For each watch Brazil produces, it gives up the opportunity to make 50 pounds of Minas cheese. Columbia can produce one watch for every 100 pounds of Minas cheese it produces. If specialization and trade were to occur between these two countries, which of the following is true with regard to opportunity costs in the two countries? a. The opportunity cost of producing watches is higher in Brazil than Columbia. b. The opportunity cost of producing cheese is higher in Brazil than Columbia. c. The opportunity cost of producing cheese is identical in both countries. d. The opportunity cost of producing watches is lower in Columbia than Brazil. e. In both countries combined, the opportunity cost of one watch is 150 pounds of cheese. 25. For each apple strudel Austria produces, it gives up the opportunity to make 150 watches. Switzerland can produce one pound of apple strudel for every 300 watches it produces. If specialization and trade were to occur between these two countries, which of the following is true with regard to opportunity costs in the two countries? a. The opportunity cost of producing strudels is lower in Austria than Switzerland. b. The opportunity cost of producing watches is lower in Austria than Switzerland. c. The opportunity cost of producing strudels is identical in both countries. d. The opportunity cost of producing watches is higher in Austria than Switzerland. e. In Switzerland, the opportunity cost of producing one watch is one strudel.

Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya. jan. 3purchased on account 350 widgets for $11 each. b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c. jan. 10purchased on account 625 widgets for $12 each. d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company. e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered. f.jan. 13paid for the purchases made on jan. 3.g. jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h. jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition. i.jan. 25received payment for the sale made on jan. 5.j. jan. 26paid for the purchases made on jan. 10.k. jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."