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3 years ago

LO 2.2Which of the following are prime costs?

Business

1 answer:

sesenic [268]3 years ago

4 0

Answer:

OPTION D: Direct Labor and Direct Material

Explanation:

Prime cost of a product is defined as the direct costs of producing a product including direct material costs and direct labor costs. Any other manufacturing overheads, indirect expenses and indirect materials/labor cost are not included in the calculation of PRIME COSTS .

Prime Cost = Direct Material Cost + Direct Labor Cost

Therefore, OPTION D: direct Labor and direct materials is the correct definition of prime costs.

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Suppose you are committed to owning a $185,000 ferrari. if you believe your mutual fund can achieve an annual return of 10.5 per

Tresset [83]

Answer: I must invest <u>$68,163.04</u> today to buy a Ferrari 10 years from now.

We can interpret the data in the question as follows.

We need $185000 after 10 years, so this is the Future Value of an investment made today. We have to calculate the amount to be invested.

We need to use the Present Value formula in order to find the amount to be invested.

The formula is :

$\mathbf{PV = \frac{FV}{(1+r)^{n}}}$

Substituting the values we get,

$\mathbf{PV = \frac{185000}{(1+0.105)^{10}}}$

$\mathbf{PV = \frac{185000}{2.714080847}}$

$\mathbf{PV = 68163.03952}$

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3 years ago

Suppose that the market for computers is dominated by a single firm, like Dell, that is able to exert influence over prices and

Salsk061 [2.6K]

Answer:

many buyers and sellers

Explanation:

Based on the information provided within the question it can be said that this situation violates the perfect competition assumption of many buyers and sellers. This is a model that many buyers and sellers in a competitive market agree on a single market price, and that no individual has influence over the price. Therefore if a single company, like Dell in this scenario, is able to influence the price then it is violating this assumption.

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3 years ago

The chapter's "Continuity and Change" section mentions religious societies that advocated a return to strict and uncompromising

pogonyaev

Answer:

The Jesuits.

Explanation:

The Jesuits are a member of the Society of Jesus, a Roman Catholic order of priests founded by St. Ignatius Loyola, St. Francis Xavier, among others in 1534, to do missionary work. The order was opposed the Reformation. It has retained an important influence in Catholic thought and education, even though it has suffered periodic persecution.

The basic continuity in any human endeavor is found in the goals that it pursues, and in how we cope with the intentions of pursuing them. A society or a profession is recognizably one and the same throughout a long history because its pursuit of a goal is always the same. These goals may be looked at from two points of view, abstract values or as concrete embodiments of those values. The kind of change that we are experiencing today and the sort of adaptation that we are making seem to fall largely into the most profound kind of adaptation, both in the Church and in the Society of Jesus.

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3 years ago

A(n) ________ veto allows the governor to cross out budget lines in the legislature-approved budget, while signing the remainder

Cerrena [4.2K]

Line item veto, its the power to strike out individual items in the state budget

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3 years ago

Read 2 more answers

The 20% off sale is a better deal than the $200 rebate or $150 coupon for the $1,500 dining set. the porters budgeted $1,250 for

Sonbull [250]

Answer:

the answer is $ 300