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2 years ago

_____ refer to all of the opportunity costs of using resources that belong to the firm.

Business

1 answer:

never [62]2 years ago

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Answer: Implicit costs

Explanation: Implicit costs is a form of opportunity costs that is based on resources that is already owned by the firm. They are implicit because the firm already owns them. They form part of opportunity costs because the firm needs to decide how to use them, thus losing out on other ways the firm could have used these resources. It is thus based on internal resources already owned instead of still needing to choose between alternatives to spend on resources externally.

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What are the different elements of working capital and explain actions that Management of a business entity might take to reduce

faltersainse [42]

The different elements of working capital are current current asset and current liabilities. The management of a business entity might take ratio analysis to reduce the cycle.

Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.

<h3>What is working capital management?</h3>

Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.

Therefore, learn more about working capital management: brainly.com/question/28287025

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11 months ago

Obama Company sells its product for $25 per unit. During 2012, it produced 20,000 units and sold 15,000 units (there was no begi

horrorfan [7]

Answer:

Unitary cost= $12

Explanation:

Giving the following information:

direct materials $5

direct labor $4

variable overhead $3

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate the product unitary cost.

Unitary cost= 5 + 4 + 3= $12

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3 years ago

What is FAFSA? Who is eligible?

marishachu [46]

The Free Application for Federal Student Aid (FAFSA) is used to calculate the Expected Family Contribution (EFC), a somewhat harsh measure of the family's ability to pay for college. The EFC is the sum of a student contribution and a parent contribution.

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2 years ago

If your company does not have a manual that describes all the major product warranties, you should:

bagirrra123 [75]

Answer:

C. Decide on a general, neutral comment you can make if customers ask you about a warranty

Explanation:

The comment might be that each product contain the warranty within the box.

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3 years ago

When iTunes sells a song or movie, it must record the transaction in accounts. Which accounts might iTunes use when it sells a s

Kay [80]

Since the actual process of the transaction is instantaneous, and its takes the money directly out of your account, the account they're dealing with is most likely Revenue.

Accounts Receivable is also another option that may come to mind, but remember that in this account, the seller is waiting for payment. Once the responsible party pays the seller, A/R is credited (decreased) and Revenue is debited (increased).

With iTunes (as stated previously), the transaction happens right then and there. We pay cash and iTunes gives us the song/movie/album/etc. Therefore, the only logical answer would be Revenue. In this case, Sales Revenue since we're dealing with a type of retailer and not a service.

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2 years ago