Answer:
the correct answer is (D) more expensive transportation
good luck
The opportunity cost of 1x is 29y.
<h3>What is the opportunity cost?</h3>
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives.
It can be seen that the economy can produce a maximum of 30 units of either product x or y. If 1 of x is being produced, the opportunity cost is 29 (30 - 1)y.
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<span> Iron, magnesium ,and chromium.</span>
Answer:
The correct answer is: 13,3%.
Explanation:
A company's market share is the percentage of the total market for its products that it controls. Companies that increase their market share enjoy a competitive advantage. They receive better prices from suppliers and they are able to produce goods faster.
Thus, Levon's family business market share is:
- Market share = Units sold by one company / Total units sold in the market
- Market share = 266 / 2000
- Market share = 13,3%
Answer:
1. The prepaid insurance account shows a debit of $5,280, representing the cost of a 2-year fire insurance policy dated August 1 of the current year.
- Dr Insurance expense 1,100 (= $5,280 x 5/24 months)
- Cr Prepaid insurance 1,100
Five months of insurance expense must be recorded for August - December.
2. On November 1, Rent Revenue was credited for $1,800, representing revenue from a subrental for a 3-month period beginning on that date.
- Dr Rent revenue 600 (= $1,800 x 1/3 months)
- Cr Unearned revenue 600
Rent revenue corresponding to January cannot be recorded as earned yet, so it must be recorded as unearned revenue (liability).
3. Purchase of advertising materials for $800 during the year was recorded in the Advertising Expense account. On December 31, advertising materials of $290 are on hand.
- Dr Advertising supplies (or materials) 290
- Cr Advertising expense 290
Unused advertising material is considered an asset that can be used during the next period, the same as any other supplies.
4. Interest of $770 has accrued on notes payable.
- Dr Interest expense 770
- Cr Interest payable on notes payable 770
Accrued interest must be recorded as an expense during the period in which it occurs (accrual principle).
