Please explain if possibleHomework Answers
Option 4
Opportunity cost is the next best alternative cost forgone for selecting an option. Here by selecting the commuting the opportunity cost is the LIRR to Manhattan.
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Please explain if possible
Which of the following is the opportunity cost of the commuting cost...
QUESTION 4 Which of the following is the opportunity cost of the commuting cost t? [Select...
QUESTION 4 Which of the following is the opportunity cost of the commuting cost t? [Select one answer that is correct.] D Gasoline Cost O Automobile insurance cost Automobile depreciation Getting up early to catch up LIRR to Manhattan
1. Which of the following is an example of a possible cost object? a. a product...
1. Which of the following is an example of a possible cost object? a. a product b. a customer c. a department d. All of these could be possible cost objects. 2. Which of the following is a product cost? a. advertising expenditures b. insurance on the office buildings c. depreciation of the salesmen's cars d. depreciation of the production facilities 3. The wages of a production equipment operator would be classified as a. direct materials. b. direct labour c....
9. Opportunity costs can be: • Explicit, if they are out of pocket expenses (in cash...
9. Opportunity costs can be: • Explicit, if they are out of pocket expenses (in cash or in kind). • Implicit, if they are not a disbursement, but they arise as a result of the value of your time or any other alternative us that you may have made out of the resource. For example, the cost from taking time off from work to go to the dentist are an implicit cost Gary has his own business driving clients to...
2. Determining opportunity cost Juanita is deciding whether to buy a suit that she wants, as...
Which of the following statements is true of an opportunity cost? (Only one answer.) A) An...
Which of the following statements is true of an opportunity cost? (Only one answer.) A) An opportunity cost is a direct cost that a firm pays in order to pursue a new business opportunity. B) An opportunity cost is the potential benefit of an alternative that a decision maker forgoes when he or she chooses a different alternative. C) Opportunity costs appear in a firm’s accounting records. D) Opportunity costs only apply to business decisions.
Which of the following is a product cost? O Direct labor cost 0 Opportunity cost Selling...
Which of the following is a product cost? O Direct labor cost 0 Opportunity cost Selling cost Administrative cost
What is an opportunity cost? How does the idea relate to the definition of economics? Which...
What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greater opportunity cost: Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain.
Please give the answer and explain the reason!!!! 8. Which of the following is a possible...
Please give the answer and explain the
reason!!!!
8. Which of the following is a possible adjusting journal entry? 4 Debit Cash, credit Accounts Payable. Debit Service Revenue, credit Cash. Debit Salaries Expense, credit Salaries Payable. Debit Utilities Expense, credit Retained Earnings. i ove
33) Which of the following statements is trued 2 33) A) Optimizers with the lowest opportunity...
33) Which of the following statements is trued 2 33) A) Optimizers with the lowest opportunity cost of time push up the rental price of apartments with the lowest commute time. Optimizers with the highest opportunity cost of time push up the rental price of apartments with the highest commute time. NO C) As the rental prices of downtown apartments rise, only workers with the highest opportunity cost of time will be willing to rent them. A D) As the...
QUESTION 4 Which of the following is the opportunity cost of the commuting cost t? [Select one answer that is correct.] D Gasoline Cost O Automobile insurance cost Automobile depreciation Getting up early to catch up LIRR to Manhattan
1. Which of the following is an example of a possible cost object? a. a product b. a customer c. a department d. All of these could be possible cost objects. 2. Which of the following is a product cost? a. advertising expenditures b. insurance on the office buildings c. depreciation of the salesmen's cars d. depreciation of the production facilities 3. The wages of a production equipment operator would be classified as a. direct materials. b. direct labour c....
Which of the following is a product cost? O Direct labor cost 0 Opportunity cost Selling cost Administrative cost
Please give the answer and explain the
reason!!!!
8. Which of the following is a possible adjusting journal entry? 4 Debit Cash, credit Accounts Payable. Debit Service Revenue, credit Cash. Debit Salaries Expense, credit Salaries Payable. Debit Utilities Expense, credit Retained Earnings. i ove
33) Which of the following statements is trued 2 33) A) Optimizers with the lowest opportunity cost of time push up the rental price of apartments with the lowest commute time. Optimizers with the highest opportunity cost of time push up the rental price of apartments with the highest commute time. NO C) As the rental prices of downtown apartments rise, only workers with the highest opportunity cost of time will be willing to rent them. A D) As the...
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