Answer:
<h2>The answer in this instance, would be option a. or $365.</h2>
Explanation:
- In this case, the original price of the baseball game ticket is $170 as paid by Max to buy the ticket and someone offered $365 to sell his ticket to that person.
- Note that Max is basically giving up or sacrificing the opportunity of earning $365 as he decides to attend the game and not sell his ticket.
- Therefore,in this case, the opportunity cost of attending the game by personally purchasing the ticket to Max would be $365 as he is foregoing the opportunity to earn additional $365 by refusing to sell his ticket and go to the game instead.
Answer:
$ 701,000
Explanation:
Balance At December 31, 2019 = $878,000
$168,000 will be deducted since these are not due to be received until January 2nd as well as $9,000 will also be deducted
$878,000 - $168,000 - $9,000 = $ 701,000
Answer:
sets the price and determines the quantity it sells in the marketplace.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
In perfect competition, an individual firm sets the price and determines the quantity it sells in the marketplace.
Part 1.1 - Variable overhead cost incurred to fill the order for the 120,000 items is $7,800.
Part 1.2 - Difference between standard and actual variable overhead cost is $440.
Part 3
- Difference between standard and actual variable overhead cost is $440.
<u>Explanation:</u>
It is given that the number of order is 120,000 items and calculated standard variable overhead cost per order for one item is $0.065. Variable overhead cost incurred to fill the order for the 120,000 items can be calculated by multiplying the number of order of the items with the calculated standard variable overhead cost per order for one item. Hence, the variable overhead cost incurred to fill the order for the 120,000 items is $7,800.
It is given that the actual variable overhead cost is $7,360 and calculated standard variable overhead cost is $7,800. Difference in standard and actual variable overhead cost can be calculated by deducting the actual variable overhead cost from the standard variable overhead cost. Hence, the difference between standard and actual variable overhead cost is $440.
Calculated variable overhead rate variance is $115 favorable and the variable overhead efficiency variance is $325 favorable. Difference between standard and actual variable overhead cost is the total of variable overhead rate variance and variable overhead efficiency variance. Hence, the difference between standard and actual variable overhead cost is $440.
Answer:
The millions of workers leaving the job market for the reasons given are:
- B) not counted as unemployed in the BLS data because they are no longer actively looking for work.
Even if they don't find a job right away, people entering the job market after graduating from high school or college will
- A) be counted as part of the labor force by the BLS if they are actively looking for work.
Explanation:
The unemployment rate includes everyone that doesn't have a job but has actively looked for one during the last 4 weeks (generally a month because the unemployment rate is given on a monthly basis), and are currently available and willing to work.
