Answer:
5 bushels of corn
Explanation:
The term opportunity cost refers to the loss from some potential gain when one alternative is chosen while leaving the other opportunities.
In United States, a worker in a day can produce 10 bushels of corn or can produce 2 shirts.
Thus the ratio is
10 bushels of corn : 2 shirts
or 5 bushels of corn : 1 shirts
Therefore the opportunity cost of a shirt in the United States is 5 bushels of corn.
Thus the answer is 5 bushels of corn.
Answer:
the steps are
1.
2.
3.
4.
Explanation:
these are the steps because in order to get the analysis you need to go through these steps
Answer:
The correct answer is letter "B": expresses items as a percentage of net sales.
Explanation:
A Common Size Income Statement reflects a percentage of net sales for each account. Common size income statements are basic tools that a business owner may use to compare the performance of his company to rivals or to compare the company to industry averages. Each line in this type of income statement is displayed as a percentage of revenue or sales and the amounts are compared to past performances which allow to observe the different values easily.
Answer:
a). Paul - Planning
b). Santiago - Organizing
c). Mathew - Planning
d). Chioe - Organizing
e). Kelly Tomasz - Leading
f). Ava - Controlling
g). Michelle - Organizing
Explanation:
Planning is described as the process of setting up the goals for the organization and formulating a course of action to achieve the intended goals.
Organizing is followed by planning which aims to assign the resources in a specific manner to ensure the effective accomplishment of the goal.
Leading is the process of providing guidance or direction to the staff, employees, and workers and keeps them motivated to ensure the smooth functioning of the process and achievement of optimum output.
Controlling is the last step in which the performances are governed and assessed as per the standards to find any variation.
Answer:
November 1:
Dr retained earnings $40,500
Cr dividends payable $40,500
Record date: no entries
December 31:
Dr dividends payable $40,500
Cr cash $40,500
Explanation:
Based on the above question,the total amount of dividends declared is $40,500.00 (8,100*$5),as a result on the declaration date,retained earnings would be debited with $40,500 while dividends payable account is credited with same amount.
On payment date,the payable shown in the dividends payable account must be reversed by a debit and a credit posted to cash account since payment of dividends is an outflow of cash from the business
