<span>Answer: $15
Explanation:
The opportunity cost is the opportunity lost in this case $300 at 5% annual interest = $315 after one year. So 315-300 =15 is the opportunity lost.</span>
Answer:
Correct option D
dominated by a small number of companies or, in extreme cases, by just one company, and such companies often are in a position to determine industry prices.
Explanation:
Consolidated industry will be able to deal with labourers in a better manner during wage negotiations.
As units join together their capital base will be widened and business can improve as mutual cost is reduced such as advertisement expenses.
They can secure raw material at cheaper rate through bulk purchases from seller.
Answer:
The adjusted trial balance is prepared after adjusting entries have been recorded and posted.
Explanation:
Only the adjusted trial balance is accurate and more up to date than an unadjusted trial balance and must be used to prepare financial statements.
The adjusted arise from the end of reporting period adjustment such as inventory valuation and errors that might have been identified during the reporting period.
Answer:
Explanation:
Product Line
A product line represents related products under a single brand name produced, grouped and sold by the same company. Organisations use product lines to keep and expand their consumer base by adding products that will appeal to their customers in the same line of products which they are familiar with.
A consumer will always be motivated to buy a complete kit of products in a product line to take care of similar issues such as skin care, face care among others rather than buying different products from different brands to make up a complete kit.
Most product lines are marketed in groups and are placed together to appeal to customers. Specifically, organisations know that consumers will be willing to test new products that are part of the same product line they have known and are used to.
Answer:
Debit Cash $900
Explanation:
The journal entry is as follows:
On April 7, 2021
Cash A/c Dr $900
To Account receivable A/c $900
(Being the cash is received)
Since the cash is received so we debited the cash account and credited the account receivable as it reduces the account receivable balance. No discount is given as the party has not paid the payment within 10 days