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denis-greek [22]
3 years ago
8

Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make either 8 pancakes or 2 waffle

s. According to this scenario, the opportunity cost of making one waffle for Maria is
Business
1 answer:
masya89 [10]3 years ago
3 0

Answer:

The cost of opportunity is 4 pancakes.

Explanation:

The cost of opportunity is by definition the amount of things you don't do or buy, because of choosing doing or buying something else. In this case, Maria can make:

  • 8 pancakes
  • 2 waffles

This means that at every moment, she can choose to make or 8 pancakes or 2 waffles, but not both. If we continue with this logic, in the time she could make 1 waffle, she could have chosen to make 4 pancakes. This is her cost of opportunity.

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Explanation:

Cost to buy : $55/ 10,000= 550,000


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6 0
2 years ago
Suppose the economy is in a liquidity trap. True or false. A monetary contraction will not have any effect on the nominal intere
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At the end of the year, the deferred tax asset account had a balance of $4 million attributable to a temporary difference of $16
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Answer:

1 . Dr ncome tax expense 7

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2. Dr Income tax expense3

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Explanation:

Preparation of Journal entries

JournalDebitCredit

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(3/4 × $4) = $3 million

Deferred tax asset= ($16× 25%)

Deferred tax asset= $4 million

Income tax payable= ($44 × 25%)

Income tax payable= $11 million

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