"If I Didn't Have Class Tonight, I Would Save the $4

question 37

Multiple Choice

"If I didn't have class tonight, I would save the $4 campus parking fee and spend four hours at work where I earn $10 per hour." The opportunity cost of attending class this evening is:

• A)$4.
• B)$40.
• C)$44.
• D)$0.
• E)dependent on the usefulness of the information learned in class.

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Definitions:

Trial Balance

An accounting report that lists the balances of all ledgers in two columns (debits and credits) to ensure they are equal.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Assets

Assets refer to resources owned by an individual or organization that have economic value and can be converted into cash or used to generate income.

Existing Balance

Refers to the amount currently in an account prior to any new charges, deposits, or withdrawals.