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Anna71 [15]
4 years ago
8

1} When making decisions regarding the use of resources, options NOT chosen are known as which of the following?

Business
1 answer:
Trava [24]4 years ago
6 0

Answer: The answer is C opportunity cost of the option chosen

Explanation:

Human want are numerous while the resources to satisfy them are limited in supply. Because of the scarcity of resources this informed the use of scale of preference to rank our want in their order of preference. Then arise the concept of opportunity cost ,opportunity cost is the value of benefit sacrifice in favour of an alternative course of action in the sense that the acceptance of one option will automatically lead to the rejection of the second option. It is the cost of doing anything that could have been obtained if that particular decisions has not been taken. The return forgone from its use is the opportunity cost.

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A family spends $40,000 a year for living expenses. If prices increase by 4 percent a year for the next three years, what amount
yKpoI14uk [10]

Answer:

$44,994.56

Explanation:

Provided that

Spending amount for living expenses by a family = $40,000

Percentage increase is 4%

Number of years = 3

So, the family living expenses after three years equal to

= Spending amount for living expenses by a family × (1 + rate)^number of years

= $40,000 × (1 + 0.04)^3

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4 years ago
How to calculate a trial balance​
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Answer:

Here is the answer

hope it helps u

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<h2>( ^_^ ) </h2><h2 /><h2 /><h2>BTS ARMY GIRL ( 방탄소년단 )</h2>

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6 0
3 years ago
You’ve been asked to add a new customer for your client in their QuickBooks Online company, so, you go to the Sales Center and s
sveticcg [70]

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(2) Select the add customer button

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Explanation:

we know here client ask for add a new customer in Quick Books

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Read 2 more answers
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