Based on the amount of wheat given up by Japan to make a car, the opportunity cost of producing a car would be 8 tons of wheat.
<h3>What is the opportunity cost of making a car in Japan?</h3>
The opportunity cost in this instance will be the amount of wheat given up by Japan to produce a car.
It is therefore:
= 8 tons of wheat
In conclusion, the opportunity cost is 8 tons of wheat.
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Note amount: $6,000
Interest amount: 8%
Months left in the year: 5
To solve:
Multiply the note amount by the percentage and the amount of months left out of the year.
$6,000 x 8% x 5/12 = $200
Journal Entry:
Interest Receivable $200
Interest Revenue $200
I will fill in the right answers into the blank:
The income effect of a price change predicts that a fall in
a good's price will increase consumer purchasing power, leading to a(n) increase
in consumption of normal goods.
Asnwers:
fall; increase; increase; normal
Answer:
Explain five ways in of determining market price of a commodity other than through price mechanism
The FIFO technique of inventory valuation will provide the lowest cost of products sold during periods of rising prices since you are "selling" the older, lower-priced goods first.
The process of estimating an asset's or business's value is called valuation. Valuation is crucial because it tells potential buyers how much to offer for a firm or asset and tells potential sellers how much to ask for their wares. Analysts use valuation to establish the current or anticipated value of a stock, business, or asset. In order to identify promising investment candidates, valuation involves valuing a security and comparing the result to the current market price. The appraiser's identification of the appraisal issue marks the start of the valuation procedure, which concludes with their reporting of a result to you. Estimating market value is the most frequent job for an evaluation. Values that are frequently used include market value, book value, enterprise value, and stock value.
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