Activity 2 Instructions: Application of opportunity cost and variations of benefit and cost. 1. What are the opportunity costs of a student who decide to study college? 2. Show how cost-benefit analysis can be used in explaining the family size among poor households.
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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
Q: E21.8 (LO3) (Lessor Entries, Sales-Type Lease) Crosley Company, a machinery dealer, leased a machine...
A: Present Value of lease: PV(rate, nper, pmt, [fv]), [type]) = -PV (6%,8,35004, , 1) = 230,410
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A: Risk contingency is a plan deployed for handling the risk if it occurs.
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A: Gross profit = Sales - Cost of goods sold Net Income = Gross profit - Operating expenses
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A: The question is based on the concept of Cost Accounting.
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A: Inventory should be valued at cost or Net realisable value whichever is lower. ▪︎Cost may be the H...
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Q: What is the high-low method and under what circumstances would it be used? Is there anything about t...
A: The high-low method in cost accounting is a method of attempting to separate fixed and variable cost...
Q: The Principles Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overhe...
A: The difference between the actual and budgeted overhead cost is known as overhead spending variance.
Q: ond interest rates may differ from market interest rates because:
A: Bonds are priced by discounting future cash flows. Future cash flows include coupons and par value o...
Q: 2019 2020 Assets Cash & Short Investments Accounts Receivable Inventories Other Current Assets TOTAL...
A: A statement which is used to compare item by item in a horizontal line for two years, is known as co...
Q: The flexible budget will report for fixed costs.
A: Solution Concept Flexible budget is a budget in which the variable cost is adjusted on the basis of ...
Q: ilers Company has two producing departments and two support departments. The following budgeted data...
A: The question is based on the concept of Cost Accounting.
Q: Explain how joint inventors are handled with it comes to patent prosecution
A: Invention: The meaning of an invention is a thing like a gadget or interaction that has been made or...
Q: A standard stop sign is a regular octagon with a perimeter of 100.8 inches. The length of one side o...
A: A regular Octagon has 8 equal sides.
Q: Poh Inc., corporation, has the following pertinent information happened during year 2022 P 1,570,000...
A: Statement of Cash Flows using indirect method:
Q: 5. The accountant for the Goshen Company assembled the following data: June 30 July 31 P 39,745 137,...
A: * As per bartleby guidelines in case of different question, answer first only and in case of interli...
Q: ts & Short Investments 6.75% 6.4 5.97% 6.76% unts Receivable 6.2 ntories r Current Assets AL CURRENT...
A: Accounting Concepts are:- 1)Entity Concept 2)Money Measurement Concept 3)Periodicity Concept 4)Accru...
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A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first three ...
Q: Question Content Area Equivalent Units of Production The Converting Department of Hopkinsville Compa...
A: Solution:- Calculation of Number of Equivalent units of production as follows under:- Note:- 1) 30% ...
Q: Practice Exercises - Restricted Stock Studymore Company issues 4,400 shares of restricted stock to i...
A: The journal entries to record the restricted stock and the entry to account for the forfeiture of th...
Q: PLEASE ANSWER THIS QUESTION ASAP. THANK YOU SO MUCH. In connection with your audit of the financial...
A: Note: Since you have posted a question with multiple sub-parts, we will solve first three subparts f...
Q: Below the General Journal entries from Part B, record the following six transactions. XYZ Co. operat...
A: XYZ Co. operates in Saskatchewan a Canadian province. Here the rate of GST is 5% and PST is 6%. Most...
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A: Journal Entries - Journal Entries are the way of recording transaction enter into a business. It is ...
Q: Gain or Loss on Sale of FVPL 13) On January 1, 2020, Erika Company purchased equity investments held...
A: Investment held for trading is the investment held with the intent of selling within a limited perio...
Q: Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities:...
A: Total budgeted Overheads = $434000 Out of this, 80% is for Injection Molding & 20%is for decal A...
Q: QUESTION : 2 The following Trial balance was extracted from the book of Jim Jones a Sole Trader at D...
A: The balance sheet of an organization is also called the Statement of Financial position. It is calle...
Q: Bakersville Company is a manufacturing firm that uses job-order costing. The company's inventory bal...
A: The statement of cost of goods manufactured is prepared to find the cost of goods that are completed...
Q: 22.Abdulla's cash book (bank column) had a debit balance of $ 515 on 30 April 2003. This did not agr...
A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with ...
Q: Riverbed Corp. uses the direct method to prepare its statement of cash flows. Riverbed trial balance...
A: The answer is stated below: Note: Answering the first three subparts as there are multip...
Q: If you are the Financial Manager of Zenith Construction Company, which of the three alternatives has...
A: Solution Concept There are three different alternative course of action given The alternative with l...
Q: Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $3....
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three sub...
Q: lyse the ation. Smith owns a small business that sells vuvulezas to s . them at RIO each and sells t...
A: Accounting equation refers to the equation that forms the basic of accounting and it states that the...
Q: n the coming three years, you will need Php 200,000. What amount will you deposit in a bank at prese...
A: solution Given for first question Future value needed 200000 Present value ? Interes...
Q: The balance in the prepaid rent account before adjustment at the end of the year is $11,940, which r...
A: The question is based on the concept of Financial Accounting. All the expenses that are paid in adva...
Q: Jun Jon and Company, general co-partnership has the following data of income and expenses for 2018:...
A: Corporate Taxable Income: Corporate profit consists of business income and all normal business expen...
Q: Problem 2. A multi-step income statement showed net sales of Php 870,000, cost of goods sold of Php ...
A: The question is based on the concept of Cost Accounting. The total expenses incurred and revenues ea...
Q: These transactions occurred during the second half of January. Continue the General Journal where yo...
A: Journal entry - It refers to the process where the business transactions are recorded in the books o...
Q: Which of the following can be considered as an effective control of cash? A. One person handles the ...
A: Option A is incorrect because Segregation of duties is an effective control of cash. Option B is inc...
Q: ABC, wholesaler, incurred the following costs: Purchase abroad ($ 1= P 50) $ 10,000 P 50,000 Import ...
A: Cost of Inventory Purchased: As a result, the processes required to determine the quantity of invent...
Q: Crane Manufacturing uses a job order cost system to account for its production of specialty patio fu...
A: Cost accounting is a type of accounting that records and measures the cost of good manufactured, ass...
Q: Account Amount Lacson invested P100,000 cash in the business a Account debited Cash 100,000 b. Accou...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: 2019 2020 Assets Coo,024,רה 68,109,000 120000,רה 26,107,000 248,357,000 137,332,000 646,648,000 30,8...
A: Accounting policies and rules and regulations that are used in preparing the financial statement an...
Q: Correcting the Trial Balance: Alpha received cash of $300 in advance from a customer that has not ye...
A: Adjusting journal entry: At year-end when the company finalizes its accounts then any unrecognized i...
Q: C Corp. was incorporated on 1st January,2018. It is authorised to issue 21,000 shares of 9% @ $35 pa...
A: Stockholders’ equity account depicts the amount of money that belongs to the shareholders and signif...
Q: At the beginning of 2009, a company purchased a fire insurance policy covering a property for a peri...
A: The prepaid expenses are the expenses paid but not due for payment.
Q: 1. Mr. A is the owner of a grocery store. He was informed by the Fortune Cigarette supplier today th...
A: Increase in Price per pack = 1,000 - 900 = 100 Total Impact on weekly order = 100 * 300 = 30,000 Thu...
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- An implication of the life cycle theory is that: Multiple Choice Households are planners whose actions extend beyond their current resources and pleasurable activities today to future needs and assets to meet them. Utility can be measured in money terms. Household spending decisions are based on the amount of income they earn currently. All of the choices are correct. None of the choices are correct.You are trying to decide whether to take a job after you graduate or go onto graduate school. Consider the following questions as you make your decision. A. Which of these costs, for the most part, would be relevant (R), and which would be irrelevant (IR)? Cost of your Undergraduate education Salary with an undergraduate degree Salary with both an undergraduate degree and a graduate degree Rent Car Insurance Graduate school tuition and fees Food costs Moving expenses B. Which of these costs could have a differential amount that is relevant/irrelevant, depending upon the location and or policies of your new job?d) There are many indicators that can be used to determine a community’s needs and resources. Which of the following is not a community needs and resources indictor? Group of answer choices 1: Attitudes toward taxes. 2: Local unemployment rate. 3: Property values. 4: Home ownership.
- Which of the following is not related to Opportunity costs? a. Salary given up to start a business b. Rental Income given up when you live in a house you own. c. fixed costs to be incurred when you accept a special request from an existing client. d. None of the choicesAssume this individual's friend decides to pursue postsecondary education. What are two types of financial aid that the friend could apply for that do not have to be repaid?Rent versus buy analysis - Part 2 Which is better: to rent or to buy? The decision of whether to rent or buy housing is a personal decision that is based on both your lifestyle and your finances While most financial experts argue that the financial aspect of the decision. is important, it is also important not to base your rent- or buy decision solely on the numbers. Your personal needs and housing market conditions are important. However, it is still necessary to perform the financial analysis. Tim and his wife are trying to decide whether to rent or to purchase a new townhouse. After looking for several months, they ve narrowed their choice down to one particular house, and the builder is willing to lease or sell-depending upon the preference of the buyer. To perform a rent or buy analysis, Tim and his wife have collected the following information: if they rent, the builder will require monthly rental payments of $1,300 and a security deposit equal to two months of rent Since they…
- How does learning about different partnership help put a foundation while furthering my studiesQ3. The following table shows the marginal benefits of a pure public good that can be enjoyed by four people in a community, Athirah, Dewi, Chin, and John. Number of Public Good Marginal Benefit: 1 2 3 4 Athirah 175 150 125 100 Dewi 150 125 100 75 Chin 125 100 75 50 John 100 75 50 25 Draw the total marginal social benefit curve for the pure public good based on the table above.Which of the following costs is not a qualified education expense for the American Opportunity tax credit? tuition room and board course-related books lab supplies required by the course
- Break-even analysis is an important tool for managing any business, including colleges and universities. Instructions 1. Identify three areas where break-even analysis might be used at your college or university. 2. For each area, identify the revenues, variable costs, and fixed costs.Classify each of the following qualitative variables as ordinal or nominative. Qualitative variable Categories Statistics course letter grade A b c d f Door choice on Let’s make a deal Door#1 Door#2 Door#3 Television show classification TV-G TV-PG TV-14 TV-MA Personal Computer Ownership Yes no Restaurant Rating ***** **** *** ** * Income tax filling status Married filing jointly; Married filling separately; single; head of household; qualifying widow(er)All else being equal, if an average family's income were to decrease because of the elimination of a marginal source of income like weekly overtime work, what types of goods might be more in demand? Choose any that apply A. Gasoline B. Cheaper varieties of food C. Off-brand jeans D. Fine dining at expensive restaurants
