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3 years ago

1. The giving up of one benefit or advantage in order to gain another regarded as more favorable.

Business

1 answer:

Serjik [45]3 years ago

7 0

Answer:

1. Trade off

2. Opportunity cost

3. Cost-benefit analysis

4. Diminishing marginal utility

Explanation:

1. Giving up one benefit or advantage to gain another regarded as more favorable is called trade-off. Every economic decision involves some trade-off.

2. Opportunity cost is the second-best alternative or value of the alternative, that must be given up when making a choice. Because of scarce resources with alternative uses allocation of resources involves some opportunity cost.

3. Cost-benefit analysis can be defined as the process of examining the benefits and costs of each available alternative in arriving at a decision. Resources are allocated efficiently if the cost incurred and benefit earned is equal.

4. As we go on increasing the quantity consumed of a product, the marginal utility or satisfaction earned from its consumption goes on decreasing. This is called diminishing marginal utility.

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On January 1, 2021, Legion Company sold $240,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December

slavikrds [6]

Answer:

$7,514

Explanation:

Calculation for how Legion should report bond interest expense for the six months ended June 30, 2021

Using this formula

Bond interest expense=Bonds amount*Priced to yield percentage

Bond interest expense=$150,272*(10%/2)

Bond interest expense=$150,272*5%

Bond interest expense=$7,513.6

Bond interest expense=$7,514 Approximately

Therefore Legion should report bond interest expense for the six months ended June 30, 2021 in the amount of $7,514

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3 years ago

Shmenson Company uses the periodic inventory system. Sales for 2020 were $470,000 while operating expenses were $175,000. Beginn

jeka94

Answer:

The net income for 2020 was $90,000

Explanation:

Shmenson Company

Income Statement for the year ended 2020

Sales $470,000

Less Cost of Sales

Beginning Inventories $70,000

Add Net purchases $180,000

Add Freight In $15,000

Less Ending Inventories ($60,000) ($205,000)

Gross Profit $265,000

Less Expenses

Operating expenses ($175,000)

Net Income $90,000

Conclusion

Thus, the net income for 2020 was $90,000.

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3 years ago

The owner of a small color television set offers to sell it to a neighbor for $75. As the neighbor stands there thinking about t

NNADVOKAT [17]

If he was the first to say he wanted the product and the seller wants to sell it as fast as possible than yes. But not technically it would be a kind of verbal understanding and agreement.

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3 years ago

Which of the following is a difference between a push and a pull strategy? Group of answer choices End consumers are targeted in

zheka24 [161]

The difference between a push and a pull strategy is that wholesalers are targeted in a push strategy, whereas end consumers are targeted in a pull strategy.

<h3>What is push Marketing?</h3>

Push marketing basically involves all promotional strategies in which companies use to approach consumer or people to buy their products.

Pull marketing on the other hand means implementing a strategy that naturally draws consumer interest in your brand or products

Learn more about push marketing here: brainly.com/question/13362246

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2 years ago

A team of writers is just beginning a new documentation project. On their last project, the client complained that the completed

klio [65]

Answer:

b.) Create a style sheet

Explanation:

According to my research on writing and editing processes, I can say that based on the information provided within the question the best approach for avoiding such problems on the current project would be to create a style sheet. This refers to a record of types of changes made during the editing process and often covers all the types of errors that can be found in a certain document. This will allow them to fix the requests made by the client and not redo them by mistake later on.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago