Most time, it is reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.
<h3>
What is an opportunity cost?</h3>
It refers to a value of what is rejected in order to perform the chosen alternative, that is, the value one have to give up to buy what you want in terms of other goods or services.
Therefore, it is sometimes reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.
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Answer:
The net financing cash flows is $5000 as shown below.
Explanation:
The net financing cash flows is calculated below:
Receipt from bank for long-term borrowing $6000
Payment of dividends <u> ($1000)</u>
Net financing cash flows $5000
Receipt of $10000 relates to operating cash flows as it is cash receipt in the ordinary course of business
Payment to suppliers of $5000 is an operating cash flow as well as suppliers are paid for supplying the items that the business deals in, same applies to payment to workers of $2000.
Lastly, the payment for machinery of $8000 relates to investing activities of the business as it an expenditure incurred to generate more returns.
Answer: Allowance for the doubtful accounts with a credit balance of $29,600
Explanation:
From the information that is provided in the question, the following can be deduced and the year-end financial statements should show:
Allowance for the doubtful accounts with a credit balance will be calculated as: the beginning allowance for the doubtful accounts + (the sales × Provision % ) - accounts receivable that were written off.
= $3,500 + ($1,110,000 × 3%) - $7,200
= $3500 + $33300 - $7200
= $36800 - $7200
= $29,600
Answer:
ASRC advertising self regulatory council
Answer:
corporations
Explanation:
A corporation is a limited liability form of business ownership. It is considered a separate and district entity from the owners. As per the law, a corporation is a legal person. It can do business transactions, own properties, incur liabilities, sue, and be sued.
Due to its limited liability feature, the owners of corporations are not liable to its debts. Limited liability protects the properties of shareholders from being interfered with should the corporation fail to pay its obligations. The owners are liable up to the extent of the share contribution.
