Answer:
c.Head of the contracting activity
Explanation:
Answer: $185,500
Explanation:
Total cash received = Sales revenue - Accounts receivable + owner's investment + amount borrowed
= $362,000 - $46,400 + $42,000 + $30,000
= $387,600
Total cash disbursement = Merchandise purchased - Accounts payable + Salaries + Interest + Insurance
= $200,000 - $38,600 + $28,100 + $2,700 + $9,900
= $202,100
Ending cash balance = Total cash received - Total cash disbursement
= $387,600 - $202,100
= $185,500
Answer:
The correct answer is letter "C": People place a higher value on a good if they own it than they do if they are considering buying it.
Explanation:
The Endowment Effect reflects a situation in which people value an object more because they own it. The value they would give the object if they did not have it and were going to purchase it would be lower. This scenario takes place when people give a higher value to their objects because of emotional attachment.
Answer:
7/16
Explanation:
Opportunity cost is the cost of the alternative forgone. It is also called the real cost. It is a concept in economics developed due to the fact that wants are unlimited but the resources available to meet the wants are limited. Hence a scale of preference would be drawn up for the wants in order of importance.
If the family can afford either 80 cans of beans or 35 frozen pizzas, the cost of a can of beans in terms of frozen pizza is 35/80 frozen pizza while the cost of a unit of frozen pizza in terms of beans is 80/35.
As such, the opportunity cost of one can of beans in terms of frozen pizza is 35/80 which is 7/16 in the lowest term
Answer:
I DONT NEED IT I DONT NEED IT I NEEEED ITTTTTTTT
