It costs Cool Clothes Company $15 to produce one pair of jeans, but they needed to discontinue production of shirts to focus on jeans. For this company, the $15 is the , and discontinuation of shirt production is considered their ? A) Opportunity Cost; Production Cost B) Production Cost; Resource Cost C) Production Cost; Opportunity Cost. D) Resource Cost; Production Cost

C) Production Cost; Opportunity Cost. 

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

The discontinuation of shirt production in order to produce jeans is the opportunity cost.

Production cost is the total cost incurred in producing jeans.

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both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

answer/// equals both average variable cost and average total cost at their respective minimums;