Opportunity cost occurs because of a producer's need to

A. limit resources.

B. protect resources.

C. allocate resources.

D. spend resources.

Kelly and Jordan are writing a term paper together on the concept of "faithful representation" in the financial statements. Kelly is assigned the task of defining it in the context of an amount being an estimate.

A shop owner is trying to get ride of items to make sure room for new items so she is offering huge discount. She has discounted an item by 50% to a selling price which is the same as the cost price of the item.

When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,000 share of $10 par value common stock.

which of the following is the biggest and most direct effect of the internet? A. it has drastically improved communication. B. it has led to a doubling of the gross domestic product. C. it has made peoples lives busier and more stressful.

Sparks Corporation has a cash balance of $10,500 on April 1. The company must maintain a minimum cash balance of $8,500. During April, expected cash receipts are $53,000. Cash disbursements during the month are expected to total $59,500.

This is a type of individual retirement account that is usually not taxed when money is withdrawn from the account

Last year, Goran had $30,000 to invest. He invested some of it in an account that paid 7% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year.

A function that indicates the maximum output per unit of time that a firm can produce, for every combination of inputs with a given technology, is called A. a production possibility curve. B. a production function. C. an isocost function. D.

Guardrails should be installed along all open sides and ends of scaffolding before use. A. False B. True

A fire destroys all of the merchandise of Coronado Company on February 10, 2017. Presented below is information compiled up to the date of the fire: Inventory, January 1, 2017 $423,300 Sales revenue to February 10, 2017 1,924,500 Purchases to