Answer:
To start a job today that would permit you to earn about 50 percent more than you expected to make after graduation.
Explanation:
Opportunity cost is the cost of best next option foregone for choosing the current option. Here, the best opportunity foregone is of earning and starting the job today which will allow to earn 50 % more than what can be earned after completing the graduation, as already for graduation fees will be paid, along with further expenses. In that case if dropping graduation and starting a job was this beneficial then it would have been better.
Therefore the following has increased the opportunity cost of pursuing graduation.
to start a job today that would permit you to earn about 50 percent more than you expected to make after graduation
Answer:
The net worth (owners' equity) for this business is $2.2 million
Explanation:
Net worth: It is also known as owner's equity which is a difference between total assets and total assets.
In this question, we use the accounting equation which is used to balance the debit and credit side of the balance sheet items.
So, the accounting equation is
Total Assets = Total Liabilities + Owner's Equity
where,
Company assets are $3.5 million
And, liabilities is $1.3 million
Now, apply the above equation to find out the value of the owner's equity
So, owner equity would be equals to
= $3.5 million - $1.3 million
= $2.2 million
Hence, the net worth (owners' equity) for this business is $2.2 million
Answer:
Date Account Title Debit Credit
May 7 Materials $9,600
Accounts Payable $9,600
<u>Working:</u>
= Units purchased * cost per unit
= 640 * 15
= $9,600
As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.
Answer:
25,500 units
Explanation:
Sales units = Opening stock + Production - Closing stock
<em>So, we input the figure with aid of the above formulae</em>
25,000 units = 500 units + Production units - 1,000 units
Production units = 25,000 units - 500 units + 1,000 units
Production units = 25,500 units.
So, the number of units set forth in the production budget, representing total production for the current period is 25,500 units.
