In the United States, the U.S. dollar determines the value of money. There are three ways to measure the value of the dollar. The first is how much the dollar will buy in foreign currencies. The exchange rate<span> measures that value. </span>Forex traders<span> on the foreign exchange market determine that value. They take into account current supply and demand, as well as their expectations for the future.</span>
Answer:
$232,760
Explanation:
you must first determine the market value of your house = appraisal value - sales expenses = $253,000 - $20,240 = $232,760
the market value of the house is your opportunity cost of using the house as an office.
opportunity costs are the extra costs or benefits lost resulting from choosing one investment or activity over another alternative.
Answer:
Answer is option b i.e. large lot sizes to save on setup costs and to gain quantity discounts.
Explanation:
The just-in-time partnership is a Japanese management strategy that increases efficiency by minimizing the inventory to manufacture products with zero defects. Toyota was the first to use this strategy to increase the quality of the manufactured product by reducing wastes and increasing productivity. This strategy does not include large lot sizes to save on setup costs but rather focuses on buying only the required amount of inventory which is required for the production. Hence, the answer is option b.
Answer:
<em>Gross Profit= Sales - Cost of Goods Sold</em>
Cost of Goods sold of 1 unit = $ 450,000/50,000
= $ 9
Cost of Goods Sold of 45,000 units = 45,000 * $ 9
= $ 405,000
<em>Gross Profit of 45,000 units = Sales revenue of 45,000 units - Cost of Goods sold of 45,000 units</em>
= 45,000 * $ 15 (Per Unit rate) - $ 405,000
= $ 675,000 - $ 405,000
= <em>$ 270,000 i.e. option b</em>
Explanation:
Refer to the answer.
