Answer:
The answer is C. Boning knife
Answer:
A) March 31 journal entries for wages expense and wages payable
- Dr Salaries and Wages Expense account 64,000
- Cr FICA Taxes Payable account 4,896
- Cr Federal Income Tax Payable account 7,500
- Cr State Income Tax Payable account 3,100
- Cr Union Dues Payable account 400
- Cr Salaries and Wages Payable account 48,104
B) March 31 journal entries for company's payroll tax expenses
- Dr Payroll Tax Expense account 5,596
- Cr FICA Taxes Payable account 4,896
- Cr State Unemployment account 700
Answer:
Which of the following is true if you decide to take the vacation?
(B) The benefits of going on the vacation exceed the benefits you would obtain from the new computer.
Explanation:
The benefits of going on the vacation exceed the benefits you would obtain from the new computer.
The cost of going on the vacation is less than the cost of the computer.
The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices which is in terms of entertainment, food, and shopping. Thus, statement B is correct.
<h3>What do you mean by opportunity cost?</h3>
In microeconomic theory, the opportunity cost of a particular activity alternative is the loss of price or advantage that could be incurred through engaging in that activity, relative to engaging in an alternative activity providing a better return in value or advantage.
The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices in terms of entertainment, food, and shopping. Thus, statement B is correct.
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