Answer:
D) i and iii
Explanation:
Implicit cost refers to economic costs that are not directly attributed to the business but are nevertheless important in making informed decisions. In this case the opportunity costs are implicit cost. They are:
- Salary forgone which should have been earned at another job, and
- Interest lost from savings account.
Amount invested in stocks 5,000 X 0.60 = 3,000
After one year gains 9%
3,000 X ( 1 + 0.09) = 3,270
After second year loses 4%
3,270 X ( 1 - 0.04) = 3,139.2 amount after second year
So Stocks gained 139.2 ( 3139.2 - 3000)
Amount of saving account
5,000 X 0.40 = 2,000
After 2 years
2,200 X ( 1 + 0.049)^(2) = 2,200.802
So gained 200.802 (2200.802 - 2000)
Total amount after 2 years
3,139.2 + 2,200.802 = 5,340.002
Gained 340.002 (5340.002 -5000)
Answer:
<em>At year-end, companies that utilize accrual-based accounting systems complete the measurement process through</em><em> </em><em><u>posting</u></em><em><u> </u></em><em><u>of </u></em><em><u>adjusting</u></em><em><u> </u></em><em><u>entries</u></em>
The local government receive most of their money from Real Estate Property Tax and Personal Property Tax.
Real Estate Property are properties that are immovable. This includes land, building, and all improvements (fixtures) that cannot be removed without damage to the property.
Real Estate Property Tax is levied on homes, farms, business properties, and most other real property.
Personal Property are properties that are movable. Examples are vehicles (cars, van, SUV)
