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3 years ago

_____ are costs of selecting one opportunity or investment over another.

Business

1 answer:

AveGali [126]3 years ago

4 0

Answer:

(B) opportunity cost

Explanation:

If you are giving up an opportunity over another than it is called opportunity cost.

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If a firm is making an economic profit of zero:__________.

kati45 [8]

Answer:

The correct answer is letter "D": the firm should change to a different line of business.

Explanation:

Economic profit is the difference between the revenue a firm earns from sales and the firm's total opportunity costs. It is important to distinguish between accounting profit and economic profit. Accounting profit is total revenue minus the explicit costs of producing goods or services. Economic profit includes the opportunity costs a company losses or gains by choosing a route to pursue revenue. If a firm has an economic profit of zero, it implies the company should start looking for alternative ways to generate income.

6 0

3 years ago

On July 1, Alaskan Adventures issues a $120,000, eight-month, 6.5% note. Interest is payable at maturity. What is the amount of

xz_007 [3.2K]

Answer:

December 31 Interest expense $3900 Dr

Interest Payable $3900 Cr

Explanation:

The interest and principal is both payable at maturity thus we need to accrue the interest payment and create a liability against the amount of interest due. The adjustment is made 6 months from the issue of the note thus the interest for 6 months is due. The entry would be to record 6 month's interest that relates to this year. The interest expense will be,

120000 * 0.065 * 6/12 = $3900

As the payment is not made until maturity we will credit interest payable by this amount.

8 0

3 years ago

Following a peso appreciation relative to the dollar, which of the following results is expected to occur?

liubo4ka [24]

Answer:

Explanation:

A currency appreciates when its value increases.

For example if $1 was exchanged for 50 pesos. After appreciation of the pesos, $1 would buy $25 pesos.

So more $2 would be needed to buy 50 peso after the appreciation when before the appreciation $1 was buying 50 pesos.

As a result Mexican goods would become more expensive to US consumers and the revenue earned by Mexican producers would increase

7 0

3 years ago

Let's assume a project has high up-front costs, and high benefits that occur far into the future. If the project uses a higher i

vivado [14]

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7 0

2 years ago

Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $70,600. The company's beginning merchand

dexar [7]

Answer:

$84,100

Explanation:

Haack incorporation cost of goods last year was $70,600

The beginning merchandise inventory was $16,500

The ending merchandise inventory was $30,000

Therefore the total amount of purchases can be calculated as follows

Cost of goods= beginning inventory + purchases-ending inventory.

70,600= 16,500+purchases-30,000

70,600-16,500= purchases - 30,000

54,100 = purchases - 30,000

54,100+30,000= purchases

Purchases= 84,100

Hence the total purchases is $84,100

3 0

3 years ago