Some potential economic consequences that Richard did not consider before making his decision are:
- The cost of maintenance for used trucks.
- The cost of gasoline from the town to the nearest city.
- The location of the places that goods will be transported to and from.
<h3>What are economic considerations?</h3>
These are the factors that will affect the profitability and viability of a business.
In Richard's case, he needed to have considered various costs such as the higher cost of maintaining used trucks and the cost of gasoline that he will incur for living so far from big cities.
He also needs to consider the distance his trucks will have to travel to pick up good and deliver them.
Find out more on economic considerations at brainly.com/question/13721949.
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Answer: increase
Explanation:
The supply curves slope upward due to the fact that there's a direct relationship between the price of the good and the quantity that's supplied.
This means that when price increase let's say the price of a good moves from $5 to $7, the suppliers will supply more due to the price increase.
Answer:
22.92%
Explanation:
For computing the realized total rate of return, first we have to determine the total share price which is shown below:
Total share price = Sale price of share + dividend end of 2013 + dividend end of 2014 + dividend end of 2015
= $20 + $2.5 + $4 + $3
= $29.50
And, the purchase price is $24
So, the return would be
= Total share price - purchase price
= $29.50 - $24
= $5.50
Now the realized total rate of return would be
= Return ÷ Purchase price
= $5.50 ÷ $24
= 22.92%
This is the answer but the same is not provided in the given options
Answer:
Journal 1
Direct Materials $49750 (Debit), Indirect Materials $3700,(Debit) Direct labor $ 51000 (Debit), Indirect labor $ 2500 ( Debit), Manufacturing Overhead Account $106960 (Credit)
Journal 2
Manufacturing Overhead Account $106960 (Debit), Accounts Payable $106960
Explanation:
Journal 1
Materials and Labor (both direct and indirect) resource acquired shows an accumulation of resources needed for manufacturing process.
Therefore these resources are being recorded in their respective accounts and transferred to manufacturing overhead account.
Journal 2
Both materials and Labor acquired for manufacturing process are still owing.The journal represent a present obligations in settlement of the Manufacturing overhead (Both for Materials and Labor)
