The opportunity cost of holding money is the interest forgone on an alternative asset.
<h3>What is
asset?</h3>
An asset is any resource held or controlled by a business or economic entity in financial accounting. It is anything that has the potential to provide positive economic value. Assets represent ownership value that may be transformed into cash.
A business asset is something that has current or future economic worth to the company. In essence, assets for businesses encompass anything controlled and held by the company that is today valuable or has the potential to give monetary advantage in the future. Patents, machines, and investments are some examples.
Depreciation is the systematic distribution of an asset's depreciable amount throughout its useful life. The depreciable amount of an asset is equal to the asset's cost or another number substituted for cost, less its residual value.
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Answer:
Contribution margin per unit = $40
Explanation:
Provided information we have,
Selling price of unit = $100
Variable cost per unit = $60
Total monthly fixed cost = $30,000
Number of units sold = 1,000
Contribution margin per unit = ?
Therefore, we know contribution margin per unit = Selling price per unit - Variable cost per unit = $100 - $60 = $40
Therefore, contribution for total units sold = $40 
1,000 = $40,000
Final Answer
Contribution margin per unit = $40
If Sam was born in 1963, so
the earliest age that Sam can retire to receive full Social Security benefits
was 67.
Employee benefits are used to provide security for
employees. The benefits portion of a compensation package most likely plays an
important role in: attracting and retaining employees.
Answer:
C) organizing
Explanation:
From the question we are informed about Two coworkers at Nortel who came up with an idea for renting software over the Internet.Nortel's top management liked the idea and set up a special division called Channelware devoted to taking the idea and making a new product.In this case, the establishment of a new company and assigning the employees in the division the task of making the idea a reality requires organizing, which is a management function. Functional management can be regarded as most common type of organizational management, Management which is set of principles that relates to the functions such as planning, controlling as well as organizing and directing. Organizing can be regarded as process involving identification and grouping of work that is needed to be performed, it entails defining as well as delegating the responsibility. It can be regarded as establishment of relationships to enable people to work together in effective way to achieve goals
Answer:
net incremental cost = $ 2.2
Explanation:
Data provided:
Direct material cost = $ 10 per unit
Direct labor cost = $ 24 per unit
Overhead cost = $ 16 per unit
thus,
the total cost of the product = $ 10 + $ 24 + $ 16 = $ 50
Now,
if bought from outside cost = $ 45
Overhead cost if bought from outside = 45% of the overhead cost
= 0.45 × $ 16 = $ 7.2
hence, the total cost if bought from outside = $ 45 + $ 7.2 = $ 52.2
since, the cost of product if bought from outside side is greater than the product is produced by own
therefore, the net incremental cost = $ 52.2 - $ 50 = $ 2.2
