Answer: B. Loss of earnings from employment
Explanation:
The opportunity cost of choosing a course of action is the returns that you would have earned from choosing the next best action.
David was employed and yet decided to quit that job and start a business. The next best thing he could have been doing was working which means that the opportunity cost was the returns from working which was his salary.
In deciding to open up his own businesses, he had to forego the opportunity costs which meant that he lost the earnings from that his employment.
Answer:Average issue price = $105--b
Explanation:
Preferred stock , $100 par = $260,000
number of shares issued =Preferred stock / par value preferred stock= =$260,000 / $100 = 2,600 shares
Paid in capital in excess of par = total issued price - preferred stock
total issued value = paid in capital in excess of par preferred stock + preferred stock = 14,000 + 260,000=$274,000
Average issue price = Total issue price / number of shares issued = $274,000/ 2600= 105.38 = $105
Answer:
B. both the size of the deadweight loss from a tax and the tax incidence
Explanation:
The price elasticities of demand & supply are : buyers' & sellers' - demand & supply responsiveness to price change.
On levy of indirect tax - whose burden can be shared between buyers & sellers ; it affects tax incidence & deadweight loss both :-
- More tax burden shifts on buyers if demand is more inelastic, more tax burden shifts on sellers if supply is more inelastic.
- Deadweight loss is the effect of tax re allocation, benefitting neither of consumer surplus, producer surplus, government revenue. It is less when demand &, or supply are more inelastic
Answer:
a. Resist humor and sarcasm.
b. Be concise.
d. Care about tone.
Explanation:
Sending a message to the supervisor is considered formal writing. As such, it should have formal writing characteristics.
It should be void of humor and sarcasm because the tone is meant to be professional and business like. Messages should be concise and straight to the point. And as this is a formal letter, care must always be taken to ensure that the tone is formal.
Answer:
The correct option is C,sales budget, direct material purchases budget, budgeted income statement
Explanation:
Te correct order in preparing budgets is to first of all have a sales forecast based on information on previous years' sales figures as well as looking at the future economic outlook.
When sales forecasts are made based on educated guess,the sales budget is prepared using the most appropriate selling price per unit.
Thereafter,based on the number of units planned for sales,the required materials needed to accomplish the sales level is forecast,hence direct material purchases budget is prepared with informed unit cost of material.
Lastly,the income statement which encompasses both revenue from sales budget in addition to costs from direct materials purchase budget is finalized.
