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koban [17]
3 years ago
14

Share an example from your life where you had to make a choice knowing that you are giving up opportunities for doing or gaining

something else..Tell us about your thinking process and how you arrived at the final choice you made. Would you make the same choice gain?
Moreover, why do consumers make choices when they acquire something (jobs, money, friends, vacations, sleep, living places, etc.), and why do individual producers or nations have to choose the type, quality, and quantity of what they produce?
Business
1 answer:
Alik [6]3 years ago
7 0

Explanation:

I would have to give up my dream of getting an economics degree because I felt that an economics degree would give me a more stable future. My parents always believed that, after finishing my education, I should pursue my acting career.

I'd make another choice, since I'm happy with my job now. If I choose to perform, I should have struggled a lot.

Consumers C make decisions because each action has a risk cost. You can't do two things at the same time and must choose one.

Individual producers / nations must choose what they are to produce, how they are to produce and how much they are to produce, as their resources are limited and their alternatives are being applied.

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3 years ago
Although mcdonald's (opening case) is competing in an unattractive industry, it has improved its performance by focusing on prod
Finger [1]

The resource based model.

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4 0
3 years ago
So is everyone equally free when it comes to spending their money
almond37 [142]
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8 0
3 years ago
Read 2 more answers
Park Corporation is planning to issue bonds with a face value of $2,002,000 and a coupon rate of 10 percent. The bonds mature in
andrezito [222]

Answer:

1. Dr Cash $2,253,934

Cr Bonds Payable $2,253,934

2. Dr Interest Expense $96,919

Dr Bonds payable $3,181

Cr Cash $100,100

3. $2,250,753

Explanation:

1. Preparation of the journal entry to record the issuance of the bonds.

January 1

Dr Cash $2,253,934

Cr Bonds Payable $2,253,934

(To record the issuance of the bonds)

2. Preparation of the journal entry to record the interest payment on June 30 of this year.

June 30

Dr Interest Expense $96,919

Dr Bonds payable $3,181

($100,100-$96,919)

Cr Cash $100,100

(To record the interest payment)

Workings:

$2,002,000 × 0.28689 = $574,354

$100,100* × 16.77902 = 1,679,580

Issue price = $2,253,934

Interest: $2,002,000 × .10 × 1/2 = $100,100

June 30:

Interest Expense: $2,253,934 × .0430 = $96,919

3. Calculation to determine what bonds payable amount will Park report on its June 30 balance sheet

Park Corporation Balance sheet (Partial) June 30

Long term Liabilities:

Bonds payable $2,250,753

($2,253,934-$3,181)

Therefore the bonds payable amount Park will report on its June 30 balance sheet is $2,250,753

8 0
3 years ago
On January 1, 2020, Ann Price loaned $192186 to Joe Kiger. A zero-interest-bearing note (face amount, $270000) was exchanged sol
Brums [2.3K]

Answer:

The amount of interest income should Ms. Price recognize in 2020 is $23,062

Explanation:

Amount of interest income should Ms. Price recognize in 2020

= $192186*12%

= $23,062.32

= $23,062

Therefore, The amount of interest income should Ms. Price recognize in 2020 is $23,062

3 0
3 years ago
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