Answer:
A. It is the income foregone by not using a resource in an alternative way.
Explanation:
Opportunity cost is the income foregone by not using a resource in an alternative way.
Opportunity cost is refers to the value of what you have to give up in order to choose something else. It can also be called REAL COST.
It also refers to the value or benefits of something that must be given up in order to acquire another thing.
Answer:
<u>Company's total inventory</u> 30,850
Camaras: 10,960
Camcorders: 8,850
DVDs: 11,040
Explanation:
<u>Camaras: </u>
cost: 10,960
net realizable value: 12,060
<u>Camcorders: </u>
cost: 8,850
net realizable value: 9,170
<u>DVDs: </u>
cost: 12,100
net realizable value: 11,040
<u>Company's total inventory</u>
10,960 + 8,850 + 11,040 = 30,850
We must pick between the historic cost or the net realizable value the lower. The reasoning behind this is the conservatism accounting principle to keep the assets valued at minimum.
Answer:
The answer is D, the grievance is brought before a court which decides the case.
Explanation:
A grievance procedure is a process adopted within an organisation for the purpose of resolving conflicts. Most of the time, it is meant to resolve conflict between individuals of lower cadre or hierarchy in an organisation and people in the top management position.
There are about six different procedure in the grievance process and taking a grievance to the court to decide on a case is not one of them. However, it is worthy to note that when all necessary grievance procedure have been utilized and there seem not to be a resolution in sight, a third part arbitrator in invited into the scene which mostly is between high management personnel.
The best early career choice for the senior interested in ultimately becoming a certified fraud examiner is to start working as an internal auditor. The work profile of an internal auditor complements the responsibilities performed by a certified fraud examiner. Since an internal auditor is someone who has the opportunity to work in all areas of the business. There is practical exposure in compliance, operational, and financial auditing.
Answer:
It will take 6 whole years to be able to withdraw all the money
Explanation:
To calculate the number of years it will take for the present value in your account to reach the future value we can adopt the expression below;
FV = PV (1 + r/n)^(nt)
where;
FV = the future value of the initial investment
PV = Present value of the initial investment
r = the annual interest rate
n = the number of times that interest is compounded per unit t
t = the time the money is invested for
In our case;
FV=$6,600
PV=$4,400
r=8/100=0.08
n=interest is compounded annually which is once a year=1
t=unknown
Replacing values in the formula;
6,600=4,400(1+0.08/1)^(1×t)
6,600=4,400(1+0.08)^t
6,600=4,400(1.08)^t
1.08^t=6,600/4,400
1.08^t=1.5
ln 1.08^t=ln 1.5
t×ln 1.08=ln 1.5
t=(ln 1.5)/ln 1.08
t=5.3 years
It will take 6 whole years to be able to withdraw all the money
