Kevin has $20 to spend on summer clothes. he is looking at shirts, shorts, and flip-flops. shirts are $10, shorts are $15, and flip-flops are $10. he buys one shirt because he thinks that buying the shirt is worth the opportunity cost of the shorts and the flip-flops. which statement best evaluates his reasoning?
kevin has analyzed the situation well. he purchased a shirt and that purchase cost the opportunity of buying the shorts or flip flops.
kevin was wrong in his analysis. he has confused opportunity costs with trade-offs by thinking of both of the lost items as opportunity costs.
kevin was wrong in his analysis. the opportunity cost consists of more than the shorts and flip-flops. it also includes other choices he could have made with the $10.
kevin has analyzed the situation well. however, he should also consider the fact that he saved $10 by only purchasing the shirt.

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false