Answer: $100
Explanation:
Opportunity cost is the benefit that we forgo when another option is chosen thereby leaving out something else. Based on the information given, Ed's opportunity cost of going to the ball will be calculated as the addition of the income that's lost when he takes some time off from his work and the expenses that he incurs on the base ball game. This will be:
= ( 4 × $15) + $25 + $15
= $60 + $40
= $100
The opportunity cost is $100.
I think it is D. Gross profit margin because that is you profit before all of added taxes and every thing else.
Answer:
False
Explanation:
A certificate of Deposit or CD is a deposit made into a bank for a specific time. This deposit will earn a fixed interest rate that varies upon the days the deposit is made of. The rule is: Longer the days of the deposit, longer the interest rate paid.
Answer:
The main functions of the ECA include the study of problems of the economic and social development of the African countries, the promotion of the economic development of the African states, and the strengthening of their economic relations both with one another and with other countries.
Answer:
1. False,
2. False,
3. False,
4. True
Explanation:
1. Managerial accounting reports focuses on entire net profit and not specifically the manufacturing and non manufacturing cost, and are not specifically used in the budget process.
2. No financial accounting reports all the finance related issues in details but is not divided into sub units.
3. No managerial reports are not audited, they are for internal controls and are to follow GAAP but not mandatory requirement for audit.
4. Managers are responsible for the management of business, for this the main three steps are: Planning Directing and controlling.
