, a tax preparation business had the following transactions during the month of June:
Nastasia [14]

Answer:

$29,280

Explanation:

It is important to consider only cash transactions when preparing a Cash Reconciliation.

<u>Schultz Tax Services Cash Reconciliation</u>

Cash, June 1                                                                $25,000

<u>Plus: cash receipts for June</u>

Receipts for Accounting Services        $3,000

Receipts from Accounts Receivables  $3,800           $6,800

<u>Minus: cash payments for June</u>

Advertising expense paid                       $800

Dividends paid                                       $1,500

Telephone expense paid                        $220          ($2,520)

Cash, June 30                                                             $29,280

Conclusion :

The balance of Cash at June 30 is $29,280

8 0
3 years ago
Kevin works in an airline office. He has a habit of visiting social networking sites on his office computer during work hours. W
andreyandreev [35.5K]

Option e, using company resources for personal use

He should use his own phone or home device, and not at work

3 0
2 years ago
Read 2 more answers
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