Answer:
For Jerry, the opportunity cost of building a fence is not making 2 dishes.
Explanation:
The opportunity cost refers to the benefit you lose when you choose one option over another one. In this case, the opportunity cost for Jerry when he decides to build fences is that he won't be able to make dishes. So, as he can build 7 fences or make 14 dishes in a day, the opportunity cost of building a fence is that he won't be able to make 2 dishes.
The appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.
<h3>Journal entry</h3>
Based on the information given the correct entry to record this transaction is:
Debit Cash $1313
{$1300+[($1300×4%)-($1300×3%)]}
[$1300+($52-$39)]
Debit Sales Discount $39
($1300×3%)
Credit Accounts Receivable $1352
[$1300 + ($1300×4%)]
Inconclusion the appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.
Learn more about journal entry here:brainly.com/question/9701045
<span>"The smallest deed is better than the greatest intention"
Here's my look on this saying:
Many of people, including myself have talked about our great intentions to impact somebody or some place. We might intend to do something, but forget about the importance of following through with those intentions. It is far better to make time to complete small good deeds than to spend your time talking about what you will do “one day.” This can be brought back to the quote, "No deed is too small the be appreciated". No matter how much good we intend to do, it will never compare, in all actuality, to how much good we actually do.
Thank you for your question! I hope this helped! Have an amazing day! :D
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Fixed expenses and flexible expenses or Discretionary expenses
