Select the correct answer.

What represents the value of the second-best alternative that a person gives up when making a choice?

A. marginal spending

B. marginal benefit

C. opportunity cost

D. marginal cost

High-school athletes who skip college to become professional athletes a. obviously do not understand the value of a college education. b. usually do so because they cannot get into college. c.

Be-The-One is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Be-The-One has assets of $395,000 and liabilities of $97,000. Using the accounting equation, determine the following amounts: a.

The accounting manager of Gateway Inns has noted that every time the inn's average occupancy rate increases by 3.3 percent, the operating cash flow increases by 4.6 percent.

Who among the following is responsible for making business strategies in a large conglomerate? A. the board of directors at the headquarters B. the shareholder of the company C. the lower-level employees in the company D.

Lenter LLC placed in service on April 29, 2015 machinery and equipment (7-year property) with a basis of $600,000. Assume that Lenter has sufficient income to avoid any limitations.

Gunk Goblin sells vacuums and just launched a policy where customers have the right to return a vacuum during a three-year period following purchase.

During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Transaction Number of Units Unit Cost Total Cost Jan.

At the beginning of a year, a company predicts total direct materials costs of $1,020,000 and total overhead costs of $1,220,000.

The acid-test ratio Group of answer choices is a quick calculation of an approximation of the current ratio. does not include all current liabilities in the calculation. does not include inventory as part of the numerator.

You have been placed in charge of all the elements of the marketing mix for a regional brewery. Which one of the following is not one of your responsibilities? a. The conception of products b. The production of products c. The pricing of products d.