Answer:
The correct answer to the following question is Extreme value stores .
Explanation:
Extreme value stores are those type of stores which are also know as merchandise discount store, which are easily found in the low income rural and urban areas. These type of stores are usually small discount stores, who have very limited merchandise assortments and they offer those products at a very low price. The given examples of Aldi, Lidl, Dollar general and Family Dollar are all examples of Extreme value stores.
That’s a busy day lol. The person slept from 2-9am slept for 7hours. The 3:30-4 slept for 30minutes.
Answer:
The total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,800
Explanation:
The computation of total general and administrative expense is shown below:
= Administrative salaries + Other cash administrative salaries + depreciation + Monthly interest on an outstanding bank loan
= $5,000 + $2,400 + $1,350 + $50
= $8,800
All cost is need to be recognized while computing the general and administrative expense because it is related to the expenses. Hence, it is included in the computation part
Hence, the total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,800
Answer:
LEWIS Co.
Flexible budget performance report
For month ended May 31
Flexible budget Actual results Variances Result
Sales $420,000 $435,000 $15,000 Fav
(1400*$300)
Variable expense $168,000 $172,000 $4,000 Unfav
(1400*$120)
Contr. margin $252,000 $263,000 $11,000 Fav
Fixed cost $125,000 $122,000 $3,000 Fav
Net Income $127,000 $141,000 $14,000 Fav
The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices which is in terms of entertainment, food, and shopping. Thus, statement B is correct.
<h3>What do you mean by opportunity cost?</h3>
In microeconomic theory, the opportunity cost of a particular activity alternative is the loss of price or advantage that could be incurred through engaging in that activity, relative to engaging in an alternative activity providing a better return in value or advantage.
The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices in terms of entertainment, food, and shopping. Thus, statement B is correct.
Learn more about Opportunity cost here:
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