Her opportunity cost is what she could have earned in that occupation instead of doing her own accounting work.
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Explanation:</u></h3>
Opportunity cost refers to the loss of any gain that can be attained from the alternatives that are available, when one alternative is chosen by a person. For instance consider that a person has decided to go for a movie during his free time. The cost she spent for the movie can be spent to the things that can be more useful. For example investing in something which is the opportunity cost here.
The opportunity cost is also called as economic cost. It can be calculated by measuring the amount that the time of the owner to be obtained from the next best usage. For instance the owner can consider doing accounting work to some other firm than doing for his own firm. Thus he opportunity cost would be the amount that she can earn from the other firm than doing accounting work for her own company.
Answer:
The journals entry to record depreciation on the equipment for 2016 will be:
Debit Depreciation expense $14,000
Credit Accumulated depreciation $14,000
<em>(To record depreciation expense for Year 2016)</em>
Explanation:
Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($150,000 - $10,000) / 10 years = $14,000 yearly depreciation expense. This applies to Years 2015 and 2016.
The change in the estimate in Year 2017 will not affect the depreciation expense for 2016 based on the previous parameters,
Answer: I would use Compromising conflict resolution style
Explanation:
Since Both of the parties have equal power,lack trust/openness for problem solving
and they are both under time pressure to resolve the conflict which means as a manager I would use COMPROMISING CONFLICT RESOLUTION STYLE reason been that this type of conflict resolution style would enable me find a solution that will partially please both of the parties and to help encourage both of the parties involve in the conflict to give in some points about the conflict which will inturn help me to balance the needs of both of the parties.
The most popular method of funding for majority of new businesses are <em><u>Business</u></em><em><u> </u></em><em><u>Loans</u></em>
Elements of business are executive summary, company description, market analysis,competitive analysis