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2 years ago

Which of these are examples of opportunity cost?

1 answer:

6 0

Answer: The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources

Explanation:

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The relationship between quantity supplied and price is _____

Nataliya [291]

Answer:

I believe it is profit

Explanation:

6 0

3 years ago

For each of the following products, indicate whether you believe demand will be relatively price elastic or relatively price ine

insens350 [35]

Answer:

Note that goods that are considered in general have a broad demand and goods with broad demand are inelastic as there are no substitutes for them. Goods that are specific by nature have narrow demand and have elastic demand because consumers can switch to others if the price is increased slightly.

Hence, Mayonnaise in general, Washing machines and beer have inelastic demand as there are no close substitutes. The remaining three, namely, specific brand of mayonnaise, Chevrolet automobiles and Tesla automobiles have elastic demand as there are substitutes and consumers/users will switch to others if the price is no more favorable.

8 0

3 years ago

On January 1, 2020, Tamarisk Corporation issued $700,000 of 9% bonds, due in 8 years. The bonds were issued for $740,784, and pa

EleoNora [17]

Answer:

Cash 740,783 debit

Bonds payable 700,000 credit

Premium ob BP 40,783 credit

--to record issuance--

Interest expense 29,631.32 debit

premium on BP 1,868.68 debit

cash 31,500 credit

--to reocrd first interest payment--

Interest expense 29,556.57 debit

premium on BP 1,943.43 debit

interest payable 31,500 credit

--to record accrued interest at year-end on BP--

Explanation:

procceds 740,783

face value 700,000

premium on bonds payable 40,783

When comparing, the firm received more than the face value hence, there is a premium on the bonds as the coupon payment are above the market rate.

Now, the interest will be calculate as follow:

carrying value x market rate:

740,783 x 0.08/2 = 29,631.32 interest expense

cash outlay:

700,000 x 0.09/2 = 31,500

amortization on premium (difference) 1,868.68

new carrying value: 740,783 - 1,868,68 = 738,914

second payment accrual:

738,914 x 0.04 = 29,556.57

cash outlay 31500

amortization 1,943.43

7 0

3 years ago

A laborer wears a special back brace when loading trucks, a freight inspector wears goggles when conducting tests, and a distrib

Alborosie

A laborer wears a special back brace when loading trucks, a freight inspector wears goggles when conducting tests, and a distribution manager wears earplugs while overseeing shipments. In which workplace do these Transportation and Logistics employees most likely work? Warehouses. Based on that equipment needed while working it seems as if warehouses is the most logical place they are working.

Yukio is a Brownfield Redevelopment Specialist. Which best describes his job? Organizes the cleaning and redevelopment of areas contaminated by pollution or waste. When you redevelop land, you are removing things that make the land not usable to be able to reuse the land again. By doing this, you can make sure the land is able to be reused before spending more time trying to develop the land again or purchasing new land.

5 0

3 years ago

A major drawback of using historical results for judging current performance is that _____. A. past results may be incorrect B.

pychu [463]

Answer:

C. inefficiences may be concealed in the past performance.

Explanation:

A major drawback of using historical results for judging current performance is that inefficiences may be concealed in the past performance.

8 0

3 years ago

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