A Joint Venture is a strategic alliance in which two existing companies collaborate to form a third, independent company.
To improve accountability for banks To protect consumer from abusive financial practices. To end bailouts
Answer:
$11,200
Explanation:
The computation of the amount of the total amount of fixed manufacturing cost incurred is shown below:
= Number of units produced and sold × Fixed manufacturing overhead per unit
= 4,000 units × $2.80
= $11,200
By applying the Number of units produced and sold with the Fixed manufacturing overhead per unit we can find out the fixed manufacturing overhead cost
Answer:
0.56
Explanation:
Opportunity cost refers to the alternative forgone from a list of preference. It is a concept in economics developed as a result of the scarce resources available to satisfy unlimited wants.
Since the family can afford either 80 cans of beans or 45 frozen dinners.
it means that for every 1 can of beans purchased, 45/80 frozen dinner will be let go or not be purchased. Also, for unit of frozen dinners purchased, the family sacrifices the purchase of 80/45 cans of beans.
Hence the opportunity cost of a can of beans in terms of frozen dinners in the time frame
= 45/80 frozen dinner
= 0.5625
to 2 decimal place = 0.56
