Answer:
1. 3 pounds of Vegetable
2. 5 Pounds of Vegetable
Explanation:
The question requires the calculation of Opportunity costs. This is the benefit foregone or benefit that can be derived from a next best option based on an individual's current choice.
The question is to calculate the Opportunity cost for John and George espcially as regards the production of two items. The first is Chicken and the second is Vegetables. It can also be provided in a given amount of time.
We can expect one pound of chcken to trade for at least........ pounds of vegetable but not more than ............. of vegetable
One pound of chicken has the opportunity cost of ......
Step 1: How many pounds of vegetable can John produce compared to pounds of chicken?
John can produce 40 pounds of Vegetable for 10 pounds of Chicken
Therefore, 1 pound of chickedn = 40 Pounds of Vegetable/ 10 pounds of Chicken
It means 1 pound of Chicken has the opportunity cost of 4 Pounds of Vegetable for John
Step 1: How many pounds of vegetable can George produce compared to pounds of chicken?
George can produce 25 pounds of Vegetable for 5 pounds of Chicken
Therefore, 1 pound of chicked = 25Pounds of Vegetable/ 5 pounds of Chicken
It means 1 pound of Chicken has the opportunity cost of 5 Pounds of Vegetable for George
Answer:
Strategic Flexibility
Explanation:
The strategy of developing a bottle water product line up shows strategic flexibility by Coca-Colca and PepsiCo.
It shows that these two beverages giants are not static, and instead, they adapt to market and cultural trends. When the market trend showed that people were flocking to bottle water from soft drinks, they decided to compete directly against bottle water producers by developing their own bottle water products.
Answer:
repair expense 1,500 debit
cash 1,500 credit
--to record repair expense in the building--
utilities payable 2,000
cash 2,000
--to record the payment of June utilities--
utilities expense 2,500
utilities payable 2,500
-to record the accrued utilities of July--
wages expense 5,475 debit
wages payables 5,475 credit
--to record payment to employees--
Explanation:
We will follow the debit = credit rule.
The expenses will be always posted on the debit side Therefore, the other account are forced to go into credit to balance the entry.
Also, when cash is used to pay something, our cash available decrease thus, we have a decrase in an asset that is recorded under credit
for the other entries we are asumingthe acrual of an expense, whch generates the later obligaion to pay it. Hence, we recongize a liablity which is credited.
The answer is
"Individual".<span>
<span>Each of these mentioned factors with few variations will
influence the business buying decision process. One or more changes in these
might lead to a different result. These factors can also operate in different
ways varying from person to another person.</span></span>
Answer:
Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.
Explanation:
The journal entry is given below
Insurance expense A/c Dr $2,400
To Prepaid Insurance $2,400
(Being insurance expense is recorded)
The computation is shown below:
= Insurance premium ÷ number of months × required months
= $4,800 ÷ 4 months × 2 months
= $2,400 months
The 2 months is taken from November 1 to December 31
