Answer:
1. Private ownership of factors of production
2. Freedom to engage in commercial activities
Explanation:
<u>1. Private ownership of factors of production</u>
In the US, individuals and firms are allowed to own properties. A significant percentage of the factors of production are in the hands of the private sector. Firms and individual influences the production of goods and services because they allocate resources to meet market demand.
<u>2. Freedom to engage in commercial activities</u>
Entrepreneurs have the freedom to choose the type of business they want to start. They can also select the location and the time they want to operate. There are no upper limits to firms that can participate in the market. Consumers are free to choose their suppliers. The market presents a variety of goods and services to consumers to pick from.
Answer:
$18,000
Explanation:
Sunk costs refers to a cost that has been expended and cannot be recovered or recouped.
With regards to the above, $18,000 was expended concord by corporations to purchase computers hence cannot be recovered. Therefore, it is a sunk cost.
Answer:
it will be a net loss of 560,000
It is better to produce at a loss of 60,000 than a loss of 620,000
That's because, the Division cover a good portion of their allocate fixed cost.
Explanation:
The fixed expense are allocate cost. Are unavoidable cost It will remain even if the division is dropped.
The sales and variable cost will be zero.
![\left[\begin{array}{cccc}&Continued&Discontinued&Differential\\Sales&1,200,000&0&-1,200,000\\Variable&-640,000&0&640,000\\Allocate cost&-620,000&-620,000&0\\Result&-60,000&-620,000&-560,000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26Continued%26Discontinued%26Differential%5C%5CSales%261%2C200%2C000%260%26-1%2C200%2C000%5C%5CVariable%26-640%2C000%260%26640%2C000%5C%5CAllocate%20cost%26-620%2C000%26-620%2C000%260%5C%5CResult%26-60%2C000%26-620%2C000%26-560%2C000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
After posting the values, we calculate the differential income.
In this case it will be a loss for 560,000
I may be wrong but I believe it’s false
Answer:
correct answer is full cost pricing
Explanation:
this practice called as full cost pricing
because full cost pricing is that when the price of any product is calculate by an organization on the base of per unit direct cost of output and we add there markup for cover the overhead cost and profit
so here Full cost pricing also including harmful environmental effect and the health cost of the goods and services in market price
so correct answer is full cost pricing
