1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Harman [31]
3 years ago
7

Economic cost can best be defined as: (a) any contractual obligation that results in a flow of money expenditures from an enterp

rise to resource suppliers. (b) any contractual obligation to labor or material suppliers. (c) a payment that must be made to obtain and retain the services of a resource. (d) all costs exclusive of payments to fixed factors of production.
Business
1 answer:
Andreas93 [3]3 years ago
8 0

Answer:

(d) all costs exclusive of payments to fixed factors of production.

Explanation:

The cost involved in the first three options is considered by economists as accounting cost. Economic cost involves the accounting cost, but it is added to the opportunity cost, which is the remuneration that an economic agent fails to receive for practicing one economic activity and not another.

For example, a business owner has fixed production costs, but it should add to his opportunity cost to be working in that firm rather than another economic activity.

You might be interested in
The standards for product V28 call for 8.6 pounds of raw material that costs $19.00 per pound. Last month, 2,600 pounds of the r
aliina [53]

Answer:

A. $520 U

B.178 F

Explanation:

A.

Materials price variance = (AQ × AP) – (AQ × SP)

= $48,880 – (2,600 × $19)

=$48,880-$49,400

= $520 U

Therefore the material price variance for the month is $520U

B.

Materials quantity variance = SP(AQ – SQ*)=

$19 ($2,500 – $2,322) = $178F

Therefore the materials quantity variance for the month $178F

SQ = Standard quantity per unit × Actual output

= 8.6 × 270 = $2,322

7 0
3 years ago
Noah's Ark is a successful child care center. It focuses on actively developing, finding, and communicating new knowledge to its
kompoz [17]

Answer:

learning

Explanation:

Since in the given situation it is mentioned that the child care center focused on the developing, communicating the new knowledge in order to modify the behavior so here this means that it have the learning environment in the child care center so that everyone could aware of anything also they have dont any problem regarding it. Moreover it increased the skills also

Therefore as per the given situation, the above should be the answer

6 0
3 years ago
Southtown Realty has entered into agency agreements with Sara, a seller and Tom, a buyer. Tom wants to make an offer on Sara’s h
serious [3.7K]

Answer: Yes it's possible as long as Tom and Sara gives a written consent to the dual agency arrangement.

Explanation:

From the question, we are informed that Southtown Realty has entered into agency agreements with Sara, a seller and Tom, a buyer. Tom wants to make an offer on Sara’s home.

This is possible as long as Tom and Sara gives a written consent to the dual agency arrangement.

5 0
3 years ago
On February 1, 2014, Nelson Corporation purchased a parcel of land as a factory site for $280,000. An old building on the proper
seropon [69]

Answer:

Land = $295,000

Building = $1,375,000

Explanation:

The computation of cost of the land and new building is shown below:-

Land = Parcel of land + Demolition of old building + Legal fees for title investigation and purchase contract - Salvaged materials resulting from demolition were sold

= $280,000 + $20,000 + $5,000 - $10,000

= $305,000 - $10,000

= $295,000

Building = Architect's fees + Construction costs

= $35,000 + $1,340,000

= $1,375,000

We simply applied the above formulas

7 0
3 years ago
Join im boredddddddddddddddd
DIA [1.3K]

Explanation:

create a zoom, lol.......

6 0
3 years ago
Other questions:
  • The reasons why business use team dynamic theories to understand team performance
    13·1 answer
  • When the goal is vague, the leader needs to _____________ it. change clarify remove all of the above?
    5·1 answer
  • Which of the following statements is true of the methods for allocating joint costs? The sales value at splitoff method allocate
    10·1 answer
  • Banks make a profit by __________.
    14·2 answers
  • An accounting worker who processes routine details about accounting transactions
    8·1 answer
  • Hewlett-Packard founders David Packard and William Hewlett strived to create a close-knit organizational culture that gave a lot
    12·1 answer
  • To prevent the President from engaging in a long-term war without Congressional approval and oversight, Congress passed the ____
    11·1 answer
  • is considering permanently shiutting down a department that has an annual contribution margin of $25,000 and $75,000 in annual f
    9·1 answer
  • Kathleen is considering expanding her dress shop. if interest rates rise she is:
    9·1 answer
  • What are the two steps a producer can take to gain an absolute advantage? produce more goods. use high-quality resources. produc
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!