Answer:
The answer would be D) The market clearing price is where quantity demanded is equal to quantity supplied.
Explanation:
Answer:
A. Opportunity Cost
Explanation:
Choice affecting an economic system, market can be studied by : Macro Economics which studies Economy as 'a whole'.
On contrary, Microeconomics studies individual units of economy & marginal analysis is a tool used frequently in it. And ,Normative Economics reflects subjective non verifiable statements about how economy 'should be'.
So , all of three are not apt to analyse the above statement.
However, Opportunity Cost reflects cost of next best alternative sacrifised while making an economic choice. So ,it is useful to analyse 'choice' affecting an economic system, market. Eg :Opportunity cost is an important tool used in determining comparative advantage of a country in producing a good based on its opportunity cost (other good sacrifised to produce it).
It is
referred to as material benefits. Material benefits can be given as monetary benefits;
it could also be in form of special goods or services. It is given to the
members of the group to convince others to join. Other types of benefits are
solidary benefits, purposive benefits, and informational benefits.
Answer:
The Journal entries are as follows:
(i) On December 31,
No entry
(ii) On December 31,
Amortization expense A/c Dr. $16,000
To Patents A/c $16,000
(To record the amortization expenses)
Workings:
Amortization expense:
= (Purchasing cost of patent ÷ Estimated useful life) × Time period
= ($144,000 ÷ 6) × (8/12)
= $24,000 × (8/12)
= $16,000
Answer and Explanation:
Stockouts logistics cost factor-
Safeway,
Kmart
Transportation logistics cost factor-
Hyundai,
Ford
Inventory logistics cost factor-
Toyota,
Frito Lay
Return goods handling logistics cost factor-
Phillips,
Costco
Warehousing and materials handling logistics cost factor -
Coca Cola,
Walgreens
Order processing logistics cost factor-
SC Johnson,
Chrysler
logistics cost factors are cost factors associated with logistics ( concerned with acquisition, storage and transportation ofresources) based on the kind of business or kind of products or services a company is into. From the above we see that logistics cost factors vary as the companies are into different products or services and industries and therefore face different logistics costs associated with their production and or delivery. Every company aims to achieve logistics efficiency through minimizing costs associated with their logistics costs factors example Hyundai with transportation logistics cost factors would aim to reduce it's logistics cost factors and maximise profits by its locating it's manufacturing plant close to where it imports parts for it's vehicle manufacturing so as to reduce cost of transporting vehicle parts to manufacturing plant
