Answer:
The $500 is the opportunity cost.
Explanation:
The sunk cost can be defined as a cost that has already been incurred. Such as cost can no longer be recovered. A sunk cost is considered to be irrelevant and is excluded from decision making.
If an individual decided to take an accounting course and paid the tuition fee of $500 and gets a job offer later. If he/she decides to take up the job the tuition fee paid will be the sunk cost which cannot be recovered anymore.
Answer:
1. A graphical representation of the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices.
-Demand Curve
2. The amount of a good that buyers are willing and able to purchase at a given price.
-Quantity Demanded
3. The claim that, other things being equal, the quantity demanded of a good falls when the price of that good rises.
-Law of Demand
4. A table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices.
-Demand Schedule
Explanation:
Answer:
$86 million
Explanation:
The computation of the net cash flows from operating activities using the indirect method is shown below:
Cash flows from operating activities
Net income $81 million
Add: depreciation expense $9 million
Less: Gain on sale of equipment -$1 million
Less: Increase in account receivable -$3 million
Less: Increase in inventory -$3 million
Add: Increase in account payable $3 million
Net cash flows from operating activities $86 million
The answer is true. Evaluation research can be characterized as a kind of study that utilizations standard social research strategies for evaluative purposes, as a particular research procedure, and as an appraisal procedure that utilizes exceptional systems remarkable to the assessment of social projects.
Answer:
$700,000
Explanation:
The computation of the total raw materials used is shown below:
= Beginning raw material inventory + purchase of raw material - ending raw material inventory
= $250,000 + $750,000 - $300,000
= $700,000
We simply added the purchase and deduct the ending inventory to the beginning inventory so that the raw material used could come