Answer:
The employees in Mexico can either produce 2 cars or 50 bushels of wheat.
This means that the opportunity cost of producing 50 bushels of wheat is 2 cars.
For 1 bushel of wheat therefore;
= 2/50
= 0.04 cars
Opportunity cost of producing a car in Mexico will be;
= 50/2
= 25 bushels of wheat.
The opportunity cost of producing a car in Mexico is 25 bushels of wheat, and the opportunity cost of producing a bushel of wheat in Mexico is 0.04 cars.
Answer:
Debit : Rent Expense $1,660
Credit : Prepaid Rent $1,660
Explanation:
The January 31 adjusting entry for rent expense would include a Debit to Rent Expense and Credit to Prepaid Rent - Asset Account at an amount of $1,660.
Calculation :
Rent Expense = 1/12 x $19,920 = $1,660
The receiver's understanding depends on how the message was interpreted by the receiver.
Answer:
The company will produce the requested 150 units of A for a gain of 300 dollars
and then use his resourses to produce B yielding a gain of 90 dollars
total of 390 profit
Explanation:
The company will produce at least 150 units of product A therefore:
lbs used: 150 x 3 = 450
minutes of labor used 150 x 8 = 1,200
leaving available:
1,200 - 450 = 750 lbs
1,500 - 1,200 = 300 mins
As time is the most scarce resource we allocate base on thecontribution per minute:
product A $2 of profit for 8 minutes: 0.25 dollars per minute
product B $1.5 of profit for 5 minutes: 0.30 dollars per minute
As product B is more profitable considering labor time we use the entire amount left to produce product B
300 min / 5 minutes = 60 units of b
Listed on the statement are an EFT rent collection of $440, a service charge of $7, NSF checks totaling $50, and a $23 charge for printed checks.
<h3>What is
statement?</h3>
Frequently used in the field of project management is a statement of work (SOW). The work demand for a project is described in narrative form. For a vendor offering services to the client, it specifies project-specific tasks, products, and deadlines. Standard regulatory and governance terms and conditions, together with specific criteria and price, are usually included in the SOW. A master service agreement or request for proposals frequently have it as an essential annex (RFP).
For the hardware or software solutions outlined in the request for proposals, numerous statement of work document template formats and styles have been developed. Many businesses develop their own specialized or generalist SOWs that are specifically tailored to meet the requests and proposals they typically receive.
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