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4 years ago

Implicit cost is a

Business

1 answer:

Alex4 years ago

3 0

Answer: (C) Cost that represents the value of resources used in production for which no monetary payment is made

Explanation:

The implicit cost is one of the type of economical cost which represent the resources values in the production.

In the implicit cost no monetary payment is made that is actual payment in the opportunity cost.

Implicit cost is also known as national cost and the implied cost. The implicit cost refers to the cost which is using in the form of asset rather than selling it and this term is also refers to the foregone income.

Therefore, Option (C) is correct.

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Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in uni

Ksivusya [100]

Answer:

A) 500,000 units

Explanation:

Calculation to determine what the number of units it would have to manufacture during the year would be:

Using this formula

Units produced= Finished goods Ending inventory+Units sold-Finished goods Beginning inventory

Let plug in the formula

Units produced = 60,000 + 510,000 − 70,000

Units produced = 500,000 units

Therefore the number of units it would have to manufacture during the year would be:500,000 units

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3 years ago

Polly Esther Dress Shops Inc. can open a new store that will do an annual sales volume of $837,900. It will turn over its assets

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Answer:

This question requires us to calculate net income and return on assets for the year.

Net income

As sales and profit margin on sales is given so net income can be calculated as follow.

Net income = sales * profit margin

Net income = 837,900 * 8% = $ 71,832

Return on investment

To calculate return on asset we first have to find total asset. Total assets can be calculated as follow.

Asset turnover ratio= Sales/ Asset

Asset = 837,900/1.9 = $ 441,000

Return on asset = 71,832/441,000 = 16.29%

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4 years ago

Innove Tech is a technological firm that wants to build a global service delivery system. It has consulted a larger firm, Ziff C

dimaraw [331]

Answer:

Explanation:

The correct word for the given statement is acquisition cost

So option (c) is correct option

Acquisition cost alludes to the in with no reservations cost to buy a benefit. These expenses incorporate delivery, deals charges, and customs expenses, just as the expenses of site planning, establishment, and testing.

When securing property, obtaining expenses can incorporate looking over, shutting charges, and taking care of liens.

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4 years ago

Fontana Manufacturing provided the following information for the month ended March 31: Sales Revenue $26,000 Beginning Finished

Vikentia [17]

Answer:

The correct answer is $23,600.

Explanation:

According to the scenario, the given data are as follows:

Beginning Finished goods = $8,000

Cost of Goods Manufactured = $15,600

So, we can calculate the cost of goods available for sale by using following formula: