Jason an Melissa are both aspiring chefs. Jason can prepare a tray of lasagna in 15 minutes. He can prepare a cake in 30 minutes. Melissa can prepare a tray of lasagna in 45 minutes. She can prepare a cake in 15 minutes. Based on this information which statement is correct? a. Jason's opportunity cost of lasagna is 1/2 cake, while Melissa's opp. cost of lasagna is 3 cakes.
b. Jason's opportunity cost of cake is 2 lasaqna, while Melissa's opp. cost of cake is 3 lasagna.
c. Jason's opportunity cost of lasagna is 2 cakes, while Melissa's opp. cost of lasagna is 1/3 cake.
d. Jason's opportunity cost of cake is 1 lasagna, while Melissa's opp, cost of cake is 2 lasagna.

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was: