Answer
the second choice is the better deal
Explanation:
Answer:
A. Opportunity cost exists only for goods with monetary values.
Explanation:
Fundamentally, these are costs in economics used in analysis of a project, and it can also be used for calculation of cost benefits. It is generally known to measure or do all calculation that deals with the current and also forgone alternatives in any condition but this is mainly in economics where it is mostly used.
It is said that when a person buys two or more items, the concept of opportunity cost applies even though she can afford to buy both items and also known to be the best alternative. Here also, cost is notified as foregone opportunity.
Answer: $5001
Explanation:
It should be noted that sellers always seek to maximize profit when selling a product, therefore a seller will only be induced to sell only when offered a price that is above the price that they want to sell the car.
Therefore, we have to consider the price that is being offered by the seller as the minimum price. There are five sellers that wants to sell the car at prices of $1000, $2000, $3000, $4000, and $5000. Therefore, to sell the car a price of $5001 would induce the five sellers to offer their cars for sale.
Answer:
Dr Land $168,500
Cr Common stock $67,400
Cr Paid in capital in excess of par common stock $101,100
Explanation:
Preparation the journal entry to record the acquisition of the land.
Dr Land $168,500
(3,370shares *$50per share)
Cr Common stock $67,400
(3,370 shares*$20par value)
Cr Paid in capital in excess of par common stock $101,100
($168,500-$67,400)
(Being to record the acquisition of the land)