Answer:
$33,540,000
Explanation:
initial investment:
- opportunity cost of land (resale price of land) = $10,700,000
- building cost of the facilities = $21,900,000
- other expenses related to the site (grading) = $940,000
- total $33,540,000
The purchase cost of the land is considered a sunk costs, since it is not relevant now. What is relevant is the price at which the land could be sold at the moment of starting the project.
A circle graph, or otherwise known as a pie chart.
Answer:
the bad debt expense is $900
Explanation:
The computation of the bad debt expense is shown below:
bad debt expense is
= Written off amount + estimated uncollectible amount at the year end
= $650 + $250
= $900
We simply added the above two items so that the amount of the bad debts for the first year could come
Hence, the bad debt expense is $900
Equalizing task time for each station is the fundamental goal of the fixed position layout. The correct answer is option (d). Fixed position.
<h3>What is fixed position layout?</h3>
With a fixed-position arrangement, the product may stay put while personnel and equipment can move to it as needed. Ships, aircraft, and building projects are examples of products that cannot be moved that are often constructed utilising a fixed-position arrangement.
Facilities can be laid out in one of four ways: process, product, fixed-position, or cellular. Workflow is organised around the manufacturing process in the process layout. Fixed-Position Layouts need the personnel, materials, and equipment to go to the production area, and the equipment is typically left in place since it is either too costly or too complex to shift. Low fixed costs are a benefit of fixed-position layouts, whereas high variable costs are a drawback.
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The objectives of the board of directors will be that the commercial insurance cannot own the new insurer company because a new insurer will be formed based on mutual insurers where it will be controlled.
<h3>What is insurance?</h3>
Insurance generally refers to a contract between parties for the protection of financial loss, where one party (Insurance Company) promises to make good of the losses of the other party (Insured). It is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment.
Commercial lines insurance involves protection for business and organization. Commercial insurance cannot own the new insurer company because a new insurer will be formed based on mutual insurers where it will be controlled.
Also, one of the objectives of protection is to pool the risk of a sufficiently large number of insured, hence insurance important because it helps businesses to mitigate loss.
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