In One Week,Mohammed Can Knit 5 Sweaters or Bake 240

question 92

Multiple Choice

In one week,Mohammed can knit 5 sweaters or bake 240 cookies.In one week,Aisha can knit 15 sweaters or bake 480 cookies.Aisha's opportunity cost of baking one cookie is:

• A)5 sweaters.
• B)15 sweaters.
• C)32 sweaters.
• D)1/32 of a sweater.
• E)480 sweaters.

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Definitions:

Cash Balance

The amount of cash or cash equivalents a company or individual possesses at any given time.

Disbursements

The act of paying out or distributing money, often by a business for various expenses.

Equipment Account

An account that tracks the cost of equipment a company owns, minus any accumulated depreciation.

Liability Account

An account that records obligations or amounts owed to others that will require a future outflow of resources.