<span>The principle of opportunity cost is that the economic cost of using a factor of production is the alternative use of that factor that is given up.
</span> This principle is used as a measure to choose one economic choice and investment, either financial or capital, over another with the goal to <span>ensure that scarce resources are used efficiently.</span>
Answer:
$7.50
Explanation:
Earnings per share = Earning attributable to holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding
therefore,
Earnings per share = ($160,000 - $10,000) ÷ 20,000
= $7.50
thus,
The company's earnings per share on common stock is: $7.50
Based on the details given, the following are true:
- 1. Incremental manufacturing cost = $14.60
- 2. Incremental cost = $17.50
<h3>Incremental manufacturing cost if production increased from 20,250 to 20,251</h3>
The fixed cost will not change as the production amount is still below 24,500 units. Incremental manufacturing cost will therefore be:
= Direct material + Direct labor + Variable overhead
= 7.70 + 4.70 + 2.20
= $14.60
<h3>Incremental cost for increased from 20,250 to 20,251</h3>
This will include all costs that are not fixed.
= Incremental manufacturing cost + Sales commissions + Variable admin expense
= 14.60 + 1.70 + 1.20
= $17.50
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Answer:
e. has all of these characteristics.
Explanation:
A generic market has the characteristic of fulfilling similar needs in number of manners for the customers.
In this manner the ultimate goal of different customers, which is same is achieved by this market.
As for example in the season of winters, the ultimate goal is to feel warm,
For this, some producers or sellers offer, hot cup of coffee, or soup, and some might offer air warmers for the house, some might offer to buy jackets!
Ultimately there are different customers with common goal, but different needs, and different suppliers fulfilling common needs.
Thus, all of the above statements are true about generic market.
Answer:
Release
Explanation:
A release is defined as a legal document that is drafted by the released, and terminates any legal legal liability that exists between release and the released.
The release is required to sign the document to make it binding.
Releases are compromise between the plaintiff and defendant that aims to terminate litigation.
In this scenario Francisca collides with Wyatt's car. Francisca writes Wyatt a letter offering to pay Wyatt $10,000. This is a release and if it is signed by Wyatt, releases Francisca of financial obligations.
