The preparation of worksheet is an essential part of accounting to complete the accounting cycle. A work sheet is a document that summarizes accounting information and aids in the preparation of financial statements.
The following is a highly simplified alphabetical list of trial balance accounts and their normal balances for the month ended March 31, 2014. To prepare the work sheet, follow the steps below:
Step 1: The accounts in the trial balance should be entered into the work sheet in the order they appear in the trial balance. The amounts should be entered in the appropriate debit or credit columns. The total of the debit and credit columns should be calculated, and the difference between the two columns should be calculated.
Step 2: To complete the work sheet, additional information is required, including: Expired insurance, $2 Estimated depreciation on office equipment, $2 Accrued wages, $2 Unused supplies on hand, $2 In addition, $4 of the unearned revenues balance had been earned by the end of the month. These are added to the work sheet by using the following steps: a) Add the $2 expired insurance to the Insurance Expense account, which is a debit. b) Add the $2 estimated depreciation on office equipment to the Depreciation Expense account, which is a debit. c) Add the $2 accrued wages to the Wages Expense account, which is a debit.
d) Add the $2 unused supplies on hand to the Supplies account, which is a debit. e) Reduce the Unearned Revenues account by $4 and increase the Revenues account by $4. This is done because $4 of the unearned revenue was earned during the month. Finally, calculate the net income by adding the debits and credits and then deducting the smaller amount from the larger amount.
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what does the fox say
Answer:nenenesnene
Explanation:
Answer:
"Ring-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!"
"Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!"
According to the video, what are some common issues treated by Marriage and Family Therapists? Check all that apply.
-mental and emotional disorders
-learning and academic challenges
-legal problems
-health and behavioral problems
-relationship issues
work-related issues
Answer:
Explanation:
mental and emotional disorders
health and behavioral problems
relationship issues
According to the video, some common issues that are treated by Marriage and Family Therapist are:
mental and emotional disorders
health and behavioral problems
relationship issues
Thus option (A), (D) and (E) are correct.
What is marriage?A marriage is the legal bond between two different people living together. A marriage is a process by which two people make their relationship public, official, and permanent.
A marriage is a socially and legally accepted union, usually between a man and a woman that is regulated by laws, rules, customs, beliefs, and attitudes. It gives the legal rights and duties of the partners and gives status to have offspring.
According to the video, some common issues that are treated by Marriage and Family Therapist are: mental and emotional disorders, health and behavioral problems and relationship issues.
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Bonds are essentially...
A. illegal except for those issued by public utility companies.
B. either common or preferred types of bonds.
C. designed to help prevent trusts.
D. loans to a corporation.
Answer:
Its D pretty sure
Explanation:
the reasons why socio economic issues pose a challenge to businesses
Answer:
Socio-economic issues affect consumer spending due to poverty and unemployment. These issues place extra burdens and expenditure on businesses as they have to develop policies/support systems/ informative programs to address them.
Explanation:
Successful implementation of enterprise information technology system requires: Group of answer choices a set of tools for project managers and members to report project plans and status. information systems that improve communications and support collaboration among members of a workgroup. integrated data, text, voice, and video in a single solution that encompasses instant messaging, presence information, and video conferencing. the radical redesign of fundamental work processes and the automation of new processes.
Answer:
the radical redesign of fundamental work processes and the automation of new processes
Explanation:
Information Technology
This is simply regarded as."hard stuff". It includes computer, hardware, networks
Information System
This is simply regarded as "soft things". This includes software, data, apps.
Organization
This is simply regarded as some amount or group of people fully involved in some form of purposeful activity.
Enterprise reasource Planning System
This is simply known as a form of packaged system that gives room(allows) a business to eventually integrate and automate.
Organization information technology information systems
This is simply regarded as a form of information systems that tends to make better or improves communications and support collaboration among members of a project.
A firm offloads some of its production costs to 3 rd parties. This would contribute to market failure because: Consumers would love the lower prices. Private benefits would not be the same as the benefits to society as a whole. Private costs would be the same as the costs to society as a whole. The firm would lose money.
A firm offloading some of its production costs to third parties would contribute to market failure because the private benefits of lower prices for consumers would not be the same as the benefits to society as a whole. In this scenario, private costs would remain the same as the costs to society as a whole, leading to market inefficiency. The correct option is b.
When a firm offloads some of its production costs to third parties, it may result in market failure because the private benefits, which are the benefits enjoyed by the firm and its customers, may not align with the benefits to society as a whole. While consumers may appreciate the lower prices resulting from offloading costs, the broader societal impacts, and costs are not adequately accounted for.
Offloading production costs to third parties can have negative consequences for society. For example, if a firm externalizes its environmental costs by polluting the air or water, the private benefits of cost savings may be enjoyed by the firm and its customers, but the negative impacts on public health and the environment affect society as a whole.
The correct option is b.
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Use the following information for the next two items: On June 30, 2019, Ledsen Corporation leased a vehicle to Sleeping Co. Ledsen Corporation had purchased the vehicle on that day for its fair value of P89,721. The lease agreement, which cost Ledsen Corporation P1,457 to have drawn up, contained the following. Lease term - 4 years Economic life of vehicle - 6 years Annual payment, payable in advance on June 30 each year - P23,900 ▪ Estimated residual value at end of lease term - P15,000 ▪ Residual value guarantee - P7,500 Interest rate implicit in the lease (known to Sleeping) - 7% Sleeping's incremental borrowing rate - 8% Included in the annual payment is an amount of P1,900 to cover reimbursement for the costs of insurance and maintenance paid by the lessor. The asset will be returned to the lessor at the end of the lease term. Sleeping Co.'s fiscal year end is June 30. Note: Round off present value factors to four decimal places. Round off amounts to the nearest peso. Based on the information above, answer the following:
1. How much is the initial measurement of the right of use asset?
2. What is the current portion of the lease liability as at June 30, 2020?
1. Calculation of the initial measurement of the right-of-use asset The initial measurement of the right-of-use asset is the sum of the lease liability and any initial direct costs incurred by the lessor, less any lease incentives received by the lessee. Initial direct costs refer to the cost incurred by the lessor to obtain a lease.
Therefore, the initial measurement of the right-of-use asset is P93,571.00.2. Calculation of the current portion of the lease liability as at June 30, 2020:Each year, the lease payment payable in advance on June 30 is P25,800, of which P23,900 is for the use of the asset, and P1,900 is for reimbursement of insurance and maintenance expenses.Using the information given, the carrying amount of the lease liability on June 30, 2019, was P92,114.78 (computed above). Hence, the lease liability balance at the start of the current year (July 1, 2019) is P92,114.78.
The total payment for the year ended June 30, 2020, is P25,800, of which P23,900 is for the use of the asset, and P1,900 is for insurance and maintenance expenses. The interest component of the lease payment is calculated as follows: Interest component = Lease liability at the beginning of the period x Interest rate Lease liability at the beginning of the period = P92,114.78Interest rate = 7%Interest component = P92,114.78 x 7% = P6,448.04
Therefore, the current portion of the lease liability as of June 30, 2020, is the sum of the principal payment (lease payment - interest component) for the current year and the remaining balance of the lease liability at the end of the current year. Current portion of lease liability = Lease liability at the beginning of the year + Lease payment - Interest component - Lease liability at the end of the year Lease liability at the beginning of the year = P92,114.78Lease payment = P23,900 + P1,900 = P25,800.
Interest component = P6,448.04Lease liability at the end of the year = P85,807.06 (computed below)Lease liability at the end of the year = Lease liability at the beginning of the year + Principal payment Lease liability at the beginning of the year = P92,114.78.
Principal payment = Lease payment - Interest component = P25,800 - P6,448.04 = P19,351.96Lease liability at the end of the year = P92,114.78 + P19,351.96 = P85,807.06.
Therefore, the current portion of the lease liability as at June 30, 2020, is P25,558.76 (computed below):Current portion of lease liability = P25,800 - P6,448.04 - P85,807.06 = P25,558.76
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Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
Critically explain Robbins definition of economics?
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain equal?
Answer:
According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.
Explanation:
The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.
Answer:
The wage rate for that job will be pushed down.
Explanation: I just took the test and got it right
Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
What is the purpose of Marketing?
Answer:
Marketing is the set of activities and strategies by means of which a company seeks to maximize its sales and, therefore, its economic returns. Thus, marketing involves all types of business action aimed at advertising the products offered, attracting potential customers, meeting the needs and creating other needs for the market, and, ultimately, all types of activity that positions the company in the market.
krysta wants to take piano lessons. she asked a teacher how many new pieces she could expect to learn each month. the teacher gave an estimate of 3. write an equation that shows how the total number of pieces krysta would learn, y, depends on the number of months of piano lessons, x.
The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.
What is the Linear equation?A linear equation is defined as an equation in which the highest power of the variable is always one.
Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.
Let y represent the total number of pieces Krysta would learn,
And x represent depends on the number of months of piano lessons,
According to the given situation, we can write the equation would be as:
⇒ y = 3x
Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.
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According to the video, what are the goals of window displays? check all that apply.
to catch the eye
to learn about the customers
to make merchandise look irresistible
o to make salespeople feel glamorous
Answer:
a and c
Explanation:
Answer:
its a and c
Explanation:
i got it right
ou work for a company that manufactures food products. A new "wonder food" contains only carbon, oxygen, and hydrogen. At this point, your research can say with certainty that the food ______.
Answer: B)does not include proteins or nucleic acids.
Explanation:
Carbon, oxygen, and hydrogen are very important elements in the production of various compounds that result in food for the human race and perhaps the most popular of those is carbohydrates.
They are also important in the formation of Proteins and nucleic acids. In these two however, the aforementioned elements need another element to form them. That element would be Nitrogen. As this new wonder food is lacking in nitrogen it can be confidently said that it does not include any proteins or nucleic acids.
Energy derived from renewable sources located within the project site perimeter is called:_________
On-site renewable energy.
What Exactly Is a Renewable Resource?A resource that can naturally replace itself throughout time is said to be renewable. Therefore, despite human consumption, it is sustainable.
Because of their potential to replace non-renewable or finite resources in the generation of energy, renewable resources are viewed as being of particular importance. Additionally, compared to non-renewable resources like coal and fossil fuels, renewable resources can give greener energy alternatives.
The sun, wind, water, geothermal heat from the soil, and biomass are a few examples of renewable resources.
As long as there is precipitation, water is also regarded as a renewable natural resource. The need for conservation measures to protect water supplies has been demonstrated by changing climatic trends.
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Calculate the break-even point for a new toy that costs $12 to make and market and that will be sold for $15. The total quantity that will be sold at that price is 200,000.
The break-even point for new toy that costs $12 to make and the market and that will be sold for $15 is 2%.
What is break-even point?The break-even point is a critical concept in business that indicates the level of sales or revenue necessary to cover all the costs associated with a product or service. It is the point at which the total revenue earned equals the total cost of producing and delivering the product or service. At this point, there is no profit or loss, and the business is said to be "breaking even." The break-even point is calculated by dividing the total fixed costs by the contribution margin per unit. The contribution margin is the difference between the price of the product and the variable cost of producing it. Understanding the break-even point helps businesses make informed decisions about pricing, production, and marketing strategies to achieve profitability.
Variable costs = Price - Fixed costs = $15 - $12 = $3 (per unit)
Break-even point = $12 / ($15 - $12) = $12 / $3 = 4,000 units
Break-even point will be reached when= 4,000 units / 200,000 units = 0.02 or 2%
Therefore, break-even point for new toy is 2% of total quantity sold, which is equivalent to 4,000 units.
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What are the three basic functions of money ?
Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
The three basic functions of money are store of value, unit of account, and medium of exchange.
What is money?The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.
There are the three basic money functions such as medium of exchange to currency, it was the paper note into the monetary term. Money was the basic purpose of the buying and selling. It was the easily to the store and spend on as per the conveniently.
As a result, the significance of the three basic functions of money are the aforementioned.
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The geometric average annual return for a large capitalization stock portfolio is 10% for ten
years and 6% per year for the next five years. The geometric average annual return for the entire
15 year period is ________.
A) 9.08%
B) 8.65%
C) 8.22%
D) 9.52%
Answer:
B) 8.65%
Explanation:
Geometric Average Return = [(1 + r1) * (1 + r2) * - - - - - * (1 + rN)]1/N - 1
Geometric Average Return = [(1 + 0.10)^10 * (1 + 0.06)^5]^1/15 - 1
Geometric Average Return = [1.10^10 * 1.06^5]^1/15 - 1
Geometric Average Return = [2.59374*1.33823]^1/15 - 1
Geometric Average Return = (3.471021)^1/15 - 1
Geometric Average Return = 1.08650188155 - 1
Geometric Average Return = 0.08650188155
Geometric Average Return = 8.65%
Fill in the blanks with the best matching pair. As altitude (distance from Earth's surface in the atmosphere) _________, air pressure _________.
As altitude (distance from Earth's surface in the atmosphere) increases, air pressure decreases.
The relationship between altitude and air pressure is inversely proportional. As you go higher in the atmosphere, the layers of air above become thinner, resulting in a decrease in air pressure. This is because the weight of the air above decreases with altitude.
At lower altitudes, such as near the Earth's surface, the air pressure is higher due to the weight of the air column above exerting pressure. However, as you ascend to higher altitudes, there is less air above, resulting in lower air pressure.
This relationship between altitude and air pressure has significant implications for various phenomena, including weather patterns, atmospheric conditions, and the functioning of human respiratory systems at high altitudes.
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Ally, a minor, purchases a car from a used-car dealer. The law allows minors the right to cancel a contract until the time the minor turns 18. The contract between Ally and the dealer is Multiple Choice an unenforceable contract. a valid contract. a voidable contract. a void contract.
Answer:
Her contract is C) A VOIDABLE CONTRACT
Explanation:
hope this helps :)
Finding a job that matches your skills and interests, and finding a job that has a positive job outlook are both important things to consider when selecting a career. Which do you think is more important? Why?
<< Read Less
Answer: Finding a job that matches your skill and interest.
Explanation:
This is very important and it majorly one of the key things to consider when applying for jobs. Sometimes, desperation makes people take any job without thinking if they like the job or not and this is bad as it will hinder the success of such person in the firm.
A typical example of this is applying for a job that requires proficiency in microsoft office packages and you literally have no knowledge but you only applied considering the Positive outlook of the firm, they are no two ways about this, you'd perform woefully if being asked simply because you don't possess the skill.
Finding a job that matches your skills and interest tends to make the job more enjoyable as you will be more motivated to keep the job and will find great pleasure in carrying out the task given. It also aids your career development as well, according to the saying practice makes perfect, doing what you love will continually help you to grow and develop yourself in your chosen field.
Which costing method assigns only manufacturing costs to products?.
Answer:
Traditional costing
Explanation:
Using traditional costing, only manufacturing costs can be assigned to products. Under ABC, both manufacturing and non-manufacturing costs may be assigned.
Why is it so hard to find essentials during times of crisis?
Answer:
because they are in high demand because so many other people want them
Answer the following:
A bank makes a loan at a 7.0% nominal interest rate to a business. For each of the following scenarios, calculated the expected and actual real interest rates on the loan and state whether the bank is better-off, worse-off, or just as well-off as it expected.
Inflation was expected to be 4%, but actual inflation was 2%
Inflation was expected to be 3%, but actual inflation was 3%
Inflation was expected to be 2% and actual inflation was 4%
The bank is better-off than it expected in scenario 1, just as well-off as it expected in scenario 2, and worse-off than it expected in scenario 3.
Nominal interest rate is the interest rate not adjusted for inflation, and real interest rate is the nominal rate adjusted for inflation. Let's calculate the expected and actual real interest rates on the loan for each scenario and determine if the bank is better off, worse off, or just as well-off as it expected.
Scenario 1: Inflation was expected to be 4%, but actual inflation was 2%Expected real interest rate = Nominal interest rate - Expected inflation rate= 7.0% - 4% = 3.0%Actual real interest rate = Nominal interest rate - Actual inflation rate= 7.0% - 2% = 5.0%Since the actual real interest rate is higher than the expected real interest rate, the bank is better-off than it expected.
Scenario 2: Inflation was expected to be 3%, but actual inflation was 3%Expected real interest rate = Nominal interest rate - Expected inflation rate= 7.0% - 3% = 4.0%Actual real interest rate = Nominal interest rate - Actual inflation rate= 7.0% - 3% = 4.0%Since the actual real interest rate is the same as the expected real interest rate, the bank is just as well-off as it expected.
Scenario 3: Inflation was expected to be 2% and actual inflation was 4%Expected real interest rate = Nominal interest rate - Expected inflation rate= 7.0% - 2% = 5.0%Actual real interest rate = Nominal interest rate - Actual inflation rate= 7.0% - 4% = 3.0%Since the actual real interest rate is lower than the expected real interest rate, the bank is worse-off than it expected.In conclusion, the bank is better-off than it expected in scenario 1, just as well-off as it expected in scenario 2, and worse-off than it expected in scenario 3.
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question content area top part 1 budget committees would include all of the following people except a question content area bottom part 1 a. human resources manager. b. product manager. c. shareholder. d. chief financial officer.
The correct option is C, Budget committees would include all of the following people except shareholders.
When someone buys a share of a company, they become a part owner of that company and are entitled to a portion of its profits and assets. Shareholders typically have the right to vote on important company decisions, such as the election of the board of directors, mergers and acquisitions, and changes to the company's bylaws.
They may also receive dividends, which are payments made by the company to its shareholders as a portion of its profits. Shareholders are important stakeholders in a business, as they provide the funding necessary for the company to operate and grow. Their investment in the company gives them a vested interest in its success, and they often closely monitor its performance to ensure that it is meeting its goals.
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Rohan wants to buy part of a company, and is interested in stocks. He knows that his favorite company, Apple, is traded on the stock market.
Can he purchase stock in the company?
A No, only those who work for Apple can Invest in the company.
B No, but he can purchase Apple dividends.
C Yes, he can buy bonds In Apple.
DYes, he can buy stock in Apple.
Answer:
Yes, he can buy stock in Apple.
Explanation:
He knows that his favorite company, Apple, is traded on the stock market. so Yes, he can buy stock in Apple.
What is the stock price?Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges. This technique is founded on the assumption that investors operate rationally and without bias.
As we buy stock straight from company, There are several companies that will sell stock directly to individual investors. Most companies that offer this kind of purchase option don't charge investors a commission, and if they do, the commission or service charge is very low compared to buying stocks through a broker.
Therefore, Thus option (D) is correct.
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A borrower has a 20-year mortgage loan for $351,483 with an interest rate of 8 nd monthly payments. if she wants to pay off the loan after 7 years, what would be the outstanding balance on the loan?
A borrower has a $351,483 home debt with 20 years left on it and monthly installments of 8. The loan has an unpaid balance of $174,961.5609.
Here is the Solution:
First, let's find the monthly payment.
Monthly interest rate =\((1 + 0.06)^{(1/12)} - 1 = 0.486755057%\)
I/Y = 0.486755057
N = 30 \(\times\) 12 = 360 payments
PV = 200,000
FV = 0
Find PMT to get $1,178.740834
Number of payments left after 8 years = (30 - 8)\(\times\)12 = 264
Compute the PV to get the loan outstanding after 8 years with
N = 264
I/Y = 0.486755057
PMT = -1,178.740834
FV = 0
Find PV to get $174,961.5609
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Suppose the United States can produce either 90 apples and 20 oranges or 80 apples and 30 oranges. What is the opportunity cost of producing 1 apple?
Answer: The opportunity cost of producing 1 apple will be 1 orange.
Explanation:
Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.
In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.
This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.