Answer:
B
Explanation:
Fertile agricultural land can be farmed or sold, either way providing economic resources
Answer: Never
Explanation:
Discounted payback period aims to find out how long it will take for a project to repay its investment given its discounted cashflows.
Year 1 = 7,200 / ( 1 + 0.16)
= $6,206.8965
= $6,206.90
Year 2 = 8,900 / ( 1 + 0.16) ²
= $6,614.149
= 6,614.15
Year 3 = 7,500 / ( 1 + 0.16)³
= $4,804.93
Year 1 + Year 2 + Year 3
= 6,206.90 + 6,614.15 + 4,804.93
= $17,625.98
It failed to pay back the $17,700
Answer: Identify the alternatives.
Explanation:
Elvin is taking the third decision making step which is to identify alternatives. The first alternative in this case is improving the packaging of his products, while the second is offering price discounts.
Decision making involves all the steps required in knowing that a decision ought to be taken, getting the needed information that would inform that decision, and also analyzing alternate steps that could be taken .
Identifying the alternatives involves finding out the various solutions at ones disposal. Elvin identified two alternatives in this instance.
Answer:
C.) $490,000
Explanation:
The Cost of goods manufactured of $680,000 <u>plus</u> the Finished Goods beginning would give us the Cost of goods available for sale. Since there is no <em>Finished Goods beginning (0)</em>, The Cost of goods available for sale will then automatically be $680,000.
Then <u>deduct</u> the Finished Goods ending of $190,000. The result would give us $490,000 which is the Cost of Goods Sold.
<em>(680,000 - 190,000 = 490,000)</em>
