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Alekssandra [29.7K]
3 years ago
7

Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp busines

s. the savings account paid 2% interest. what is bubba's annual opportunity cost of the financial capital that he invested in his business?
Business
1 answer:
oee [108]3 years ago
7 0
2040 I think because 2 percent of 2000 is 40 so you add 2000+40 and you get 2040
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What are the opportunity costs of going to the gym for a workout rather than studying for an economics test?
NARA [144]

Answer:

see below

Explanation:

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In choosing to go to the gym, the forgone activity is studying for the economic exam. The benefits associated with studying for the economic test is the opportunity cost. The value attached to the economic test, such as good grades, passing the test,  or any reward arising from studying for the test, is the forfeited benefit and hence the opportunity cost.

6 0
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Deferral adjustments are needed when the business:_______
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Answer: b. pays cash before the expense has been incurred.checked

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Explanation:

Here is the complete question:

Deferral adjustments are needed when the business:

a. pays cash after the expense has been incurred.unchecked

b. pays cash before the expense has been incurred.checked

c. receives cash after the revenue has been generated.unchecked

d. receives cash before the revenue has been generated.

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When revenues are made or when expenses are incurred, the previously deferred amounts will have to be adjusted and then, the amounts will be transferred to income statement through the use of the deferral adjustment.

5 0
3 years ago
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RoseWind [281]

Answer:

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4 0
3 years ago
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5 0
3 years ago
The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, inten
vfiekz [6]

Answer:

brand

Explanation:

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6 0
3 years ago
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