"Cary’s Carpet Cleaning, Inc. purchased $10,000 of carpet cleaning equipment, paying $2,000 cash and giving an informal promise to pay $8,000 at the end of the month. On April 30, Cary’s Carpeting Cleaning pays $8,000 to the equipment supplier."Prepare the appropriate journal entry for the payment on April 30.

Answer:

The GDP after 15 years=202

Explanation:

The GDP also known as the Gross Domestic Product is the quantity of goods and services produced in a country during a certain period in time usually expressed in monetary terms. GDP usually illustrates how much the country's economy is growing and expanding.

To determine the GDP after 15 years, we can have the expression below;

F=P(1+r/n)^nt

where;

F=future GDP

P=initial GDP

r=growth rate per year

n=number of times the growth rate is applied per year

t=number of years

In our case;

F=unknown, to be determined

P=150

r=2%=2/100=0.02

n=1

t=15 years

Substituting;

F=150(1+0.02)^(15×1)

F=150(1.02)^15

F=201.88=202

The GDP after 15 years=202

Answer:

short-term investment 10,000 debit

                     cash                10,000 credit

note receivables           5,000 debit

                cash                         5,000 credit

equipment                  18,000 debit

        cash                          5,000 credit

         note payable           13,000 credit

cash              11,000 debit

     common stock          1,000 credit

     additional CS          10,000 credit

cash               9,000 debit

    note payable             9,000 credit

Patents      3,000 credit

          cash                   3,000 debit

Building    24,000 debit

      cash               8,000 credit

     note payable 16,000 credit

cash         1,000 debit

  equipment          1,000 credit

Explanation:

To record the entries we need to alwasy make debit = credit

we must use account names to represent each concept which are quite easy you don't have to overthink ou write what it is telling you it happen

Whe nthe company use cash use cash account

when it purchase equipment use equiptment

Answer:

1.- Direct, the nurses wages are linked to the deparment

2.-Direct, the cost of the drug for the patient will be linked to it

3.-Indirect there is no direct relationship between the heat cost and the patient

4.-Indirect as is cannot be linked to all patient is indirect overhead

5.-Indirect as is cannot be linked to a patient is indirect overhead

6.-Indirect as is cannot be linked to a patient is indirect overhead

7.-Direct as the particular patient is the one requiring this test

8.-Direct as this cost can be linked to a study related to the department activity

Explanation:

Final answer:

Costs at Northwest Hospital can be categorized as direct (D) or indirect (I) based on their relation to specific cost objects. Direct costs are easily attributable and indirect costs are more general across the institution, such as administrative salaries or facility-wide expenses.

Explanation:

Identifying whether a cost is direct or indirect for a specified cost object at Northwest Hospital involves understanding their correlation. A direct cost can be easily attributed to a cost object, whereas an indirect cost is not directly tied to a specific cost object and often relates to supporting the organization as a whole.

D: The wages of pediatric nurses are a direct cost to the Pediatric department because they work specifically in that area.

D: Prescription drugs are a direct cost to a particular patient when they are specifically for that patient's treatment.

I: Heating the hospital would be considered an indirect cost to the pediatric patient, as it is a facility-wide expense.

I: The salary of the head of pediatrics is an indirect cost to the pediatric patient since it is a general administrative cost.

I: The salary of the head of pediatrics is also an indirect cost to the particular pediatric patient, again due to its administrative nature.

I: Hospital chaplain's salary is an indirect cost to a particular patient since the chaplain serves the whole institution.

D: Lab tests by outside contractor are a direct cost to a particular patient when they are ordered for that patient's diagnosis or treatment.

D: Lab tests by outside contractor are a direct cost to a particular department if they are specific to their operations.

Answer:

correct option is c.$1,300 under applied

Explanation:

given data

annual factory overhead = $546,000

annual direct labor hours =  210,000

March factory overhead = $48,100

March direct labor hours = 18,000

solution

we get here Predetermined overhead rate that is express as

Predetermined overhead rate = Estimated overhead ÷  Estimated labor hours   ......................1

put here value

Predetermined overhead rate = [tex]\frac{546000}{210000}[/tex]

Predetermined overhead rate =  $2.6 per labor hour

and

overhead applied is

overhead applied = Actual labor hours in march × Predetermined overhead rate     ................2

overhead applied  = 18000 × $2.6

overhead applied  = $46,800

so we get Under or over applied overhead as

Under or over applied overhead  = actual overhead - applied overhead   ................3

put here value we get

Under or over applied overhead  = $48100 - $46800

overhead = $1,300 under applied

so correct option is c.$1,300 under applied

Answer:

Wildhorse Corp. has inventory of $6,653,940

Explanation:

The quick ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due without needing to sell its inventory or get additional financing. The quick ratio is calculated by the following formula:

Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities

(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities = 0.94 x $5,849,000 = $5,498,060

Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $12,152,000 - $5,498,060 = $6,653,940

Answer:

A capital lease is entered into with the initial lease payment due upon the signing of the lease agreement. The annuity begins with a payment

Explanation:

An annuity-due represnet an annuity were payment or deposits are perform at the beginning of the period.

B no. It doesn't start with a payment.

C no, there is no payment at issuance.

D same as C only the rates changes but this, do not change the essence of the annuity it is still a common annuity not annuity-due

Final answer:

The present value of an annuity due is used for scenario A, where the initial payment of a capital lease is made immediately upon signing the lease agreement.

Explanation:

The use of the present value of an annuity due concept would be appropriate in situations where payments are made at the beginning of each period. In the given scenarios, option A, which involves a capital lease with the initial lease payment due upon the signing of the lease agreement, fits this description. This is because the first payment is made immediately, and thus each subsequent payment is made at the beginning of the period. Calculating the present value of such a lease would require accounting for the fact that all payments are made one period earlier than they would be in an ordinary annuity. Therefore, scenario A is where the present value of an annuity due would be used to calculate the present value at the date of incurrence.

Answer:

Income under absorption costing = $1,100,000

Explanation:

Marginal and absorption costing are two different methods to deal with fixed production overheads and and decide whether or not they are included in valuation of inventory.

Valuation of inventory

Opening and closing inventory are valued at variable cost under variable costing.  Whereas in absorption costing, opening and closing inventory are valued at full production cost (including fixed production overheads).

Reconciling profits reported under two different methods

When inventory levels increase or decrease during a period then profits will differ under absorption and marginal costing because of fixed production cost.

Net Income under absorption costing = Income under variable costing + fixed production cost in ending inventory – fixed production cost in beginning inventory

= $1,050,000 + $300,000 - $250,000

= $1,100,000

Answer:

The correct answer is letter "A": the total quantity of output that firms will produce at a given price level.

Explanation:

Aggregate Supply is the total supply of goods and services an economy produces in a given period. It is the amount of goods companies plan to sell at given price levels. Essentially, aggregate supply is the relationship between price levels and the number of goods and services an economy produces.

Answer:

The correct answer is: General partnership.

Explanation:

A General partnership is an organization where two or more owners operate the business. General partners usually share management duties profits and losses equally regardless of their partnership interest percentage. However, each partner ultimately has unlimited liability.

Answer:

General partnership.

Explanation:

I got this one right and all of the other questions so

I got 100% !!!!!!!!!!!!!!!

Answer:

A. True

Explanation:

Arbitrage refers to a situation wherein a gain is made owing to price discrepancy or unevenness in two markets. The rule for arbitrage is to buy from the markets where price is less and sell in the markets where price is higher.

Triangular arbitrage occurs wherein 3 different currencies are involved and the exchange rates are not uniform i.e a discrepancy exists and interest rate parity does not hold true.

Interest rate parity refers to the concept wherein the disparity between two currency exchange rates is adjusted by the respective interest rates of the two countries. When interest rate parity exists, no arbitrage is possible as markets are fairly priced.

Answer:

telecommunications network connecting dealers.

Explanation:

Over the counter market or OTC market is referred to that market in which members trade the currencies, stock among the parties without the broker. In this, trade has done electronically without meeting personally i.e. Dealer and broker connect via mobiles phones

This market is held through a network of dealers instead of a central broker. One example of over the counter market is the London stock exchange.

Answer:

The correct answer is letter "C": telecommunications network connecting dealers.

Explanation:

The Over-The-Counter Market (OTC) is a decentralized market in which unlisted securities trade. The OTC market is not a physical location. Prices are negotiated and trades are made from computer networks, phones, and e-mails. Dealers act as maker makers and quote prices at which they will buy and sell.

Answer:

(A). Assembly line in city.

Explanation:

In an assembly line manufacturing process, production is continuous. It involves adding parts to the product as it moves from one stage to another and is good for producing in high volumes.

Batch production is better for producing similar items in groups.

An assembly line in a city should be used by an entrepreneur who wants to produce high-tech plastic containers in high volumes because it is more efficient.

Answer:

Assembly line in a city

Explanation:

The question is to determine whether to start an assembly line or batch process in either a big city  or a small town

Assembly Line

An assembly line represents a manufacturing process where a product continues to move from one workstation to another while relevant parts are progressively added from one station to another until the product is completed

Batch Processing

The batch processing type of manufacturing is such that a group of products are completed simultaneously or at the same time.

Based on this understanding,

It is advisable for the entrepreneur to select Assembly line in a city because since the production of the high-tech plastic containers will be produced in high volumes, then their is need access a large amount of capital to commence.

Secondly, the type of labour that will be required to carry out such work in the factory will be better accessed in the city .

Thirdly, an assembly line is more favourable to ensure quality process for the products since they are high tech in nature and close monitoring is required.

Answer:

Please refer the attachment to have the solution with explanation

Final answer:

When buying equipment on account, a business debits the asset account for equipment and credits the liability account, reflecting an increase in assets and liabilities respectively. This maintains the balance in the T-account and adheres to the accounting equation.

Explanation:

Understanding T-Accounts and Transactions

When a business bought equipment on account, it means that the business acquired equipment without immediate cash payment, promising to pay the supplier in the future. In accounting, this transaction is recorded in T-accounts by debiting the asset account for the equipment, as it represents something of value the business now owns. Simultaneously, the liability account is credited, reflecting the business's obligation to pay the supplier. Debiting increases the asset's balance, while crediting increases the liabilities, keeping the accounting equation (Assets = Liabilities + Owner's Equity) in balance.

For example, if a company purchases a $5,000 piece of equipment on account, the equipment account (asset) is debited by $5,000, and accounts payable (liability) is credited by $5,000.

T-Account Structure and Bank's Balance Sheet

The T-account layout includes assets on the left and liabilities and owner's equity (net worth) on the right. A bank uses T-accounts to manage and track its financial instruments such as loans, reserves, and securities. A bank's balance sheet also reflects these categories with assets like cash and loans made, liabilities such as customer deposits, and the net worth which is the difference between total assets and total liabilities and is also known as bank capital.

Answer:

$22.2222, $9.5238, respectively

Explanation:

The market-to-book ratio is given by a share's market value divided by its book value, if shares are selling for $100 on the market, the book value is:

[tex]B = \frac{\$100}{4.5}=\$22.2222[/tex]

The price to earnings ratio (PE ratio) is determined as a share's price divided by the earnings per share. Earnings per share are:

[tex]E=\frac{\$100}{10.5}\\E=\$9.5238[/tex]

The book value per share and earnings per share are $22.2222, $9.5238, respectively

Answer:

$2.579 million

Explanation:

To obtain the real worth of the contract, the $0.9 million payment must be brought back by one period at a 12% rate while the $1.6 million payment must be brought back by  two periods at a 12% rate. The present value of the contract is:

[tex]P = 0.5+\frac{0.9}{(1+0.12)} +\frac{1.6}{(1+0.12)^2}\\P=\$2.579\ million[/tex]

Global Enterprises' contract is actually worth $2.579 million.

Answer:

a) Operating Income = $73,000

b) Net income before income tax = $25,500

Explanation:

First part of the question is to determine the operating income or loss of the business

It is calculated as follows

Particulars                                          Amount

Sales Revenue                                  $460,000

Subtract: Cost of goods sold           ($240,000)

General and Administrative exp.       ($56,000)

Restructuring Costs                             ($58,000)

Selling Expenses                                  ($33,000)

Operating Income                             $73,000

Second part is to determine the income or loss before income taxes

Particulars                                            Amount

Operating Income                                 $73,000

Add: Interest Revenue                         $6,500

Deduct:Loss on sales of investment  ($54,000)

Income before Income Tax                  $25,500

Finally, the Net Income or loss after Income tax

$25,500 x .25 = $6,375

The operating income is $73,000 and the income before income taxes is $25,500. The income tax expense is $6,375.

The operating income (loss) can be determined by subtracting the cost of goods sold and operating expenses from the sales revenue. In this case, the operating income (loss) would be $460,000 - $240,000 - $56,000 - $58,000 - $33,000 = $73,000 operating income.

The income (loss) before income taxes can be calculated by subtracting the loss on sale of investments and the interest revenue from the operating income (loss). In this case, the income (loss) before income taxes would be $73,000 - $54,000 + $6,500 = $25,500 income before income taxes.

To determine the income tax expense, we need to multiply the income (loss) before income taxes by the income tax rate of 25%. Therefore, the income tax expense would be $25,500 x 0.25 = $6,375 income tax expense.

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Answer:

The correct answer is letter "B": Direct.

Explanation:

Direct incentives are those that pursue making an immediate reaction in the audience to whom the incentive is directed. A direct incentive is usually applied when an urgent change must be made over a certain matter to avoid the exponential risks of not taking any action.

Thus, the fact that in most growing cities stores are not providing plastic bags is a direct incentive to stop polluting the environment.

The additional fee charged for plastic or paper bags in stores in some cities is a direct incentive, designed to encourage consumers to use reusable bags.

In this context, this fee can be classified as a

direct incentive

. Direct incentives are actions that can motivate individuals or businesses to alter their behavior in a particular way, usually to promote or discourage certain outcomes. In this case, the imposition of an additional fee for using plastic or paper bags is a direct incentive designed to reduce their usage and consequently, lessen the environmental impact of their disposal. This practice encourages customers to bring their own reusable bags to avoid the extra charge, hence, fostering environmentally beneficial behavior.

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Answer:

Explanation:

The direct material cost is the cost which is incurred for the raw material

The direct labor cost is the cost which is incurred to pay the wages to assembly workers, the labor cost, etc

And, the factory overhead cost is the indirect cost which is required at the time of producing the product. Example - depreciation, repairs & maintenance, etc

So, the categorization is shown below:

a. Depreciation on assembly line equipment in the Mehoopany, Pennsylvania, paper products plant = factory overhead cost

b. Licensing payments for use of Disney characters on children products = factory overhead cost

c. Maintenance supplies = factory overhead cost

d. Packaging materials = direct material cost

e. Paper used in bath tissue  = direct material cost

f. Plant manager salary for the Iowa City, Iowa, plant = factory overhead cost

g. Resins for body wash products =  direct material cost

h. Salary of process engineers =  factory overhead cost

i. Scents and fragrances used in making soaps and detergents  = direct material cost

j. Wages of production line employees at the Pineville, Louisiana, soap and detergent plant = direct labor cost

The costs enlisted are classified as direct materials if they're raw materials used in production (paper, resins, scents), direct labor if they're wages paid to production line workers, and factory overhead if they're indirect costs related to production process (depreciation, licensing fee, maintenance supplies, wages of non-production staff).

The costs described in the Procter & Gamble example can be classified as direct materials cost, direct labor cost, or factory overhead cost based on the roles they play in the manufacturing process.

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Answer:

d. $65,490

Explanation:

A cash flow statement (CFS) is a financial statement shows the amount of cash and cash equivalents that has entered and left an organisation. It only deals in cash and cash equivalents.

From the question, the sale for cash of office equipment with a book value of $59,856 at profit of $5,634 will be recorded in the Cash flows from investing activities section of the CFS based on the actual cash that entered the company. In this case, the total cash received from the sale and which is the actual cash that entered the company in respect of this transaction is the addition of the book value of $59,856 and the gain of $5,634 which is approximately $65,490.

Therefore, the total amount reported in the Cash flows from investing activities section of the statement of cash flows is $65,490.

I wish you the best.

To reduce cigarette smoking by 10%, the government should increase the price of a pack by 50% due to an elasticity measure of 0.2. Thus the price would be increased by $2.5 from $5 to $7.5. The long-term effects of this price increase will be greater than the short term as people adapt and may reduce consumption or quit smoking all together.

Public policy aimed at smoking involves strategies to shift demand through educational initiatives or price manipulation, depending on the elasticity of the demand for cigarettes. Studies indicate the price elasticity of demand for cigarettes is about 0.2, meaning the demand is relatively inelastic. For a clearer perspective, let's examine the proposed scenario and break it down in terms of price elasticity and demand.

Firstly, when the price elasticity of demand is less than 1, as in this case, it means demand is inelastic. That is, a 1% increase in price results in less than a 1% decrease in quantity demanded. To reduce smoking by 10%, we would need a 50% increase in price due to the elasticity measure of 0.2 (10%/0.2), hence the price of a pack of cigarettes should increase by $2.5 from $5 to $7.5.

In terms of the effect on smoking 1 year from now compared to 5 years from now, if the price increase remains, the long-term effects are likely to be greater than the short-term effects. This is mainly because behavior change, especially for addictive substances like cigarettes, usually takes some time. Over a longer period, people may adapt to the new price by quitting smoking or reducing consumption.

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Answer:

Cash disbursements for insurance would be $ 168,700.

Explanation:

In accrual based accounting expenses are recorded when they are incurred. The payment against item purchased does not make it qualified to be recorded as expense. Any advance payment made is recognize as asset untill performance obligation has been completed. So in order to determine amount of payment we will use following accounting equation.

Payments = Prepaid current period + expenses - opening prepaid balance

Payments = 197,000 + 62,000 - 90,300 = $ 168,700

Answer:

Part A:

Number of contracts=[tex]\frac{1.2*20,000,000}{270000}[/tex]

Number of contracts=88.889≅ 89 contracts.

The hedge that minimizes risk is to short 88 contracts

Part B:

Number of contracts=[tex]\frac{(0.6-1.2)*20,000,000}{270,000}=-44.44[/tex]

Number of contracts≅-44

The company should short 44 futures contracts.

Explanation:

Part A:

The formula we are going to use is:

Number of contracts=[tex]\frac{\beta*Portfolio\ Value}{Futures\ Value}[/tex]

Future Value=Index futures*Multiplier

Future Value=1080*$250

Future Value=$270,000

Number of contracts=[tex]\frac{1.2*20,000,000}{270000}[/tex]

Number of contracts=88.889≅ 89 contracts.

The hedge that minimizes risk is to short 88 contracts

Part B:

Number of contracts=[tex]\frac{(\beta'-\beta)*Portfolio\ Value}{Futures\ Value}[/tex]

where:

[tex]\beta'[/tex] is the new value=0.6

[tex]\beta[/tex]=1.2

Future Value=$270,000 (Calculated above)

Number of contracts=[tex]\frac{(0.6-1.2)*20,000,000}{270,000}=-44.44[/tex]

Number of contracts≅-44

The company should short 44 futures contracts

Answer:

Explanation:

a ) We shall calculate the NPV of the project . If it is positive , then money can be invested

Cash outflow in the beginning =1000

Present value of perpetual annuity of 100 at 9.5 %

100 / .095

= 1052.63

which is more than initial cash outflow

So NPV is positive

Hence money can be invested.

b )

If machine takes one year to build , first year cash outflow of 100 will be absent

Present value of 100 after 1 year

= 100 / 1.095

= 91.32

So present value of annuity

= 1052.63 - 91.32

= 961.31

This is less than 1000 so

NPV is negative.

Hence money can not be invested.

Answer:

a, b and c i.e Organizing, Planning and Controlling

Explanation:

Note: Since more than one option is to be selected, the three terms have been provided as an answer

Organizing is the management function concerned with creation of organizational hierarchy, defining roles and objectives and authority and reporting responsibilities.

Planning refers to providing for unforeseen future events and deciding the ways to deal with them.

Directing refers to the management function of guiding, supervising and leading people with an objective to meet organizational goals and extract efficient performance.

In the given case, written request signifies planning, creation of a staff and consulting before arriving at decisions refers to organizing and controlling function.

The Egyptians performed planning, organizing, and leading functions of management while constructing the pyramids. They planned their actions, organized resources, and led their teams. However, it's unclear if they performed the controlling function.

While constructing the ancient pyramids, the Egyptians performed certain key functions of management, including organizing, planning, and leading. Submitting written requests and seeking advice involves the process of planning, where they outline a roadmap for the completion of the objectives. Meanwhile, organizing is reflected in the structuring and coordination of the resources and activities. Lastly, leading is manifested in their manner of directing and engaging with their personnel. However, the function of controlling, which requires monitoring performance against a plan and making adjustments, is not clearly reported in the scenario given.

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Answer:

The Core Capabillities of Harley davison are their devotion to the moter cycle industry and that they are more of an american platforme. When most americans buy something they would perfer is be made right here in the U.S.

Explanation:

Harley-Davidson's core capabilities include brand name reputation, portfolio management skills, and human resource competencies, providing a differentiation advantage and loyal customer base that are difficult for foreign competitors to match.

The core capabilities of Harley-Davidson Motor Company motorcycles include their brand name reputation, distinctive design and deep-rooted American heritage. These capabilities resonate with a specific segment of consumers, creating a high value for customers. They are difficult for competitors to imitate due to the cultural history and lifestyle association that is built into the Harley-Davidson brand.

Additionally, portfolio management skills and human resource competencies enable Harley-Davidson to innovate and maintain a specialized workforce, furthering its competitive edge. Compared to foreign competitors, such as Yamaha and Suzuki, which may excel in affordability and technological advancements, Harley-Davidson's strong customer loyalty and brand community give it leverage across markets and contribute to its differentiation advantage. This brand loyalty is also evident in the statistical finding that Harley-Davidson motorcycles represent 14 percent of all motorcycles sold, yet only 8 percent of stolen motorcycles are Harleys, indicating less theft relative to their market share.

Harley-Davidson's core capabilities provide a differentiation advantage, allowing the company to compete successfully by focusing not just on the product, but on the lifestyle and experience that comes with owning a Harley-Davidson motorcycle. This strategy is different from the competition that may focus primarily on product features or cost efficiency.

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Basic models sell for $ 44 per unit with variable costs of $ 25 per unit. Deluxe models sell for $ 52 per unit with variable costs of $ 25 per unit. Total fixed costs for the company are $1,323. Gabe Industries typically sells three Basic models for every Deluxe model.

First, we need to calculate the weighted sales participation:

Basic= 3/4= 0.75

Deluxe= 1/4= 0.25

Now, we need to calculate the weighted average selling price and variable cost:

weighted average selling price= (selling price* weighted sales participation)= (44*0.75 + 52*0.25)= 46

weighted average variable cost= (variable cost* weighted sales participation)= (25*0.75 + 25*0.25)= 25

Now, we can calculate the break-even point in units:

Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)

Break-even point= 1,323/ (46 - 25)= 63 units

Answer:

3. Correctly ignored a sunk cost

Explanation:

Sunk costs refer to those costs which have been incurred in the past, which are non recoverable and which have no current or future benefits.

Sunk costs are considered as irrelevant for decision making process as they do not relate to current period and have no future implications. For example, research and development expenditure incurred in the past represents a sunk cost.

In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.

Final answer:

Shen has correctly ignored a sunk cost by deciding to go to the party with Valerie instead of the opera for which he already has a nonrefundable ticket. His decision should be based on the opportunity costs and marginal benefits, not on the already spent money.

Explanation:

From an economist's perspective, if Shen decides to go to the party with Valerie, he has correctly ignored a sunk cost. The $100 he spent on the opera ticket is a sunk cost because it is nonrefundable, nonexchangeable, and nontransferable, meaning that this money is irretrievably gone regardless of what he chooses to do. Therefore, his decision to attend the party should be based on comparing the opportunity costs and the marginal benefits of attending either event, not on the sunk cost of the opera ticket.

As seen in the example of Selena, who debates whether to leave a terrible movie for which she has already paid, the sunk cost of the ticket price should not factor into her decision to stay or leave. The time she would spend watching the rest of the movie would be better spent doing something enjoyable, and that provides her with greater marginal benefits. The money is already spent, so she should focus on the benefits of current and future options and the opportunity costs of continuing to watch the movie.

Similarly, opportunity cost is a crucial concept that refers to the benefits sacrificed when one alternative is chosen over another. When Shen chooses to go to the party, he is essentially weighing the potential enjoyment and benefits of the date over attending the opera, not the monetary value that has already been expended on the opera ticket.

Answer:

b. real-time reporting as and when significant events occur and whenever required.

Explanation:

The aim of an AIS is to gather, archive, analyze and report on financial and accountant data that management or other parties involved may use in order to carry management decisions. Only the container for data storage is a database A database may be a computer, a structured data system, or a cabinet.

Answer:

The correct answer is $1,000

Explanation:

According to the scenario, Given data are as follows :

Cash flow = $100

Interest rate = 10%

So, present value can be calculated by following method:

Present value = Cash Flow / Interest Rate

Present value = $100 / 10%

Present value = $100 / 0.1

Present value = $1,000

Hence, the correct answer is $1000.