Answer:
HMO Vaccination Program
With the given probability of a flu outbreak at 65 percent and the cost of the vaccination program at $8 million, my decision under these new conditions is:
To go ahead with the vaccination program in order to protect the health of the people since the assessed chance of a flu outbreak is high at 65%.
Explanation:
However, for any vaccination program to be effective, the whole population must be targeted and achieving 100% coverage must be assured. In the past, many such programs have failed because of ineffective coverage of the population. While vaccination is important, prevention of the root cause of such flu outbreaks remains paramount as it is also the least costly measure.
Answer:
The total explicit cost and total implicit costs is $37,000 and $40,250 respectively.
Explanation:
Explicit cost : The explicit cost is that cost which is paid for day to day activities. Like : salaries expense, wages expense, rent, telephone expense, etc.
Implicit cost : The implicit cost is that cost which is related to the firm's growth. or it can be opportunity cost also.
So,
Total Explicit cost = Rent expense + Office supplies + Office staff + Telephone expense
= $12,000 + $1,000 + $ 20,000 + $ 4,000
= $37,000
And Total Implicit cost = Starting Salary + Savings
= $40,000 + $5,000 × 5%
= $40,250
Hence, the total explicit cost and total implicit costs is $37,000 and $40,250 respectively.
Answer:Vacancy and collections loss allowance = $1620
Explanation:
10 two bedroom apartments = $900 per month
15 three bedroom apartments = $1200 per month
total rental revenue = 10 x $900 + 15 x $1200 = $27000
Vacancy and collections loss allowance = $27000 x 6/100 = $1620
Answer:
$5,000
Explanation:
Given that,
Direct material cost = $2,000
Direct labor cost = $3,000
Prime cost is the sum total of direct material and direct labor cost.
Prime cost:
= Direct material cost + Direct labor cost
= $2,000 + $3,000
= $5,000
Therefore, the prime cost is $5,000.
Note:
Table is missing from the question so I have attached the table.
