Which of the following is a standard term that describes the audience of retail
stores-that is the people who will buy things from the stores?"
A customers
B manufacturers
C wholesalers
D buyers

Answers

Answer 1

Answer:

A.

Explanation:

the customers are an audience of retail. retail is shopping.


Related Questions

Coca-Cola Enterprises issues a 0.07 semi-annual coupon bond with 16 years of maturity. What is the bond's price if the yield to maturity (YTM) is 0.13?a. $1,020 b. $1,162 c. $932 d. $1,216 e. $600

Answers

Answer:

Bond Price​= $600

Explanation:

Giving the following information:

Face value= $1,000

Number of periods= 16*2= 32

Cupon= (0.07/2)*1,000= $35

YTM= 0.13/2 = 0.065

To calculate the price of the bond, we need to use the following formula:

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 35*{[1 - (1.065^-32)] / 0.065} + [1,000/(1.065^32)

Bond Price​= 466.69 + 133.29

Bond Price​= $600

Money that you owe is known as debt

Answers

Answer:

true

Explanation:

Bill Dukes has $100,000 invested in a 2-stock portfolio. $35,000 is invested in Stock X and the remainder is invested in Stock Y. X's beta is 1.50 and Y's beta is 0.70. What is the portfolio's beta?

Answers

Answer:

The portfolio's beta is 0.98

Explanation:

Stock beta id the weghted average beta of a portfolio, Use following formula to calculate the portfolio beta

Portfolio beta = ( Beta of stock X x Weight of Stock X ) + ( Beta of stock Y x Weight of Stock Y )  

As per given data

Stock ______ Amount Invested ______ Beta

X _________ $35,000 _____________ 1.50

Y _________ $65,000 _____________ 0.70   ( $100,000 - $35,000 )

Placing values in the fromula

Portfolio beta = ( 1.50 x $35,000/$100,000 ) + ( 0.70 x $65,000/$100,000 )

Portfolio beta = 0.525 + 0.455

Portfolio beta = 0.98

Marin Company's accounts receivable arising from sales to customers amounted to $88000 and $77000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $334000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

Answers

Answer:

Marin Company

Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

$345,000

Explanation:

a) Data and Calculations:

Accounts Receivable (Beginning) $88,000

Accounts Receivable (Ending) $77,000

Increase in Cash received from customers = $11,000

b) Income reported on the income statement for the year = $334,000

Increase in Cash received from Customers =                               11,000

Cash flows from operating activities to be reported =           $345,000

c) The Accounts Receivable reduced from $88,000 to $77,000.  This implied that some customers settled their accounts.  Therefore, there was inflow of cash from customers.  This increases the cash flows from operating activities.  This is why the difference is added to the Income as per income statement as a change in working capital.

Becky is a cash basis taxpayer with the following transactions during her calendar tax year: Cash basis revenue $54,000 Cash basis expenses, except rent 25,000 Rent expense (paid on December 1) for use of a building for 24 months 24,000 What is the amount of Becky's taxable income from her business for this tax year?

Answers

Answer:

$28,000

Explanation:

Calculation for the amount of Becky's taxable income from her business for this tax year

Taxable income=$54,000 - $25,000 - ($24,000 / 24 months × 1 month)

Taxable income=$54,000 - $25,000 - $1,000

Taxable income=$28,000

Therefore the amount of Becky's taxable income from her business for this tax year will be $28,000

Insurance, background checks, and security plans are all categories of ____________. policies procedural controls procedures policy controls

Answers

Answer:

procedural controls

Explanation:

Insurance can be defined as a means through which an individual or organization gets protected from financial losses, damages, death or illness after paying a premium.

Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.

This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.

Procedural controls can be defined as a set of steps taken in order to ensure that the information provided are true.

Hence, insurance, background checks, and security plans are all categories of procedural controls.

Explain the difference between the law of diminishing marginal returns and the law of dininishing marginal rate of techinal substitution.

Answers

Answer:

The primary difference between those two concepts is focus that each term has. The first one focus on the relationship between the level of production and the level of return. While the second one focus on the relationship between the level of production and the amount of factors used for that production.

Explanation:

One the one hand, the law of diminishing marginal returns is a concept known in the microeconomics theory due to the fact that it establishes the relationship between the productivity and the income for every aspect of it. Meaning that, when the productivity increases because of the increase of only one factor of production then the income will start to slowly decrease, confirming that when only one factor is increased the production will start to be incomplete and the return will decrease for that.

On the other hand, the law of diminishing marginal rate of technical substitution indicates the relationship between the level of output and the different factor used to produce. Meaning that, it shows how to keep the level of output the same while making changes in the amount of factors used.

Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2021 year-end inventory is as follows:Inventory,by Product Category Quantity Per Unit Net Realizable Value Cost Tools:Hammers 100 $4.80 $5.30 Saws 180 9.80 8.80 Screwdrivers 280 1.80 2.40 Paint products: 1-gallon cans 480 5.80 4.80 Paint brushes 100 3.80 4.30 Required:
1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory.2. Assuming inventory write-downs are common for Almaden, record any necessary year-end adjustment amount for each of the LCNRV applications in requirement 1.

Answers

Answer:

Product category        units           cost          NRV   year-end inventory

Tools:

Hammers            100           $4.80        $5.30           $480Saws                    180          $9.80        $8.80          $1,584Screwdrivers       280          $1.80        $2.40            $504

Paint products:

1-gallon cans      480            $5.80      $4.80         $2,304Paint brushes     100            $3.80       $4.30            $380

1) carrying value of year-end inventory:

Tools:                        

Hammers            $480Saws                  $1.584Screwdrivers       $504sub-total            $1,573

Paint products:         $2,568

1-gallon cans    $2,304Paint brushes      $380sub-total           $2,684

Total                          $5,252

2) adjustment to tools:

Dr Cost of goods sold 180

    Cr Inventory: tools 180

adjustment to paint products:

Dr Cost of goods sold 480

    Cr Inventory: paint products 480

or

total adjustment to inventory account:

Dr Cost of goods sold 660

    Cr Inventory 660

Based on this income statement for Company ZYX for the year ending December 31, 2014, what adjustment would need to be made to Net Income to account for Gain or Loss in calculating cash flow from Operating Activities using the indirect method?"

COMPANY ZYX

INCOME STATEMENT

For the Year Ending 12/31/14

Net Sales $ 500,000

Cost of Sales $ 200,000

GROSS PROFIT 300,000

Operating Expenses

Research and Development 35,000

Marketing and Sales Expenses 60,000

General and Administrative Expense 21,000

TOTAL OPERATING EXPENSES 116,000

OPERATING INCOME 184,000

Gain(Loss) on sale of Equipment (30,000)

Gain (Loss) on sale of debt investment 46,000

Other Income/(Expense) (10,000)

Net INCOME BEFORE TAXES 190,000

Income Tax Expense 57,000

NET INCOME $133,000

Answers

Answer:

a) Adjustment of (16,000) in the Operating Section

Explanation:

The adjustment required in the operating activities section of the cash flow statement is shown below:

Loss of sale of equipment  $30,000

Less: Gain on sale of debt investment -$46,000

The net deduction is $16,000

Since there is a loss on sale of an equipment so the same is to be added back and there is a gain on sale of investment with respect to debt so the same is to be deducted

hence, the correct option is a.

a)Adjustment of (16,000) in the Operating Section would need to be made to Net Income to account for Gain or Loss in calculating cash flow from Operating Activities using the indirect method.

Loss of sale of equipment  $30,000

Less: Gain on sale of debt investment -$46,000

The net deduction is $16,000

When you consider that there is a loss on the sale of a device so the identical is to be introduced back and there is a benefit on the sale of funding with respect to debt so the equation is to be deducted.

What is an income statement?

An income statement is an economic declaration that suggests you the employer's earnings and expenses. It additionally shows whether an enterprise is making profit or loss for a given period.

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What is the degree of alignment between what Netflix is currently
doing (actions) and their mission, vision, values, structure, and culture.

Answers

I’m sorry I gave up 85 points on accident

The long-term trend only Least-Squares Regression Model is the same as a simple linear regression with time (t) as the independent variable and our time series (Yt) as the dependent variable.

a. True
b. False

Answers

Answer: a. True

Explanation:

The simple linear regression model is;

y = mx + c

Where,

y = dependent variable

m is the slope

x is the independent variable

c is the y- intercept

The long-term trend only Least-Squares Regression Model also follows the same format except y becomes Yt and x becomes t.

The long-term trend only Least-Squares Regression Model is therefore the same as a simple linear regression only with different variable terms.

Using the 4 Cs, we consider a variety of costs associated with the purchase of a product. Cost in the Four Cs model is similar to ________using the Four Ps.

Answers

Answer:

marketing

Explanation:

Marketing may be defined as the business or the action of promoting as well as selling products or the services, which includes a market research and the advertising. It is the activity, the organization undertakes to foster promote by buying or by selling a product or a service in the market.

The 4Cs that is used in the concept of marketing is Convenience, Communication, Consumer solution, Cost. They are quite similar to the 4P model of marketing i.e. Place, Promotion, Product, Price. These models are used in marketing to enhance the 'marketing mix'.

Answer:

Product

Explanation:

Got it right on the test

GIVING ALL MY POINTS AWAY FOR THIS, DUE IN A COUPLE HOURS


The term caveat emptor, a latin term, meaning let the buyer aware
how is this important to suppliers and businesses

Answers

I believe this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects. In other words, the principle of caveat emptor serves as a warning that buyers have no recourse with the seller if the product does not meet their expectations.

Sushi corp. purchased and installed electronic payment equipment at its drive-in restaurants in san marcos, tx, at a cost of $51,300. the equipment has an estimated residual value of $2,700. the equipment is expected to process 275,000 payments over its three-year useful life. per year, expected payment transactions are 66,000, year 1; 151,250, year 2; and 57,750, year 3.

Required:
Complete a depreciation schedule for each of the alternative methods.

1. Straight-line.
2. Units-of-production.
3. Double-declining-balance.


Income Statement Balance Sheet
Year Depreciation Expense Cost Accumulated Depreciation Book Value
At acquisition
1
2
3

Answers

Answer:

Sushi Corp.

Depreciation Schedule:

            Income Statement   Balance Sheet

Year Depreciation Expense  Cost          Accumulated     Book Value

                                                                 Depreciation

At acquisition                          $51,300

Straight-line method:

1             $16,200                   $51,300        $16,200            $35,100

2           $16,200                   $51,300        $32,400            $18,900

3          $16,200                   $51,300        $48,600             $2,700

Units-of-production method:

1              $11,664                   $51,300        $11,664             $39,636

2           $26,730                   $51,300        $38,394            $12,906

3           $10,206                   $51,300        $48,600             $2,700

Double-declining-balance method:

1            $34,371                   $51,300          $34,371               $16,929

2           $11,342                   $51,300          $45,713                $5,587

3          $2,887                    $51,300        $48,600                $2,700

Explanation:

a) Data and Calculations:

Cost of electronic payment equipment = $51,300

Residual value = $2,700

Depreciable amount = $48,600 ($51,300 - $2,700)

Volume of payments = 275,000

Useful life = 3 years

Year 1 expected payment transaction = 66,000

Year 2 expected payment transaction = 151,250

Year 3 expected payment transaction = 57,750

b) Straight-line method:

Depreciation expense per year =  $16,200 ($48,600/3)

b) Units-of-production method:

Depreciation expense per:

Year 1 = 66,000/275,000 * $48,600 = $11,664

Year 2 = 151,250/275,000 * $48,600 = $26,730

Year 3 = 57,750/275,000 * $48,600 = $10,206

c) Double-declining-balance method:

Depreciation rate = 100/3 * 2 = 67%

Depreciation expense per:

Year 1 = $51,300 * 67% = $34,371

Year 2 = $16,929 * 67% =   11,342

Year 3 = $2,887 ($5,587 - $2,700)

When the economy is overheating and policymakers pursue contractionary fiscal policy, they express willingness to trade off _________ output for a ________ price level.a) higher;higher.
b) higher;lower.
c) lower;higher.
d) lower;lower.

Answers

Answer:

.a) higher;higher.

Explanation:

Economy overheating is an economic situation whereby the economy has a long time economic growth as well as activities, which as a result of this high level of inflation is recorded, then as the inflation linger the economy growth will be hindered and this can leads to recession in the country. It should be noted that When the economy is overheating and policymakers pursue contractionary fiscal policy, they express willingness to trade off higher output for a higher price level

A common test for employment at Ergon Inc., a cake factory, is a strength requirement test. This would be an example of

Answers

Question Completion:

Multiple Choice

disparate impact.

reasonable accommodation.

quid pro quo.

internal discrimination.

disparate treatment

Answer:

This would be an example of:

internal discrimination.

Explanation:

Discrimination may result from one's race, gender, sex, pregnancy, ethnic or social origin, color, sexual orientation, age, disability, religion, conscience, belief, culture, etc.  Most discrimination practices arise from the different identities of the parties involved.  Discrimination causes ethical and legal dilemmas for the parties and may limit benefits or opportunities to persons.

Employment is a contractual relationship between two parties in which one party is the employer and the other is the employee.

Internal Discrimination

Individuals or groups of dwellers are treated differently because of their race, color, national origin, religion, sex, age, marriage and parental status, disability, sexual orientation, or genetic information.

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A 20-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 8%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices.

a. What is the bond’s yield to maturity if the bond is selling for $970?
b. What is the bond’s yield to maturity if the bond is selling for $1,000?
c. What is the bond’s yield to maturity if the bond is selling for $1,170?

Answers

Answer:

since you are required to calculate the effective yield to maturity, you cannot use the approximate YTM formula since it is not exact. You will need to use a financial calculator, online calculator or excel spreadsheet. I prefer to use an excel spreadsheet and use the IRR function:

a) initial outlay = -$970

cash flows 1 - 19 = $80

cash flow 20 = $1,080

IRR = 8.31%

Since the bond is sold at a discount, the effective yield will be higher than the coupon rate.

b) if hte bond is sodl at par, the effective yield to maturity is the coupon rate = 8%

c) initial outlay = -$1,170

cash flows 1 - 19 = $80

cash flow 20 = $1,080

IRR = 6.49%

Since the bond is sold at a premium, the effective yield will be lower than the coupon rate.

A company's most recent free cash flow to equity was $100 and is expected to grow at 4% thereafter. The company's cost of equity is 13%. Its WACC is 7.77%. What is its current intrinsic value

Answers

Answer:

Current intrinsic value - equity = $1155.56

Explanation:

FCFE or Free cashflow to equity is the free cash flow attributable to the equity holders. Using the constant growth model of FCFE we can calculate the intrinsic value of the equity or intrinsic value per share. The formula for the constant growth model is as follows,

Value of equity = FCFE0 * (1+g)  /  (r - g)

Where,

FCFE0 is the most recent FCFEg is the growth rate in FCFEr is the required rate of return on equity

Current intrinsic value - equity = 100 * (1+0.04)  /  (0.13 - 0.04)

Current intrinsic value - equity = $1155.56

If $2000 is invested at 2% interest, find the value of the investment at the end of 6 years if the interest is compounded as follows. (Round your answers to the nearest cent.)

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Initial investment= $2,000

Ineterest rate= 2%

Number of years= 6 years

First, we will calculate the future value if the interest is compounded annually, semiannually, and quarterly:

FV= PV*(1+i)^n

Annually:

n= 6

i= 0.02

FV= 2,000*(1.02^6)

FV= $2,252.32

Semiannually:

n=12

i= 0.02/2= 0.01

FV= 2,000*(1.01^12)

FV= $2,253.65

Quarterly:

n= 24

i=0.005

FV= 2,000*(1.005^24)

FV= $2,254.32

Now, if instead of compounding interest, it is simple interest:

FV= (PV*i*n) + PV

FV= (2,000*0.02*6) + 2,000

FV= $2,240

Consider the one-factor APT. The standard deviation of returns on a well-diversified portfolio is 18%. The standard deviation on the factor portfolio is 16%. The beta of the well-diversified portfolio is approximately:_________
Consider the single-factor APT. Stocks A and B have expected returns of 15% and 18%, respectively. The risk-free rate of return is 6%. Stock B has a beta of 1.0. If arbitrage opportunities are ruled out, stock A has a beta of:__________

Answers

Answer and Explanation:

The computation is shown below:

1. For Beta^2

= Standard Deviation of Well Diversified Portfolio^2 ÷ Standard Deviation of factor Portfolio^2

= (18%^2 ÷ 16%^2)^0.5

= 18 ÷ 16

= 1.125 or 1.13

And,

2. Expected Return = Risk free rate + Beta ×Factor

18% = 6% + 1 × F

F = 12%

The Beta of A is

= (15% -  6%) ÷ 12%

= 0.75

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Social security and medicare are progressive taxes. payroll taxes. local taxes. corporate taxes.

Answers

Answer:

payroll taxes

Explanation:

just took the test, got 100%

Social security and medicare are type of payroll taxes.

What are payroll taxes?

Payroll taxes are taxes paid by an employees form his or her salary.

The tax can be deducted or removed directly from the salary or wages of the employee and it is removed based on the amount of salary or wages in pay roll.

Therefore, payroll taxes includes social security and medicare.

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2020 $254000 overstated $200000 overstated 2021 121000 understated 79500 understated Assume that purchases were recorded correctly and that no correcting entries were made at December 31, 2020, or at December 31, 2021. Ignoring income taxes, by how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022

Answers

Answer:

$241,500 (Understated)

Explanation:

Calculation for how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022

Retained earnings = $121,000 (Understated) + $200,000 (Understated) - $79,500 (Overstated)

Retained earnings = $241,500 (Understated)

Therefore by how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022 will be $241,500 (Understated)

True or False? The placement of a product within a store, or online, can determine the sales performance of that product.

Answers

F

Product Placement. a form of advertising in which name brand goods are placed in sports & entertainment programs. embedded marketing.

Answer:

true

Explanation:

Robert Klassen​ Manufacturing, a medical equipment​manufacturer, subjected 90 heart pacemakers to 5,000 hours of testing. Halfway through the​ testing,4 pacemakers failed.  
Percent of failures:
Number of failures per unit-hour of operating time:
Number of failures per unit-year:

Answers

Answer and Explanation:

The computation is shown below:

a. For the percentage of failures is

= Number of failures ÷ number of pacemakers tested

= 4 ÷ 90

= 4.4%

b. For Number of failures per unit-hour of operating time

= Number of failure ÷ total time - non-operating time

= 4 ÷ (5,000 × 90) - (5,000 ÷ 2 × 4)

= 4 ÷ (450,000 - 10,000)

= 4 ÷ 440,000

= 9.09 × 10^-6

= 0.00000909 failure per unit-hour

c. For Number of  failures per unit-year is

= Failure ÷ unit year

= 0.0000090909 × 24 hours × 365 days

= 0.07963 failure per unit-year

1. Ebrima Kanteh works as a supervisor for an engineering company in Riyadh, Saudi Arabia. In the UK he had a reputation for speaking his mind and by doing so getting the best out of his staff. At the current project in Riyadh he supervises 12 British staff and nearly 50 Saudi staff. After a few months Ebrima has become increasingly frustrated by what he sees a less than effective Saudi team. Their lack of competence and slow work pace is worrying George. What should he do to try and bring the Saudi staff back into line?

Answers

Answer:

Mostly this question is kind of your opinion, there is a lot of sulutions but you can pick your answer since it is not any option qusion

Explanation:

SAME AS UP

i.
Describe and discuss features of the occupational
environment
ii.
Describe and discuss ways in which these features
affect learning processes and/or application of
learning
Secto
niention
ro​

Answers

Physical surroundings are where people learn, work, and play. The physical environment is where people live. Air, water, housing, and transportation are all ways humans interact with their physical environment.Culture determines how an organization runs. Everything from your official processes to your informal habits to your basic values builds your company's image. The fundamental aspect of a company's culture is the norms and practices that exist inside the workplace.Working conditions; The phrase "working circumstances" is used to describe the physical setting in which an employee performs their duties and other elements of their terms of employment. It encompasses health and safety, employee happiness, work-life balance, job scheduling, and time allocation.

The physical environment has a profound impact on the learning process since it is most conducive to concentration in a quiet setting. In a similar vein, additional factors will have an impact.

This is further explained below.

What is the occupational environment?

Generally,  the physical and social environment of the job." To put it simply, the social environment is the aggregate of people's social connections, their immediate physical surroundings, and the norms and values of the larger society in which they live.

In conclusion,  features of the occupational environment include

Physical environment: People study, work and have fun within their physical environments. The physical environment is where people live. The air that people breathe, the water that they drink, the dwellings that they live in, and the modes of transportation that they have access to in order to go to work and school are all ways in which people engage with their physical environment.

Company culture: The way a company operates is a reflection of its culture. It's everything from your official procedures to your informal practices to your core principles that comes together to build the impression your company makes on its workers and consumers. The fundamental aspect of a company's culture is the norms and practices that exist inside the workplace.

Working conditions;  The phrase "working circumstances" is used to describe the physical setting in which an employee performs their duties and other elements of their terms of employment. It includes issues like health and safety at work, employee satisfaction, and work-life balance, as well as the scheduling of tasks and the allocation of free time.

These features will affect the affect learning processes as the Physical environment will cause a significant effect on the learning process as learning is best done in a serene environment. in the same vain other features will affect it.

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If GDP is expected to increase at a steady rate of 3% per year, how many years would it take for living standards to double

Answers

Answer:

24 years

Explanation:

In a situation where a country GDP which is fully known as GROSS DOMESTIC PRODUCT was been expected to increase or grow at a rate of 3% per year or per annual which means that it will actually takes up to 24 years for a country economy living standard to double .

Therefore the numbers of years it would take for a country living standards to double will be 23 years.

7. Explain the importance of having sufficient 'working capital for his business to survive
and grow.

Answers

so that the business does not have to borrow money or take loans from banks

A country that advances its national interests abroad by prioritizing international cooperation, compromising with foreign allies, and participating in international organizations such as the United Nations is following a _____.

a. hegemonic grand strategy
b. grand strategy of isolationist protectionism
c. multilateralism grand strategy
d. grand strategy of unilateralism

Answers

Answer:

A country that advances its national interests abroad by prioritizing international cooperation, compromising with foreign allies, and participating in international organizations such as the United Nations is following a _____.

c. multilateralism grand strategy

Explanation:

The emphasis placed on relationships between other countries is dictated by a country's preferred objectives.  If the country encourages international relationships and cooperation with others, it is engaged in multilateralism.  This refers to an alliance of multiple countries pursuing a common goal, like the United Nations.  The opposite of this diplomatic strategy is called unilateralism.  This implies that the country chooses to go it alone without seekings the cooperation of others.  An example is when one country launches a military attack on another without seeking for the help or approval of other friendly countries.

International cooperation is referred to as the process or the set of activities in which the different states are involved in the act of adjusting their behavior as per the preference of the policy coordination.  

The correct answer is c. multilateralism grand strategy

Option c. multilateralism grand strategy is correct because it emphasizes the  relationships between other countries. If the country encourages international relationships and cooperation with others, it is engaged in multilateralism.  This refers to an alliance of multiple countries pursuing a common goal, like the United Nations.  

Options A, B, and D are wrong options because they do not relate to the international cooperation among the states for policy coordination and also because of not participating in the allies and the international organizations.

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Country A can produce 10 yards of textiles or 6 pounds of food per unit of input. Compute the opportunity cost of producing one additional unit of food instead of textiles.

Answers

Answer: 1.67 yards of textiles

Explanation:

The country can either produce 10 yards of textiles or 6 pounds of food. Opportunity cost of producing one additional unit of food instead of textiles will therefore be;

= 10/6

= 1.67 yards of textiles

This shows that for every pound of food produced, 1.67 yards of textiles are foregone.

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