Answer:
B
Explanation:
We have to consider the opportunity cost of both parties
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If Ana chooses to shear, she would be forgoing an income $120
If Shen chooses to shear for 6 hours, she would be forgoing an income ($15 x 6) = 90
Shen has a lower opportunity cost and should shear
<span>The answer is c. $112,000. The quickest way to arrive at this answer is to notice that 12,000 is a 20% increase over 10,000. Fixed costs remain the same, so the flexible budge for 12,000 units is (96,000 - 16,000)*.2 +96,000 = 112,000.
A better way, or at least more generalizable, way to approach the problem is to calculate and sum the per unit cost for each variable factor, multiply that by the number of units, and then add the fixed costs. So:
[(material/unit + labor/unit + variable overhead/unit) x units] + fixed overhead = cost</span>
It's either c or d I think. My guess is d. Sorry if im wrong.
Answer:
Option 1 is correct.
Explanation:
Law of supply indicates that there is a positive relationship between the price of a commodity and the quantity supplied of that commodity. This means that an increase in the price of a commodity then as a result there is an increase in the quantity supplied of that commodity because it will become more profitable for the producers to produce more and supply more.
Answer:
C. 2 and 3
Explanation:
Note: Options to the question are as follows "A. 1 and 3
, B. 1 and 4, C. 2 and 3, D. 2 and 4.
FV = PV(1 + r)^t
Future value of a dollar is the value of a dollar if it earns a certain interest fro a specified time. Future value increases with an increase in interest rates and time. Conversely, it decreases with a decrease in interest rates and time.
Thus, Option c is correct.