Answer:
the benefit to his grades from studying for an hour
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
In this scenario, Gomer decided to spend an hour playing basketball rather than studying his books. Thus, his opportunity cost is the benefit to his grades from studying for an hour.
This ultimately implies that, if he had spend the time he used in playing basketball to study, it would have added value to his grades.
The answer to this is:
97%
The given statement is defined as creative destruction
<u>Explanation:</u>
It is defined as a creative destruction. Generally, creative destruction means when the old processes have been withdrawn so as to carry on new investment process or to carry out an innovative idea. The outdated process is replaced with the new process or an innovative process. This concept was firstly given by Joseph Schumpeter who coined it in his book.
Answer:
50 units
Explanation:
Particulars Physical units % Conversion EUP-Conversion
Ending Work-in-Process 200 25% 50 (200*25%)
Equivalent unit of production 200 50
So, the total equivalent units in ending inventory for assignment of conversion costs is 50 units.
