Answer:
It is more convenient to keep his old job.
Explanation:
Giving the following information:
Ben currently works in a large company where he makes $100,000 per year.
He is considering starting his own business:
Income= $175,000 per year.
office space= $57,000.
assistant= $33,000 per year.
Economic profit includes the opportunity cost.
Income= 175,000
Office space= (57,000)
Assistant= (33,000)
Opportunity cost= (100,000)
Economic profit= -$15,000
It is more convenient to keep his old job.
Answer:
A. 10.2 days.
Explanation:
Production rate(p) = 100 per day
Demand rate(d) = 20 per day
Annual demand(D) = 5000 units
Set up cost(S) = $40
Monthly Holding cost = $1 . So annual holding cost (H) = $1*12 = $12 per unit
Optimum run size(Q) = √{2DS / H [1-(d/p)]}
= √{(2*5000*40) / 12*[1 - (20/100)]}
= √[400000/12*(1-0.20)]
= √ [400000/(12*0.80)]
= √(400000/9.6)
= √41666.66666
= 204.12
Cycle length = Q/d
Cycle length = 204/20
Cycle length = 10.2 days
Answer:
4. Adversarial
Explanation:
Adversarial means when two individuals or more are on opposing sides.
According to Lester Thurow, in the British–American "individualistic" kind of capitalism, relationships among government, management, and labor in business systems are adversarial because government and business systems tend to oppose each other. This happens when the objectives of a business are sometimes not in line with the policies of the government and vice versa.
Examples of things that could lead to adversarial effect between the government and businesses are:
a. Creation of policies, laws and regulations by the government that may not favorable for some businesses.
b. Amount of tax to be paid to the government by businesses.
c. How industrial waste can be minimized and treated before been released into the environment.
One of the ways to ease the adversarial effect between government and businesses is the formation of trade unions whereby issues related to tax, policies, regulations can be discussed by both the stake holders in business and in the government in order for both parties to be able to resolve any issues between them.
Administrative controls formalize standards, rules, procedures, and control disciplines to ensure that the organization's general and application controls are properly executed and enforced.
Administrative controls are the controls which are a type of hazard control. They are used in order to improve safety within the workplace by putting policies and rules in place which reduces the occupational risk faced by workers by altering the way in which their work is performed.
Administrative controls include implementation of policies, rules, and schedules which support safety as well as the setting of safe operating procedures and standards.
It includes different training criteria, housekeeping duties, and maintenance practices in order to reduce exposure to different hazardous substances and dangerous tasks.
To know more about administrative controls here:
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Answer:
a.In normal costing, actual overhead costs always enter the work-in-process account
Explanation:
As we use an applied overhead rate this will most probably be diferent than actual overhead as it is calculated based on expected overhead cost and expected cost driver amount.
Therefore, difference will arise and there will be under or overapplication of facotry overhead.