Opportunity costs apply to many aspects of life decisions. Often, money becomes the root cause of decision-making. If you decide to spend money on a vacation and you delay your home's remodel, then your opportunity cost is the benefit of living in a renovated home.
Because if there is no sources or limited recourse the they can not properly provide
The question is incomplete, here is the complete question I came across earlier;
Benjamin owns a small Internet
business. Besides himself, he employs nine other people. The salaries earned by
the employees are given below in thousands of dollars (Benjamin's salary is the
largest, of course). 25, 27, 40, 50, 36, 50, 42, 65, 75, 30. Determine the mean
for salary?
The answer is "44".
The mean for salary which is generally called the average,
is the number you get by including all salaries together, at then dividing by
the quantity of them. Another term median is where half acquire all more, half
gain less.
25+27+40+50+36+50+42+65+75+30 = 440
Total number of salaries = 10
440/10 = 44 is the answer.
Answer:
a. retained earnings was overstated and liabilities were understated.
Explanation:
Since in the cash dividend is declared also the same is not recorded by the company
So this error would impact the two account i.e. retained earnings and the liabilities
In this, the retained earning is overstated and the liabilities were understated
Therefore the correct option is a.
And, the rest of the options are wrong