The concept of opportunity cost is a measure of ________

The management of Elextric Corp., a computer manufacturing company, wants the employees in the organization to contribute to the

ziro4ka [17]

Answer:

The management of Elextric Corp., a computer manufacturing company, wants the employees in the organization to contribute to the quality of the firm by making gradual, continuous improvements in their departments. Given this information, Elextric Corp. embraces an approach known as Six sigma

What is Six sigma? 

Six sigma refers to a level quality that is near perfection. It strives for a detect level that is no more than 3.4 parts per million. As a methodology, Six sigma refers to DMAIC or D M A I C a methodology for improvement named after its five phases of define, measure, analyze, improve, and control.

3 0

2 years ago

On January 1, Year 1, Ballard company purchased a machine for $28,000. On January 1, Year 2, the company spent $7,000 to improve

timofeeve [1]

Answer:

$23,520

Explanation:

The computation of book value of the machine is shown below:-

Machine cost $28,000

Less: Depreciation $4,200

($28,000 - $2,800) ÷ 6

Book Value at beginning

of Year 2 $23,800

Add: Improvements $7,000

Total $54,600

Less: Accumulated

Depreciation for 3 years $31,080

($54,600 - $2,800) × 3 ÷ 5 years

Book Value Dec 31, Year 4 $23,520

3 0

3 years ago

Radar Company sells bikes for $490 each. The company currently sells 4,300 bikes per year and could make as many as 4,620 bikes

Karo-lina-s [1.5K]

Answer:

Radar's additional income for accepting the order is calculated as follows:

Sales - 320 x $460 = $147,200

less Cost of Sales = 320 x $180 + $48,000 = $105,600

Additional Income = $41,600

Explanation:

The additional income of $41,600 is $147,200 - $105,600, which is the result of deducting cost of sales from Sales.

The cost of sales includes the variable cost per bike, including the incremental fixed costs ($48,000) to make this order.

To make a decision whether to accept an order or not, the company needs to consider all variable costs, including the incremental fixed costs. The resulting additional income is what is available to offset the fixed costs.

8 0

3 years ago

To determine the net cash provided (used) by operating activities, it is necessary to analyze Group of answer choices the curren

Svet_ta [14]

Answer:

All of these.

Explanation:

All of these are the correct answer because to determine the net cash from the operating activities, there is a requirement of the current year's income statement, additional information such as depreciation and amortization and a comparative balance sheet. In order to get cash from operating activities, the changes and non-cash capital, other non-cash adjustments, depreciation is added to the net income.

8 0

3 years ago

Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant,

Naddika [18.5K]

Answer:

$380

Explanation:

Ziva's total cost of farming is composed of two different costs: explicit and implicit costs.

Explicit cost is an out-of-pocket cost that a person incurs to carry out a particular business activity. It is sort of, a business-related expense for which the business pays. In Ziva's case, it is $130, the cost of the seeds

Implicit costs are opportunity costs. An opportunity cost refers the benefits an individual, investor or business misses out on when opting for one alternative in preference of another. In our case, it amounts to $250($25*10 hours)

Thus, Ziva's cost of farming

= $130 +( $25*10) = $130 +$250 = $380

5 0

3 years ago

The concept of opportunity cost is a measure of​ _________.

The concept of opportunity cost is a measure of _________.