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AnnyKZ [126]
3 years ago
6

The term "opportunity cost" is best defined as:

Business
1 answer:
Wittaler [7]3 years ago
8 0

Answer:

4. the benefit associated with a rejected alternative when making a choice.

Explanation:

Opportunity costs refer to the foregone benefit as a result of choosing one option over the another. It is the value of the missed best alternative. For example, with $100, one can either watch a movie or have a meal. If having a meal is chosen, the joy derived from watching the movie is the opportunity cost.

Opportunity cost is occasioned by the scarcity of resources, including time. Individuals and firms have to make economic choices every day. The sacrificed benefit in every decision is the opportunity cost.

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A cleaning company uses 10 lbs each of chemicals A, B and C for each house it cleans. After some quality complaints, the company
VashaNatasha [74]

Answer:

D) 25%

Explanation:

Productivity can be described as a measure of profitability of the work done by a company. For example a sales department may measure productivity by number of closed sales in a week.

In this instance the cleaning company will consider cost reduction an increase in productivity.

They were using 10 lbs each for house A, B, and C (30 lbs). An additional 10 lb is used increasing total chemicals used to 40 lb.

The increase in chemical usage is a drop in productivity for the company as they are spending more.

The percentage drop in productivity is a proportion of the additional quantity of chemical to total chemicals used.

Percentage drop in productivity= (10/40)*100= 25%

3 0
2 years ago
Beatty, Inc. acquires 100% of the voting stock of Gataux Company on January 1, 2012 for $500,000 cash. A contingent payment of $
stira [4]
It is $1,500. Because it is all good.
7 0
3 years ago
Read 2 more answers
If bonds were issued at a premium, then the contractual interest rate was greater was than the market interest rate. True False
7nadin3 [17]

Answer:

TRUE

Explanation:

5 0
2 years ago
A company has a process that results in 36000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
RoseWind [281]

Answer:

Sell now, the company will be better off by $25,200

Explanation:

The effect of the action of shown below:-

Profits if sold now = Product Pound A × Sold pound

= 36,000 pounds × $8

= $288,000

If processed further Profits

= (36,000 x $14) - $241,200

= $262,800

Selling product A now = Profits if sold now - Further Profits

= $288,000 - $262,800

= $25,200

6 0
2 years ago
Sanchez Company's output for the current period was assigned a $400,000 standard direct labor cost. The direct labor variances i
o-na [289]

Answer:

$406,000

Explanation:

Calculation to determine the actual total direct labor cost for the current period

Using this formula

Actual direct labor cost=Standard direct labor cost + unfavorable rate variance - favorable efficiency variance

Let plug in the formula

Actual direct labor cost=$400,000 + $10,000 - $4,000

Actual direct labor cost= $406,000

Therefore the actual total direct labor cost for the current period is $406,000

5 0
3 years ago
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