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Yanka [14]
3 years ago
14

The opportunity cost of a decision is that: a. value of all the alternatives not chosen. b. value of the best alternative not ch

osen. c. cost of making the wrong choice. d. cost incurred by others who are unhappy with your decision.
Business
1 answer:
Aneli [31]3 years ago
5 0

Answer:

a. value of all the alternatives not chosen

Explanation:

Opportunity cost is the value of the alternative forgone. it is also called real cost or alternative forgone.

It is an economic concept that stems from the fact that wants are unlimited however, the resources available to satisfy those wants are limited and as such, choices have to be made.

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The following events took place at a manufacturing company for the current year: (1) Purchased $95,000 in direct materials. (2)
raketka [301]

Answer: B. Work-In-Process Inventory XXX Wages Payable XXX

Explanation:

The method of accounting for Direct labor during production is to apportion it to Work in Process inventory because as a direct cost, it should form a part of the cost of producing the good.

The Work in Process Inventory will therefore be debited to reflect an increase and the Wages Payable will be credited to reflect that the wages are a liability owed to workers.

5 0
2 years ago
How is the market supply curve derived from the supply curves of individual producers?.
NNADVOKAT [17]

The way that the market supply curve is derived from the supply curves of individual producers is by horizontally adding the individual supply curves.

<h3>How is the market supply curve estimated?</h3>

The market supply curve is estimated by adding up all the individual supply curves in the market. This therefore shows the total amount os supply for a good or service in the market.

The way that this addition is done is by horizontally adding the supply curves. What this means is that the quantities that are being offered by each individual suppliers at the various prices in the market, are added up to come up with the market supply curve.

Options for this question are:

  • a. finding the average price at which sellers are willing and able to sell a particular quantity of the good.
  • b. vertically summing individual supply curves.
  • c. finding the average quantity supplied by sellers at each possible price.
  • d. horizontally summing individual supply curves.

Find out more on the market supply curve at brainly.com/question/26430220

#SPJ1

8 0
1 year ago
Given the following information, what is Macy’s market capitalization? Annual Sales $27.5B Annual Net Income $1.5B Earnings Per
Andrew [12]

Answer:

D) $21.6B

Explanation:

Market capitalization equals the total number of outstanding share multiplied by the sare price, therefore:

Market Capitalization = 360,000,000 shares x $60 price per share

                                    = $21,600,000,000

Thus, the total market capitalization is $21.6 billion

5 0
3 years ago
A company had net cash flows from operations of $341,000, net income of $286,000 and average total assets of $1,850,000. The cas
KatRina [158]

Answer: 18.43%

Explanation:

Based on the information given, the cash flow on total assets ratio will be calculated as:

= (net cash flows from operations / average total asset) × 100

= ($341,000 / $1850000) × 100

= 18.43%

Therefore, the answer to the question is 18.43%

8 0
3 years ago
The average GDP per capita for the world is about _________ and approximately ______ of the world population lives below that nu
WITCHER [35]

Answer:

I'll go with option C

According world bank data the GDP per capita for the World as at 2018 is 17,912.368 ( current international $)

5 0
3 years ago
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