Answer:
$12,280,000.
Explanation:
All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.
Direct Material = $4,200,000
Direct labor = $8,080,000
Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000
Overhead costs are not classified as the prime cost because these are indirect costs.
Answer:
(C). Firms engaged in barter run the risk of having to accept goods they do not want or cannot use.
Explanation:
Countertrade is a trade system in which goods and services are exchanged for other goods and services.
Barter is a type of countertrade where money isn't involved. Only goods and services are exchanged between participating parties.
<em>A disadvantage of barter is that, in the absence of required goods, a firm may have to accept the goods the other firm is offering even though it doesn't need or cannot use those goods at that point in time. </em>The firm could resell the goods later.
The correct answer is D) a narrow perspective.
Kenneth, the plant manager, was talking with another manager about Brendan, the lead engineer in the corporate R & D department. Kenneth remarked, "Brendan is so bright, and he is an expert in designing products. But like so many experts, he can’t imagine what it’s like to be as ignorant as the rest of us. I think at times, he cannot see things from an outsider’s perspective."
Brendan is suffering from a narrow perspective.
The narrow perspective means that an individual is so focused on their own things, that forgets the general picture of things and that the fact that other people can have a different view and opinion about a certain topic. That is why Kenneth, the plan manager, thinks about Brendan. So brilliant but he is not considered enough of the other people's limitations on the subject or other peoplés perspectives.
When students who school abroad find out goods which are not in their home countries in their host country, then they would:
- develop start up financing to become importers of that product.
- work with native producers to import the products to their home countries.
<h3>What is Import?</h3>
This refers to the quantity of goods which come into a country from another country mainly because the other country can produce the goods or the goods are cheaper to import.
With this in mind, we can see that if students who attend colleges abroad notice opportunities to import the goods from where they are to their home countries and they would have to develop some start up capital or finance.
Read more about imports here:
brainly.com/question/14274727
