When a consumer has to decide between buying a new smartphone or renting a new car, the determination of opportunity costs is difficult, as both the expenses have different utilities.
<h3>What is opportunity cost?</h3>
The cost, which is undergone in order to let go of an alternative divestment of such cost, is known as an opportunity cost. An opportunity costs may be backed by emotions and other external factors.
Hence, the significance of opportunity costs is given above.
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D.9,340 I hope this helps hopefully I did the math right
Answer:
Option A.
Explanation:
It is given that a $150 petty cash fund has cash of $54 and receipts of $83.
We need to find the journal entry to replenish the account.
Cash and receipts = Cash + receipts
= $54 + $83
= $137
Short for cash = Cash fund - Cash and receipts
= $150 - $137
= $13
The required journal entry to replenish the account would include a debit to Cash Over and Short for $13.
Therefore, the correct option is A.
Answer:
$4,500
Explanation:
Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life
($32,000 - $5,000)/6 = $4,500
The straight line depreciation method allocates the same deprecation expense for each year of the useful life of the asset.
Therefore, the depreciation expense each year would be $4,500.
I hope my answer helps you
The value of a bank's assets is than its liabilities, the bank is said to be <u>solvent</u>
<h3>What is assets?</h3>
Any resource that a company, an organization, or an economic body owns or controls is considered an asset. It encompasses everything that has the potential to generate gains in the economy. When turned into money, assets indicate the worth of ownership.
<h3>What do you mean by solvent in accounting?</h3>
A company's capacity to fulfill its short-term and long-term financial commitments is known as its solvency. One indicator of a company's financial health is its level of solvency, which reveals whether it will be able to continue running its business into the near future. Ratio analysis is a tool investors can use to assess a company's solvency.
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