Answer:
Can reduce the number of workers it uses, but it cannot adjust how much capital it uses
Explanation:
The Short Run
This is simply refered to as a time frame (period of time) where at least one factor of production is fixed. The totality of Production takes place in the short run that is, it using more of the variable factors such as labour to the fixed factor such as capital, land.
The length of the short run can be known by the time it takes to increase the quantity of the fixed factor. This is said to change from industry to industry. The industries with Short Short Run includes Call centres, digging holes, internet based etc.
The Long Run
It is also known as the timeframe where all factors of production are said to be variable, but the state of technology is fixed. All planning takes place in the long run that is always in your head.
Answer:
Anticipatory repudiation.
Explanation:
Penelope's attitude or follow up towards her ordeal above is an example of anticipatory repudiation.
This is also termed an anticipatory breach, is a term in the law of contracts that describes a declaration by the promising party to a contract, that he or she does not intend to live up to his or her obligations under the contract.
It generally is a breach that constitutes material of contracts that discharge the promisee from all the obligations that they are under.
Itoccurs when the promisor indicates before the time for his performance that he is unwilling or unable to carry out of the contract.
Answer:
sunk cost.
Explanation:
Sunk cost can be defined as a cost or an amount of money that has been spent on something in the past and as such cannot be recovered. Thus, because a sunk cost has been incurred by an individual or organization it can't be recovered and as such it is irrelevant in the decision-making process such as investments, projects etc.
Basically, sunk costs are referred to as fixed costs.
Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.
Hence, a cost incurred in the past that is not relevant to any current decision is classified as a sunk cost.
For example, ABC investors decide to acquire land and develop residential houses at a location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.
Answer: 50400
Explanation:
- Straight-line rate= 100%/ 5 years= 20%
- Double declining Expense= 20% x 2= 40%
From Oct1 to Dec 31 is 9 months/ 12 months a year
- Depreciation Expense year 1= $120000x 0.4x 9/12= $36000
- Book value year 1= beginning year 2= $120000-$36000= $84000
- Book value year 2= $84000- ($84000x0.4)= $50400
Answer:
$98,233
Explanation:
Total product costs = direct labor costs + direct material costs + factory overhead
In this case, we must add up the following costs:
- Direct labor = $20,906
- Metal to make the exterior shell of the washing machines (direct material cost) = $50,181
- Electricity to run the machinery in the factory (factory overhead) = $18,939
- Salary of the manager who oversees manufacturing = $8,204
Total product costs = $98,233
The waterbill for the HQ, the salary of the CEO, and the marketing expenses are not included in the calculation because they are not factory overhead specifically.