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Alchen [17]
3 years ago
10

The five dollar Burger Joint gift card that your friend gave you for your birthday expires today. You can either use the gift ca

rd to buy yourself dinner at Burger Joint or you can stay home and eat a delicious home-cooked meal. What is the opportunity cost of eating the home-cooked meal?A. The value of a five-dollar dinner at Burger Joint.B. The value of the ingredients that go into the home-cooked meal and the value of a five-dollar dinner at Burger Joint .C. There is no opportunity cost since you did not pay for the gift card.D. The time it takes to eat your home-cooked meal and the value of the five-dollar dinner at Burger Joint.E. The value of the ingredients that go into the home-cooked meal.
Business
1 answer:
ruslelena [56]3 years ago
4 0

Answer:

B) The value of the ingredients that go into the home-cooked meal and the value of a five-dollar dinner at Burger Joint .

Explanation:

Opportunity costs can be defined as the cost for choosing one alternative investment or action over another.

If you choose to use the five dollar gift card, you are going to eat for free, although you might not enjoy that meal as much as your delicious home made dinner.

But if you choose to eat a delicious meal at home, you are going to lose the five dollars of the give card and will have to spend a certain amount of money in making the dinner. Those same ingredients could be used to prepare dinner tomorrow. That is your opportunity cost of eating at home.

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Answer:

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4 0
3 years ago
If the factory overhead is underapplied, then the adjusting journal entry to close the factory overhead account includes a: (Che
Ymorist [56]

Answer:

Debit to cost of goods sold and credit to factory overhead

Explanation:

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What happens to the factory overhead journal in this case is that the we should have an adjusting journal entry.

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5 0
3 years ago
a retailer acquires merchandise for resale. how would this be recorded in a perpetual inventory system?
ella [17]
Debited to the inventory account.


Hope this helps!
5 0
2 years ago
Below is information from the financial statements of Greenwich Company: Accounts receivable (net) 2016: $2,400 Accounts receiva
ra1l [238]

Answer:

32.44 days

Explanation:

The computation of the average collection period is shown below:

But before that we have to determine the account receivable turnover ratio

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Now the average collection period is

= Total no of days in a year ÷ account receivable turnover ratio

= 365 ÷ 11.25

= 32.44 days

We assume that the no of days that should be considered is 365 days

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