A, true. hope this helped you!!!
Answer:
Since the question is incomplete, we could infer that you like to know how to calculate opportunity cost.
Explanation:
Opportunity cost is the value of the next best alternative or option.
Opportunity Cost= FO−CO
where:
FO=Return on best foregone option
CO=Return on chosen option
Let's take for example, Jose expected return on investment in producing one orange is 20 percent over the next year, and also expects the return of investment for melon to be 18 percent over the same period.
His opportunity cost of choosing the melon over the orange using the formula FO−CO = (20% - 18%), which equals two percentage points.
Savings usually have positive impacts on economic growth of a nation. Firstly, increase in the amount of money saved increase the amount of money that are available in the banks which can be used for investment purposes that will benefit the economy. Secondly, high saving rate in an economy increases the ability of that economy to recover from inflation and recession. Personally and nationally, saving helps to cope better with economic and financial down turns.
Answer:
The correct order is as follows :
1. check for the final amount; it should be equal in the personal account register and the bank statement.
2. cross check all entries like deposits not credited and checks not presented for payment and adjust accordingly.
3. check off all the payments made in his personal account register and the bank statement.
4. check for bank charges and adjust the personal account register accordingly.
5. flag any suspicious looking charges or entries
Explanation:
A comparison of balances and entries in personal account register and the bank statement should be made accordingly during the reconciliation.
Answer:
The Retained Earnings of Wolfpack Construction as of the end of the year will be $12,000.
Explanation:
Wolfpack Construction
Balance Sheets
As of End of Year
Assets $
<em>Current Assets:</em>
Cash 5,000
<em>Fixed Assets:</em>
Land 13,000
Equipment 21,000
<em>Total Assets 39,000 </em>
Liabilities and Stockholders’ Equity
<em>Current Liabilities:</em>
Accounts payable 2,000
<em>Long Term Liabilities:</em>
Notes payable 15,000
<em>Equity:
</em>
Common stock 10,000
Retained earnings 12,000
<em>Total Liabilities and Stockholder's Equity 39,000 </em>
