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2 years ago

Define opportunity cost, please! Thank you!

2 answers:

6 0

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Over [174]2 years ago

6 0

Answer:

It's when you lose one opportunity due to picking something else or you lose a whole experience because of a chose you made. For example, if I decided to work at McDonald's then instead of going to school,I've lost a lot of chances because I made this one choice.

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Emilee signed a rental agreement for her new condo. how long is her lease?

MAXImum [283]

<h3><em>A retal agreement can last for about a year, 12 months.</em></h3>

8 0

3 years ago

Read 2 more answers

Does the sec require the entity to disclose in the current reporting period the future effect that the accounting change is expe

nevsk [136]

Estimates of SEC made every period in the normal course of accounting for things like uncollectible accounts or inventory obsolescence do not need disclosure of such effects; nevertheless, disclosure is necessary if the impact of a change in the estimate is significant.

After the 1929 Wall Street Crash, the U.S. Securities and Exchange Commission (SEC) was established as an independent agency of the federal government of the United States. The SEC's main goal is to uphold the law against market manipulation.

The Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002, and other laws are enforced by the SEC in addition to the Securities Exchange Act of 1934, which established it. Section 4 of the Securities Exchange Act of 1934, also known as the Exchange Act or the 1934 Act and currently codified at 15 U.S.C. 78d, established the SEC.

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7 0

1 year ago

acc 340 Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units tha

LenaWriter [7]

Answer:

$113,700

Explanation:

Last in first out (LIFO) is an inventory management method, in which the cost of the most recent product bought are the first to be charged to expenses.

With regards to the above question, we'll have;

Inventory sold = (12,000 × $13.5) + (900 × $13) = $173,700

Ending inventory = [7,200 × $12] + [(3,000 - 900) × $13]

Ending inventory = $86,400 + $27,300

Ending inventory = $113,700

Therefore, the ending inventory using LIFO is $113,700

8 0

2 years ago

Bentley estimates manufacturing overhead of $3,251,600 for 2013 and will apply overhead to units produced based on 739,000 machi

saul85 [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated overhead= $3,251,600

Estimated machine-hours= 739,000

During 2013, Bentley used $1,640,000 of raw materials, paid $5,335,800 of direct labor, generated 734,000 machine hours, and produced 2,190,000 units.

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 3,251,600/739,000

Predetermined manufacturing overhead rate= $4.4 per machine hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4.4*734,000= $3,229,600

<u>Finally, we can determine the total cost and unitary cost:</u>

Total cost= 1,640,000 + 5,335,800 + 3,229,600= $10,205,400

Unitary cost= 10,205,400/2,190,000= $4.66 per unit

4 0

3 years ago

Which of the following tests can be used to detect register disbursement schemes?

malfutka [58]

Answer:

Explanation:

The best test to detect register disbursement schemes would be to Identify customer sales posted to one credit card and refunds posted to another credit card. This is because a register disbursement scheme is a type of fraud in which the employee replicates an old transaction with a new one while at the same time replacing the transaction type from debit to credit and vice-versa, in order to justify the cash withdrawal.

8 0

2 years ago