The cost of the next best alternative use of money, time, or resources, when one

choice is made rather than another

Question 14 options:

opportunity cost

Search Cost

User Assessment

Alternative Banking

This employer has been advised by their benefits broker to install a voluntary benefits program. Employees will be offered the chance to purchase various types of cancer insurance and dread disease policies.

Johanna's grandmother gives her $9,000 to pay for the entire first year's tuition at a state college, a year from now.

After you record your business transactions what is the next step in the process of turning this data into useful information?

The bank statement contained two bank memoranda:1. A credit of $2,242.00 for the collection for Bogalusa Company of an electronic funds transfer. 2 A debit for the printing of additional company checks $85.00.

Why is production such an important business activity? in what ways does it create value for the company and its customers?

A merchandising company's sales budget indicates the following sales: January: $30,000; February: $20,000; March: $15,000. The company expects 80% of the sales to be on account.

A calendar year reporting company preparing its annual financial statements should use the phrase "at december 31, 2016" in the heading of which financial statements?

The adjusting entry to adjust supplies was omitted at the end of the year. This would affect the income statement by having a. expenses understated and therefore net income overstated b. revenues understated and therefore net income understated c.

Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.

Hard Rock Mining is a mineral mining company. The CEO of Hard Rock Mining died last month. The news led to a short-term decline in the company's stock price, but the price bounced back after the company announced its increased quarterly earnings.