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3 years ago

What constitutes an implicit cost to the johnston manufacturing company?

Business

1 answer:

irakobra [83]3 years ago

4 0

Answer:

Interest on self funded capital , Self imputed salary of entrepreneur

Explanation:

Implicit Cost is the cost of business, which includes the imputed value of self owned factor services. No cash monetary exchange takes place for such costs, unlikely Explicit Costs (for which money factor payment is done). The implicit costs include the opportunity cost of all the factor services. It implies the cost of next best alternative of the factor services.

Examples

Interest on self funded capital , as it could have opportunity cost in terms of interest otherwise
Self entrepreneurial, managerial salary ; that reflects the opportunity cost in terms of salary that could be earned otherwise (skills employed somewhere else)

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It usually takes less time to buy a six-pack of Pepsi, a loaf of bread, and a bag of potato chips at a small convenience store (

Marrrta [24]

Answer:

a person who works at a full-service grocery store

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2 years ago

King Nothing is evaluating a new 6-year project that will have annual sales of $410,000 and costs of $284,000. The project will

motikmotik

Answer:

Option (a) is correct.

Explanation:

Given that,

Sales = $410,000

Costs = $284,000

Depreciation Expense = $510,000 × 0.1920]

= $97,920

Therefore,

Operating Cash Flow:

= [(Sales - Variable Costs - Fixed Costs) × (1 - Tax Rate)] + [Depreciation × Tax Rate]

= [($410,000 - 284,000) × (1 - 0.35)] + [$97,920 × 0.35]

= [$126,000 × 0.65] + [$97,920 × 0.35]

= $81,900 + $34,272

= $1,16,172

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3 years ago

Write the interrelationship between education and profession

Nutka1998 [239]

Explanation:

in order to have a profession you need to get an education first ... if you start out working along side someone,that someone is giving you an education in how to do the job you want to do. if you are planning a profession such as a doctor or a lawyer , prepare yourself for a lot of education..

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2 years ago

Doris recently started her position at Monro Company. The company uses the dollar-value LIFO inventory method. On her first day

Furkat [3]

Answer

Explanation:

Cost index in dollar - value LIFO method is used to determine the change in prices since the beginning of he base year by comparing the year end inventory to the base layer cost.

The extended cost of the ending inventory at the most recent price is divided by the cost of the ending inventory at the base year price.

Workings

Cost in term of base layer = $50,000

Cost in term of the layer layer $100,000

Cost index = 100000/50000 = 2

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3 years ago

Rutgers Industries has the following inventory information for 2019: Jan 1 Beginning Inventory 240 units at $100 per unit June 1

timofeeve [1]

Answer:

$86,000

Explanation:

FIFO means first in, first out. It means that the first purchased inventory is the first to be sold.

This means thay the 500 units sold would be taken from the earliest purchased inventory and the ending inventory would be the most recently purchased inventories.

Ending inventory = (80 × $150) + (370 × $200) = $12,000 + $74,000 = $86,000

I hope my answer helps you

4 0

3 years ago