As an economics major, the individual will rightly conclude
that Soo jin, who used to share an apartment with her classmate figures that
having her own place as a benefit is at least $250 as this is the sum that she
added in addition when she moved to a studio for her own. The correct answer is letter d.
Answer:
c. $24,750
Explanation:
For computing the fixed cost first we have to determine the variable cost per hour by using high low method which is shown below:
Variable cost per hour = (High total cost - low total cost) ÷ (High desk manufactured - lower desk manufactured)
= ($86,625 - $49,500) ÷ (4,500 desk - 1,800 desk)
= $37,125 ÷ 2,700 desk
= $13.75
Now the fixed cost equal to
= High total cost - (High desk manufactured × Variable cost per hour)
= $ 86,625 - (4,500 desk × $13.75)
= $86,625 - $61,875
= $24,750
Answer:
Debiting the buyer and crediting the seller by $94,000
Explanation:
Since the seller listed a property for $96,000 and it sold for $94,000, so the purchase price would be selling price of the property as the property would be sold and the other person pays the money to buy the property.
So, the purchase price would appear through
Debiting the buyer and crediting the seller by $94,000
or
Buyer A/c Dr $94,000
To Seller A/c $94,000
(Being purchase of property is recorded)
Answer:
E. the more of something we produce, the greater is the opportunity cost of producing an additional unit
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
An example to illustrate increasing opportunity cost. Let us assume that Emily can use her leisure time to either rest or make spaghetti. If Emily uses 1 hour to make spaghetti, she forgoes 1 hour that she could have spent resting. If she spends 2 hours making spaghetti, she forgoes two hours of rest. Her opportunity cost keeps increasing the longer she spends making spaghetti.
I hope my answer helps you
