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Mkey [24]
3 years ago
6

Opportunity costs ______. are benefits that are given up when selecting one alternative over another are uncommon in decision ma

king should be considered in decision making are part of traditional accounting records
Business
1 answer:
musickatia [10]3 years ago
7 0

Answer: are benefits that are given up when selecting one alternative over another.

Explanation: When faced with the decision to make a choice between two probable options or the need to give up a certain amount of a product in other to increase production of another, the benefit or choice forgone by opting to go for an alternative is called opportunity cost. Put simply, the cost incurred or loss associated with giving up a certain investment for another.

Opportunity cost can be computed mathematically using the relation:

Opportunity cost = (Return on best forgone option - return on chosen alternative).

Opportunity cost is often considered in other to guide and weigh investment options.

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A nation's real GDP was $250 billion in 2015 and $265 billion in 2016. Its population was 122 million in 2015 and 125 million in
sladkih [1.3K]

Answer:

The correct answer is option C.

Explanation:

The real GDP of a nation was $250 billion in 2015, its population was 122 million.

In 2016, its real GDP was $265 billion and its population was 125 million.

The real GDP per capita in the year 2016 is

= \frac{Real\ GDP}{Total\ Population}

= \frac{\$ 265\ billion}{\$ 0.125\ billion}

= $2,120

The GDP per capita in 2016 is $2,120.

8 0
3 years ago
Key West To Go, located in Key West, Florida, builds and sells scooters. These are sold to several local shops in the area, who
beks73 [17]

Answer:

d. 42.90 hours

Explanation:

y = aQᵇ

y = average time to produce one more unit

a = the time it took to produce the first unit

Q = cumulative production

b = learning rate = [(log learning rate in %) / log 2] = -0.152003093

learning rate in % = 10.8 / 12 = 0.9 = 90%

cumulative quantity             average hours per unit               total hours

1                                                    12                                               12

2                                                   10.8                                            22.8

3                                                   10.38                                          33.18

4                                                   12 x 4⁻⁰°¹⁵²⁰⁰³⁰⁹³ = 9.72            42.90

3 0
4 years ago
You purchase a bond with a coupon rate of 8.6 percent, a par value of $1,000, semiannual coupons, and a clean price of $860. If
arlik [135]

Answer:

The answer is $881.5

Explanation:

Solution

Given that:

The accrued interest is  refers to the payment (coupon) for the time with the fraction of the time that has exceed since the last coupon payment.

Since we have a semiannual coupon bond, the coupon payment for six months is 1/2 of the annual coupon payment.

Three months has exceeded since the last coupon payment.

So the accrued interest for the bond is given below:

Accrued Interest = $86/2 * 3/6

= $21.5

Thus

The price (dirty) = Clean Price + Accrued Interest

= $860 + $21.5

= $881.5

Therefore the invoice price is $881.5

4 0
4 years ago
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
Olenka [21]

Answer and Explanation:

The journal entry is given below:

Work in process inventory Dr $100,000

   To raw material inventory $100,000

(being the usage of the direct material is recorded)

here the work in process is debited as it increased the assets and credited the raw material inventory as it decreased the assets

8 0
3 years ago
An advertisement for the xerox corporation encourages customers to say, "copy it" rather than "xerox it." this indicates that xe
BlackZzzverrR [31]
Xerox is fearful that that its brand name might become a GENERIC NAME. A brand name becomes a generic name when the brand name becomes a common name and is identified with a category of goods rather than a particular product of a specified manufacturer.
8 0
3 years ago
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