Opportunity cost is the value of your second choice, or whatever you give up to get something
Taylor gives up either the video games or the funny videos. So you can choose either one
The answer is unemployment rate. It is the share of the labor force that is jobless, conveyed as a percentage. It is a lagging pointer, meaning that it normally rises or falls in the wake of changing economic conditions, rather than expecting them. When the economy is in poor shape and jobs are limited, the unemployment rate can be expected to rise. When the economy is growing at a healthy rate and jobs are relatively plentiful, it can be expected to drop. The official unemployment rate is identified as U3. It describes unemployed people as those who are willing and available to work, and who have actively wanted work within the past four weeks.
Answer:
higher prices
Explanation:
supply and demand (I think)
Answer:
Computing a cost rate per production is not part of activity based costing
Explanation: The cost rate per production is computed in the traditional Absorption costing to allocate the overhead costs to unit products.
Answer:
a. Working capital = Current Assets - Current Liabilities
Working capital = (Cash + Accounts receivable + Inventory + Other current assets) - Total current liabilities
Working capital = ($7.2 + $14.4 + $18.0 + $11.1) - $24.8
Working capital = $50.7 - $24.8
Working capital = $25.9
b. Current ratio = Current Assets / Current Liabilities
Current ratio = $50.7 / $24.8
Current ratio = 2.04 : 1