It should be noted that cost-benefit analysis is the way to compare the costs and benefits of a project expressed in monetary units.
<h3>
What Is a Cost-Benefit Analysis?</h3>
A cost-benefit analysis is the systematic process which businesses use on order to analyze which decisions to make and the ones that will be forgo. The cost-benefit analyst simply sums the potential rewards that are expected from a situation and then subtracts the total costs that are associated with taking that action.
The major steps in a cost-benefit analysis
- Specify the set of options.
- Decide whose costs and benefits count.
- Identify the impacts and select measurement indicators.
- Predict the impacts over the life of the proposed regulation.
- Monetize and place dollar values on impacts.
Before the class goes on a field trip to Walt Disney World in Orlando, it's important to conduct a cost-benefit analysis that will be used to evaluate all the potential costs and the revenues which the class might generate from the project.
Then, the outcome that is gotten from the analysis will determine whether the project will be financially feasible or whether the company can pursue another project.
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Answer:
occurs when the goal is challenging but not impossible.
Explanation:
A goal can be defined as the desire to meet specific targets over a period of time.
Generally, there are different types of goals and these includes;
1. Short-term goal: this type of goal are usually actualized (achieved) in a week, months or within a year.
2. Intrapersonal goal: a goal that is personal and fixed. This type of goal is peculiar to an individual and might include an action plan or desire to stop a behavior, start a task, improve on an aspect of your life, etc.
3. Normative goal: it's dependent on the achievement of others. It is typically based on an evaluative standard.
4. Long-term goal: it's to be achieved in the distant future. This type of goal are usually in a long period of time such as five (years) and more.
The optimal level of difficulty of a goal occurs when the goal is challenging but not impossible.
Answer:
$6.7 per direct labor hour
Explanation:
Given:
Direct labor-hours = 20,000
Fixed manufacturing overhead cost = $94,000
variable manufacturing overhead = $2.00 per direct labor-hour
Actual manufacturing overhead cost for the year = $123,900
Actual total direct labor = 21,000 hours
Now,
Total Estimated Manufacturing Overhead
= 94000 + ( 2 × 20000 )
= $134,000
And,
Predetremined Overhead Rate = 
or
Predetremined Overhead Rate = 
or
Predetremined Overhead Rate = $6.7 per direct labor hour
Answer: correct evaluation and medium of exchange etc.
Explanation: The main problem with the barter system is that it would be hard to value the goods or services that the parties are exchanging. In the given case, it would be hard to value how many car washes would be equal to a paint of house.
Also finding someone who is willing to paint house in exchange of car washes is another difficult task.
The expected return for stock A and B is 8.55% and 15.11% respectively.
<h3>What is the Expected return?</h3>
= (Probability of Recession × Return during recession) + (Probability of normal × Return during normal) + (Probability of boom × Return during boom)
Expected return for stock A:
= (0.20 * .05) + (0.57 * 0.08) + (0.23 * 0.13)
= 0.0855
= 8.55%
Expected return for stock B:
= (0.20 * 0.20) + (0.57 * 0.09) + (0.23 * 0.26)
= 0.1511
= 15.11%
Therefore, the expected return for stock A and B is 8.55% and 15.11% respectively.
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