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3 years ago

An example of an explecit cost of production would be

Business

2 answers:

vfiekz [6]3 years ago

8 0

Answer:

The cost of renting capital equipment like machinery for a business or the salaries paid to workers.

Explanation:

An explicit cost is an expense that is actually incurred by the business, meaning cash outflow. These costs are incurred to ensure that the business continues operating and the cash outflow reduces the cash balances of the business. Examples of such costs are like rental expenses and salary expenses. An implicit cost is the best alternative use of cash by the business that is not taken. An example would be: a business uses its cash to buy inventory instead of investing in fixed income securities. In this case, the implicit cost of using its cash resources is the foregone interest income that could have been earned from the interest bearing securities.

Pavel [41]3 years ago

3 0

An example would be
The Cost of flour for a baker

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In a pull manufacturing system, ______. Group of answer choices Production is based on government regulations Production is base

AysviL [449]

Answer:

actual customer demand

Explanation:

Pull production systems can be regarded as system whereby the product is been manufactured as a result of response to a specific demand. pull system can be regarded as lean manufacturing strategy , this strategy helps in reduction of waste in the production process. The components that is been used in manufacturing process are been only replaced only when consumed , so in this case, enough products are been made by companies only to meet customer demand. It should be noted that In a pull manufacturing system, Production is based on actual customer demand

7 0

3 years ago

Based on the problems you have seen so far at gearon, what type of crm applications will be most helpful to the company?

zmey [24]

The most helpful application would be Relationship Management and Customer<span> Support Applications
The problem that experienced by Geareon is not acquiring a new customer, but rather involves in something around s</span><span>upporting and retaining current customers.
In order to solve this, Gearon need to implement better ways that allow the customers to feel connected with the company.</span>

6 0

3 years ago

Read 2 more answers

Suppose Americans buy inputs from foreigners. When the price of foreign inputs falls, the U.S. SRAS curve __________, which tend

Mademuasel [1]

When the price of foreign inputs falls, the U.S. SRAS curve option (b)i.e, shifts rightward; which tends to reduce the U.S. price level.

<h3>What is the SRAS curve?</h3>

We can understand how each firm in an economy reacts to price stickiness using the short-run aggregate supply curve (SRAS). The SRAS curve will have an upward slope when prices are stable. According to the SRAS curve, more output results from higher price levels.

The cost of labor, or wages, and the price of imported commodities that we use as inputs for other products are two other significant variables that may cause the SRAS curve to change in addition to energy prices.

A higher level of productivity causes the SRAS curve to move to the right because businesses can produce more output at all price points.

To know more about SRAS curve refer to: brainly.com/question/16909327

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7 0

2 years ago

The cost of a high-quality 250-horsepower compressor was $13,500 when recently purchased. What would a 608-horsepower compressor

frez [133]

Answer:

Cost of 608 hp compressor = $32,832

Explanation:

Given:

Cost of 250 hp compressor = $13,500

Find:

Cost of 608 hp compressor

Computation:

Cost of 608 hp compressor = Cost of 250 hp compressor x [608 / 250]

Cost of 608 hp compressor = $13,500 x [608 / 250]

Cost of 608 hp compressor = $32,832

4 0

2 years ago

Messing Company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon de

olasank [31]

Answer:

Thee jounal entry for January 1 of Messing Company is done below.

Explanation:

3.5% * 4000 = 140

Date Account Titles Dr Cr

Jan 1 Cash $3,860

Credit Card Expense 140

Sales Revenue 4,000

4 0

3 years ago