Answer:
The answer is Fixed cost.
Fixed cost remains constant for a given period and does other change with the eh level of production. However, the per unit fixed cost decreases when the Level of production increases and vice versa.
Also, fixed cost is difficult to.control and manage relatively to the variable.costs.
Explanation:
Answer: $4
Explanation: Implicit cost or sometimes referred to as the opportunity coast is the part of economic cost of a project. It can be defined as the loss of profit someone faces when choosing one alternative over other.
So implicit cost of Walter is $4 ($8 * 1/2HOUR), that is, the amount he could have earned if he were not building a birdhouse.
Answer:
the answer of this question is d.)donation crowdfunding
Answer:
Gain sharing
Explanation:
Gain sharing pay plan is a system of management gives higher share of financial gain to employees that have higher performance.
The aim of this strategy is to seek improved performance through more involvement and participation of its people.
So in this scenario a person improves productivity by developing a new work process and receives a portion of the productivity savings as a monetary reward.
This is a gain sharing pay plan
Answer:
B. $214,000
Explanation:
The insurance premium paid for a 3 year period should not have been expensed out rightly but recognized as expense through periodic amortization spread over the entire period.
As such, the amount that should have been expensed in 2011 for insurance premium is
= 1/3 × $30,000
= $10,000
Recognizing an expense of $10,000 rather than $30,000 would have resulted in an increase in the tax expense by
= 70% × ($30,000 - $10,000)
= $14,000
As such, the retained earnings would have been
= $200,000 + $14,000
= $214,000
The overstatement of an expense would have resulted in an understatement of net income and thus and understatement of the retained earnings.
