The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.
<h3>What is meant by opportunity cost?</h3>
This is the term that is used to talk about the foregone alternative. It is what would have to be neglected because of another choice that has to be taken.
What this means is that the money that would have been spent on other aspects of the government was spent on the world cup so the benefits that the people would have gotten from the options are lost.
Hence we can say that The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.
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Answer:
The amount of revenue to be recognized at 31st March is $383500
Explanation:
The revenue amount that should be recognized in the income statement as at March 31,2020 is the sales price of $365000 plus three months of installation fee since installation is expected to last six months and three months have passed since installation began.
Hence, the amount of revenue as at 31st March is calculated thus:
Sales price $365000
Installation fee for 3 months(3/6*$37000) <u>$18500</u>
Total revenue as at 31st March $ 383,500
The rationale behind this is that revenue is only recognized when the seller has discharged his or her obligation under the contract not when cash is received and it is very clear that installation has been undertaken for 3 out of 6 months
Explanation:
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Answer: A. dialectic method
Explanation:
The DIALECTIC METHOD or DIALECTICS at it's basic level is a sort of debate between people of opposing viewpoints who wish to use the debate to come up with the best viewpoint by stating the facts and truths of their viewpoints.
They speak on whatever misgivings they may have about the other and explain in a logical manner why their views are better.
It is 'sort' of like a debate because unlike debates, it isn't supposed to get emotional but be fact and merit based.
A. More education can help increase life expectancy. :)
