The opportunity cost of producing one fish for Pilau is 1/4 coconut.
<h3>
What is the opportunity cost?</h3>
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Opportunity cost arises because the resources available to carry out production activities are available in limited quantities. So, when economic agents decide to produce a good, they forgo the opportunity to use the same resources to produce another good.
Economic theory suggests that the good that should be produced is the good that has the least opportunity cost.
Opportunity cost for Pilau of producing fish : 20 / 60 = 1/4 coconut
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The compound interest on the given information is 204 Rs.
<h3>What is compound interest?</h3>
Interest received on both the principal amount of your savings and any prior amount is known as compound interest.
The calculation for compound interest-
A = P [ 1 + r/100]^n
Principal amount=2500
Time = 2 years
Rate of interest =4%
A stand for Total Amount = Principal amount + Interest
Total amount = 2500 × (1 + 4/100)²
= 2500 × ( 1 + 1/25)²
= 2500 × (26/25)²
= 2500 × (676/625)
= 2704
Interest = Total amount - Principal amount
= 2704-2500
= Rs. 204
Therefore, the compound interest will be Rs. 204.
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Answer:
The correct answer is letter "A": voluntary agreements.
Explanation:
Informal institutions are groups of people that gather voluntarily because of common social rules under non-regulated scenarios. Clans are examples of informal institutions. Informal institutions are not considered as a culture and tend to have a self-enforcing regulatory operations approach.
Answer:
The Journal entries are as follows:
(a) On February 1,
Allowance for doubtful accounts Dr. $8,800
To Account receivable-Oakley Co $1,900
To Account receivable-Brookes Co $6,900
(To record write off)
(b) On June 5,
(i)
Account receivable-Oakley Co. Dr. $1,900
To Allowance for doubtful accounts $1,900
(To record amount reinstated)
(ii)
Cash A/c Dr. $1,900
To Account receivable-Oakley CO $1,900
(To record cash received)
<span>Office of Management and Budget examines the cost of a bill. A proposed bill is given a cost forecast, and they conduct in-depth analysis while also ensuring the bill is legal. The Office of Management and Budget is also responsible for budget proposals.</span>
