Answer:
B. Watching TV
Explanation:
Opportunity Cost is the cost of <u>next best alternative</u> forgone while choosing an alternative.
Eg: If I can consume apples & oranges, I like apples more than oranges. The opportunity cost of apples consumption is the next best option i.e oranges forgone.
As per given preferences : Book Reading > Watching TV > Listening Music
( '>' refers to preferred over)
The opportunity cost of Book reading is the next best option sacrifised i.e Watching TV.
Answer:
The cash collection on September 9 is records by the entry:
Debit Cash $5,300
Credit Accounts Receivable $5,300
Explanation:
Barnes Books allows for possible bad debts. On May 7, the company writes off a customer account. The journal entry:
Debit Allowance for Doubtful Accounts $5,300
Credit Accounts Receivable $5,300
On September 9, the customer unexpectedly pays the $5,300 balance. The journal entries:
1. Debit Accounts Receivable $5,300
Credit Allowance for Doubtful Accounts $5,300
2. Debit Cash $5,300
Credit Accounts Receivable $5,300
Answer:
a) although both methods result in the same net increase or decrease in cash for the year, net cash flow from operating activities will be different under the two methods
Explanation:
Using the indirect method, computation of cash flow from operating activities begins with net income as shown in the income statement. The FASB also permits both methods but has expressed a preference for the direct method and the direct method shows the specific cash inflow and outflows for each operating activities of the business.
This option that does not align with the differences between the 2 methods is that the cash flow reported under direct and indirect method for operating activities would always remain the same notwithstanding the method used.
According to the short-run Phillips curve, the unemployment rate and the inflation rate are: C. negatively related.
<h3>What is the Phillips curve?</h3>
Phillips curve can be defined as an economic theory which states that there exist an inverse (negative) relationship between the rate of unemployment and inflation rate in a particular economy and at a given period of time.
This ultimately implies that, the unemployment rate and inflation rate share an inverse relationship (negatively related) according to the short-run Phillips curve.
Read more on unemployment here: brainly.com/question/734393