Which of the following would be categorized as an opportunity cost? a. not being able to spend

Fantastic news! We've Found the answer you've been seeking!

Question:

Which of the following would be categorized as an opportunity cost?

a. not being able to spend your $10,000 savings if you sink the money in your business

b. the cost of purchasing supplies for your house-cleaning business

c. the cost of purchasing auto insurance for your dry-cleaning delivery business

a only

a and c only

b and c only

all of the above

Related Book For answer-question

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

See More Books

Posted Date: Jan 18, 2021 03:47 PM

See More Questions

Which of the following would be considered intangible assets on the balance sheet? Which intangibles should be amortized? Patents Copy rights Research and development Goodwill The company's...
Which of the following would be expected to give a positive test with Benedicts reagent? Why? (a) D-Galactitol (see structure in margin) (d) D-Fructose (b) L-Arabinose (e) Lactose (c) 1,...
Which of the following would be considered product costs under absorption costing? 1. Variable manufacturing overhead 2. Fixed manufacturing overhead 3. Selling and administrative expenses a. 1, 2,...
What are the institutional features that appear to have delayed the implementation of IFRS in India?
How is the concept of an organization involved in mixing illegal activities with legitimate ones?
Northern blotting, RT-PCR, and microarrays can be used to analyze gene expression. A lab studies yeast cells, Comparing their growth in two different sugars, glucose and galactose. One student is...
Why would companies want to achieve a fully digitized supply chain?
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: The company uses a predetermined overhead rate to apply overhead cost to production....
Autonomous cars are being developed and tested with a goal of being introduced to our roadways in upcoming years. Many people welcome this new technology which is expected to increase safety on the...
For this exercise you don't have to go out and buy a large bag of dice, just open the dice-roller application at random.org and roll 60 virtual dice. Sixty is the most you can roll at once in the...
In how many equal parts can a wire 50 cm long be cut so that the product of its part is a maximum.
In 2007, the companys net income (loss) was closest to: A. ($217,000). B. ($329,000). C. ($556,000). A companys provision for income taxes resulted in effective tax rates attributable to loss from...
The relationship between the periodic pension cost and the plans funded status is best expressed in which of the following? A. Periodic pension cost of 483 = Ending funded status of 4,774 Employer...
Zimt AG presents its financial statements in accordance with US GAAP. In 2007, Zimt discloses a valuation allowance of $1,101 against total deferred tax assets of $19,201. In 2006, Zimt disclosed a...
A company receives advance payments from customers that are immediately taxable but will not be recognized for accounting purposes until the company fulfills its obligation. The company will most...
The companys effective tax rate was highest in: A. 2005. B. 2006. C. 2007. Note I Income Taxes The components of earnings before income taxes are as follows ($ thousands): Earnings before income...
A toy cannon uses a spring to project a 5.37-g soft rubber ball. The spring is originally compressed by 4.97 cm and has a force constant of 7.92 N/m. When the cannon is fired, the ball moves 15.7 cm...
On 1 July 2018, Parent Ltd acquired all the shares of Son Ltd, on a cum-div. basis, for $2,057,000. At this date, the equity of Son Ltd consisted of: $ 1,000,000 Share capital 500 000 shares...
The cash account for Esplin Enterprises shows the following for the year ended December 31, 2012. Required: Prepare a statement of cash flows for Esplin Enterprises for the year ended December...
Swordstone Market, Inc., has three employees, Kindal Boyd, Brent Debenham, and Cesar Gaona. Summaries of their 2012 salaries and withholdings are as follows: 1. Prepare the summary entry for salaries...
Mac Faber was the controller of the Lewiston National Bank. In his position as controller, he was in charge of all accounting functions. He wrote cashiers checks for the bank and reconciled the bank...
a. Nonlinearity in mass b. Nonlinearity in damping c. Linear equation d. Nonlinearity in spring $\ddot{x}+f \frac{\dot{x}}{|\dot{x}|}+\omega_{n}^{2} x=0$
a. Nonlinearity in mass b. Nonlinearity in damping c. Linear equation d. Nonlinearity in spring $\ddot{x}+\omega_{0}^{2}\left(x-\frac{x^{3}}{6} ight)=0$
Prove that, for the system considered in Section 13.5.1, the minimum value of $\omega^{2}$ for which the amplitude of subharmonic oscillations $A$ will have a real value is given by...

Which of the following would be categorized as an opportunity cost? a. not being able to spend

Question:

Expert Answer:

Answer a only explanation only a is the opportunity cost Implicit costs are such c... View the full answer

Accounting concepts and applications

Students also viewed these accounting questions