Rational choice theory states that individuals rely on rational calculations to achieve outcomes that are in line with their personal objectives. These decisions provide people with the greatest benefit or satisfaction — given the choices available — and are also in their highest self-interest.
The unadjusted cost of goods sold is $395,000
<h3>What is cost of goods sold?</h3>
Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services.
The unadjusted cost of goods is computed as:
= Cost of goods manufactured - ( Ending finished goods -Beginning finished goods inventory )
= $410,000 - ( $125,000 - $110,000)
= $410,000 - $15,000
= $395,000
Hence, the unadjusted cost of goods sold is $395,000
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Answer
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Explanation
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<span>C.K. Prahalad was a teacher at the University of Michigan and very influential business thinker.</span><span>
According to C.K. Prahalad, the first stage of globalization is </span>when companies produce goods in one country and export them to other countries.
The second stage is when global businesses establish subsidiaries to handle the exports from their home country and at the third stage global firms set up operations in other countries.
Answer:
$500
Explanation:
The computation is shown below:
Data provided in the question
Sale value of five year old car to used car = $3,000
Now in the same year, the resales value to Ima Goner = $3,500
So, the contribution made in the GDP for the year 2005 is
= Resales value to Ima Goner - Sale value of five year old car to used car
= $3,500 - $3,000
= $500