Answer:
a. 79
Explanation:
Opportunity cost can simply be defined as the alternative forgone. That is, opportunity cost is that good, commodity or service or whatsoever is sacrificed in order to obtain another. In economics, it is known as real cost. Thus in the question above, Jose employes strategy A such that when he prepares for two exams in one evening, the opportunity cost of receiving a 94 point on Economics exam is 79 points on the statistics.
Answer:
The correct answer is option (b) Little capital
Explanation:
Solution
With a little capital this will help Lily to choose a sole proprietorship organization for her business. a sole proprietorship can begin with a little capital.
The option (a) is not correct as possession of a partner will not lead her to start a sole proprietorship business.
Also the option (c) is not correct the avoidance of personal liability is not the reason because in sole proprietorship, Lily will be liable for her debts.
Answer:
Entries are given below
Explanation:
The entry that should be made on January 1 would be
Cash 501,600(w1) Debit
Premium on bonds 61600(w2) Credit
Bonds payable 440000 Credit
<u>Working 1 </u>
Cash proceeds = $440,000/100 x $114
Cash proceeds = $501600
<u>Working 2 </u>
Premium = selling price of bond - Face value of the bond
Premium = $501,600 - $440,000
Premium = 61600
Answer:
<u>(d)True, brokers often have inside information that is generally not available to the public. You should listen to her and profit from her inside knowledge</u>
Explanation:
- A broker is a person who has knowledge and expertise in his field of tradings and takes his commission for the services provided as these brokers also tend to have inside information and the success of the broker for the past five years proves this fact.
- Most of them typically have a formal license and proper training. Most of them are flexible and do dealing with face to face.
Answer:A. A liability amount placed in the Income Statement Credit column.
Explanation: A balance sheet is a financial statement which contains a report of what a business owes(debts), what a business owns(credits) and the total amount or value of the shareholders investments. It helps businesses to calculate or determine it's financial status.
Errors can be encountered while preparing balance sheet,by recording the Liability or debt in the income or credit column of the balance sheet.
