<u>Full question:</u>
Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.
Select the correct answer below:
a)economies of scale
b)budget constraint
c)opportunity cost
d)opportunity set
<u>Answer:</u>
His friend is referring to the opportunity cost
<u>Explanation:</u>
Opportunity costs describe the gains a person, investor or company drops out on when picking one choice over another. The cost of practicing something is previously the cost of the highest-valued alternative use. Bottlenecks are frequently a condition of opportunity costs.
The method for determining an opportunity cost is solely the contrast within the expected returns of any option. Estimating opportunity costs can lead you to more effective decision-making. Opportunity cost examination also performs a crucial role in preparing a business's capital structure.
This is a False Statement.
Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.
Specifically, management accounting aims to
- provide Information for internal Organisation managers
- providing details to governmental regulating bodies
- Information for shareholders, the accounts payable department, and other parties outside the company
- information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.
To Learn more about Management Accounting, Click the links.
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Answer:
Analogy is defined as a comparison between two things with an aim of clarification and explanation
- (D) A firm director describes the differences between documentary and fictional films to a group of people.
Definition means of a text, word,action or concept.
- (B) A professor asks his students to read the poem as if they are reading poetry for the very first time.
Visual Demonstration is an illustrative matter, for example a model, film or a slide designed to supplement spoken or written information in order to be understood easily.
- (A) The owner of a local coffee shop hangs up a map showing the countries the shop purchases it's coffee from.
Answer: Option B
Explanation: Earnings per share is calculated by dividing net income available to common shareholders with the weighted average number of shares.
Deduction of preferred dividends from net income is done only when dividends are declared by the entity, otherwise not. Preference shareholders have priority over common shareholders in case of dividends, so it will result in reduction of earnings to common shareholders but only when the dividends are declared and distributed.
Answer:
16.59%
Explanation:
First we look at the formula which to determine the future value of the security and then work back to determine the annual return in terms of percentage
Future Value = Present Value x (1 +i)∧n
where i = the annual rate of return
n= number of years or period
We then plug the given figures into the equation as follows
we already know Present value to be $10,000 and the future value to be $100,000 and the number of years to be 15
Therefore, the implied annual return or yield on the investment is
100,000 = 10,000 x (1+i)∧15
(1+i)∧15 = 100,000/10,000 = 10
1 + i = (10∧(1/15))=1.165914
i= 1.165914-1
= 0.1659
= 16.59%
