Answer:
The answer is: YES
Explanation:
Hot Products is the legitimate owner of the patent for the manufacturing and commercialization of that fan motor. If Allied Electric wants to produce and use that specific fan motor they must come to a manufacturing licence agreement with Hot Products even thought the fan motor is used differently (one in ceiling fans and the other in air conditioners).
Answer:
I prepared an amortization schedule using excel. You will need to make 48 monthly payments of $371.24
Answer:
Explanation:
In this question, we apply the lower of cost or market (LCM) rule which is shown below:
For Product 1
The Cost is $20
And, the market value = Selling price - selling cost - normal profit margin
= $40 - $6 - $5
= $29
So, the lower value would be $20
For Product 2
The Cost is $90
And, the market value = Selling price - selling cost
= $120 - $40
= $80
So, the lower value would be $80
For Product 3
The Cost is $50
And, the market value = Selling price - selling cost - normal profit margin
= $70 - $10 - $12
= $48
So, the lower value would be $48
In the product 2, the replacement cost is 85 and the market value without considering the normal profit margin is $80 which is less than the replacement cost that's why we do not take the normal profit margin
The answer is NOT 21, it's 19.
9+10=19
Answer:
Juanita should purchase the skirt at the store across town because the total economic cost will be lowest.
Explanation:
three options:
- local store 15 minutes away and a price of $103
- across town 30 minutes away and a price of $89
- neighboring city 1 hour away and a price of $63
Juanita makes $16 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:
total economic cost:
- local store = $103 + [1/4 hours x 2 (round trip) x $16] = $111
- across town = $89 + [1/2 hours x 2 (round trip) x $16] = $105
- neighboring city = $63 + [1 hour x 2 (round trip) x $16] = $95
Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($105)
Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.
