<span>In economics and cost accounting, total cost
(TC) is described as the total economic cost of production and is made up of
variable costs. This may vary according to the quantity of a good produced and
this also includes inputs such as labor and raw materials, plus fixed costs.
These are independent of the quantity of goods produced and include inputs
(capital) that cannot be varied in the short term, such as buildings and
machinery. Included as well in the computation of the total costs is the total
opportunity cost. The opportunity cost or alternative cost is defined as the
value if the business entity will choose the best alternative cost when making
a decision in relation to production. </span>
Answer:
Avoidable interest is $272,064.
Explanation:
Compute the interest on new notes payable, using the equation as shown below:
Interest = Principalof 13% note payable × Rate of interest
=$1,059,300×13%
=$137,709
Hence, the interest of new notes payable is $137,709.
Compute the interest of outstanding notes payable using the equation as follows:
Interest = Outstanding principal × Weighted average interest rate
=$1,268,700×10.59%
=$134,355
Hence, the interest of outstanding principal which is needed to be considered for the calculation of avoidable interest is $134,355
Avoidable interest is $272,064.
Answer:
Nominal GDP is $180
Explanation:
Recall that GDP is the total amount of the FINAL MARKET VALUE of goods and services produced within the geographical boundary of a country. Thus, only the price of the final good which is consumed by the consumers is added to the GDP. In this case, the initial sales from the farmer to Miller and Miller to Baker is not accounted for in the GDP as it was not the final value of the commodity. The final value of the commodity only came in when the Baker turned it into bread and sold it to a consumer for $180.
The correct form of expression to express the context earning on the sales of the products is (0. 035)(50,000) (0. 065)(81,500).
The context is about a graduate who earns on the basis of commission on the fixed amount of stock. On the sale of the first $ 50,000, he is getting 3.5% and the sales above $50,000 he is getting a commission of 6.5%.
Thus, the rate of 3.5% will be multiplied with the sales of %50,000, and the rate of 6.5% will be multiplied by the number of sales above $50,000 that is $81,500.
Therefore, the correct option is a.
To know more about the expressions that express the total earning of the employee, refer to the link below:
brainly.com/question/2337923
The main qualities of
real entrepreneur are:
1) spiritual freedom and
energy;
2) willpower;
3) ability to effectively
negotiate and convince partners and customers;
4) organizational skills;
<span>5) determination and
willingness to situations of risk.</span>