Answer:
The opportuniy cost is the cost of forgoing one alternative.
In this case, the opportunity cost of Task B is the value of Task C, which is $50,000.
This is because the owner has hired two managers, one to do Task A, and another to do Task B, which leaves Task C unattended.
Answer:
The correct answer is A.
Explanation:
An increase in the minimum price will increase prices and quantities offered. A minimum price often is above the equilibrium price. As prices rise, quantity sold declines. The difference between offer and demand will generate an accumulation of stock.
If Petty Cash is not replenished at the end of the accounting period:
- the balance sheet would show an overstated cash asset.
- expenses would not be recorded in the period in which they were incurred.
- the income statement would reflect a net income amount that was too high.
<h3>What happens when petty cash is not replenished?</h3><h3 />
Because the cash that was meant to go to the petty cash was not taken from the cash account, this account will have more than it should (overstated).
The expenses which were incurred and recorded in the petty cash would not be accounted for which means that the income would be overstated as these expenses were not deducted from it.
Find out more on the petty cash at brainly.com/question/17439772.
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Toxic Waste Management, Inc. is the suggested replacement name.
<h3>What does a company name suggests?</h3>
Similar to the caliber of a company's services and goods, the name of the business is a crucial component of its image. Because a name change is frequently linked to better performance, it consequently has a positive effect on share prices.
It demonstrates that additional measures, such as organizational and operational changes that would be seriously and successfully implemented, have been put in place to enhance company performance. Even though the company's operations might not be significantly affected by the name change, investors might see it as a positive sign if it indicates a change for the better in the company's overall strategy.
Therefore, Toxic Waste Management, Inc. is the suggested replacement name.
Learn more about company name importance:
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