Refer to the Information Provided in Table 33

question 137

Multiple Choice

Refer to the information provided in Table 33.5 below to answer the question(s) that follow. Cashews are measured in bushels and tea is measured in pounds (lbs.)
Table 33.5
-Refer to Table 33.5. In Vietnam, the opportunity cost of

• A) a lb. of tea is 2/15 of a bushel of cashews.
• B) a lb. of tea is 1/8 of a bushel of cashews.
• C) a lb. of tea is 40 bushels of cashews.
• D) a bushel of cashews is 4/3 of a lb. of tea.

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Definitions:

Trade Receivables

Amounts owed to a business by its customers arising from the sale of goods or services on credit.

Other Receivables

Financial claims against other entities besides accounts receivable, such as interest receivable, income taxes refundable, or insurance claims receivable.

Nontrade Receivables

Monies owed to a company that are not related to the sale of goods or services, such as loans to employees.

Loans

Loans refer to borrowed money that must be repaid with interest by the borrower to the lender, used typically for personal, business, or education purposes.