Answer:
$86,000
Explanation:
The opportunity cost is an economic concept. It is the cost of the alternative foregone. Accounting profit does not take into cognizance the alternative foregone.
It only considers the explicit cost incurred in the process of making sales or generating revenue.
As such,
Accounting profit = $128,000 - $42,000
= $86,000
Answer:
It will increase the assets of the company by 1200000,it will increase the equity of the company by 1200000.
Explanation: A No-par value stock or shares is a share that doesn't have any stated or designated value stated in its certificate.
Assets are value yielding or money making investments or facilities of a business Organisation.
Equity is a term used in accounting and investments to refer to the total value of a company's shares or stock.
THE EFFECTS ON OGILVIE CORP. WILL BE THE WORTH OF THE NO PAR STOCK *NUMBER OF UNITS ISSUED WHICH WILL BE EQUAL TO $40*30,000UNITS OF SHARES
=$1,200000 WORTH OF MONEY TO BE DOCUMENTED IN BOTH THE ASSET AND THE EQUITY OF THE COMPANY.
Answer:
Explanation:
Opening stock Mar 1 2013 $500
Purchases in the month. $1,200
Used stocks in the month. $1,400
Closing stock at 31st Mar $ 300
Inventory Account. Dr. Cr
Opening stock. 500
Purchases. 1,200
Used stock. 1,400
Closing bal c/d. 300
Total. 1,700. 1,700
Balance b/f. 300
Product warranties, effects of environmental problems, and lawsuits are examples of transactions or events that give rise to Contingency.
<h3><u>
What is Contingency?</u></h3>
- A contingency is the potential possibility of a bad event, such as a pandemic, economic downturn, natural disaster, fraud, or terrorist attack. The coronavirus outbreak that struck businesses in 2020 made many employees reliant on remote work.
- Companies had to adopt a remote work strategy as a result. Working remotely wasn't an option for some organizations, though, and as a result, increased security measures for both employees and clients were put in place to stop the virus from spreading.
Although contingencies can be planned for, it is often impossible to predict the kind and breadth of such unfavorable events in advance. Businesses and investors conduct analyses and put defensive measures into place to prepare for potential possibilities.
Know more about Contingency with the help of the given link:
brainly.com/question/17275335
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<span>As a social media user, Monette would best be characterized as the "Critic".
There are seven types of Social media user:
the creator, the conversationalist, the critic, the collector, the joiner, the spectator and the inactive.
Each user have their own functions. Critic refers to</span><span> the person who answers and responds to content that are posted by others, they also post reviews and comments about the products and services.</span>
