Opportunity cost is the next best option.
Opportunity cost = $78,000 - $45,000 = $33,000
$33,000 is the opportunity cost of selling the televisions at their present condition.
Option C.
Four Guys Company has in its inventory 5,000 paired at a cost of $45,000 and sold...
Four Guys Company has in its inventory 5,200 paired at a cost of $48,000 and sold for $78,000. What is the opportunity cost of selling the televisions in their present condition? O A. $30,000 OB. $126,000 OC. $82,000 OD. $87,000
Longview Baskets has in its inventory 2.200 damaged baskets that cost $22.000 The baskets can be sold in their present condition for $12,000, or repaired at a cost of $18,000 and sold for $38,000. What is the opportunity cost of selling the baskets in their present condition? O A $20,000 O B. $30,000 OC. $34.000 OD. $56,000
Longview Baskets has in its inventory 2.200 damaged baskets that cost $20.000 The baskets can be sold in their present condition for $12,000, or repaired at a cost of $14,000 and sold for $38,000. What is the opportunity cost of selling the baskets in their present condition? O A. $24,000 O B. $26.000 O C. $52,000 OD. $32,000
Longview Baskets has in its inventory 2,000 damaged baskets that cost $22.000 The baskets can be sold in their present condition for $14,000, or repaired at a cost of $17.000 and sold for $35.000. What is the opportunity cost of selling the baskets in their present condition? O A $18,000 OB. $31.000 C. $52,000 OD. $36,000
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Response Questions Part A To D Picasso's Paint Co. had an inventory balance of $3,800 on January 1. During the accounting period they made purchases of $11,500. The ending inventory balance was $3,250. If Picasso's Paint Co.uses the periodic inventory system, what is the cost of inventory sold during the period? O A. $12,050 OB. $11,500 OC. $15,300 OD. $18,550 The amount of an invoice is $4,000, with terms 2/10, n/30. The amount to be paid within the discount period...
In Year 1, Kim Company sold land for $96,000 cash. The land had originally cost $45,000. Also, Kim sold inventory that had cost $200,000 for $289,000 cash. Operating expenses amounted to $33,000. Required a. Prepare a Year 1 multistep income statement for Kim Company. b. Assume that normal operating activities grow evenly by 27% during Year 2. Prepare a Year 2 multistep income statement for Kim Company. c. Determine the percentage change in net income between Year 1 and Year...