Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.
<h3>Forgone labour output </h3>
Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.
The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.
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Answer:
B. to reflect usage of services on a fair and equitable basis
Explanation:
Base on the scenario been described in the question, all of the following except to reflect usage of services on a fair and equitable basis is not an objectives for computing full cost . This is because if we at the other options like to reflect production's "fair share" of costs , to instill a consideration of support costs, to provide for cost recovery, they all give objective for computing full cost.
Answer:
The survival principle states that
A. the only firms that survive are those that maximize profits.
Explanation:
Profit maximization is important for a firm to survive. Without profit maximization, firms fail. Profits impact share price, business growth, and short-term and long-term survival. Profits reduce debt burden, and increase capital investments and acquisitions. Without profits, a firm cannot pay dividends or repurchase shares. Profit is at the center of a firm's survival. Even Baumol's theory of sales maximization states that it is only when an acceptable level of profit has been achieved that a firm can shift its focus away from profits to revenue maximization. This emphasizes the importance of profit maximization. Profit maximization also contributes to the maximization of cash flows.
Answer: Note receivable collected by bank in favor of the depositor and credited to the account of the depositor
Explanation:
A bank reconciliation is when the records for a cash account of an entity are been matched to the corresponding information that are provided on a bank statement.
When preparing a bank reconciliation which ends with adjusted cash balance, the note receivable collected by bank in favor of the depositor and credited to the account of the depositor must be added to the cash balance per ledger.
Answer:
$8,550
Explanation:
Calculation for how much food cost should be charged to the other departments at the end of the month for performance evaluation purposes
Using this formula
Other departments Cost to be charged=Average other departments *Budgeted variable food costs
Let plug in the formula
Other departments Cost to be charged =190 employees x$45 per employee
Other departments Cost to be charged= $8,550
Therefore how much food cost should be charged to the other departments at the end of the month for performance evaluation purposes is $8,550