Answer:
Total implicit cost = $65,000
so correct option is B) $65,000
Explanation:
given data
mutual fund = $100,000
earn = 5%
rented a showroom = $20,000
furniture = $60,000
incurred costs = $40,000
solution
we know that Implicit cost that is take here into account alternative that have sacrifice
so that alternative sacrifice is interest on the deposit of 5 % of 100,000 = $5000
and salary foregone = $60,000
so
Total implicit cost is
Total implicit cost = $5,000 + $60,000
Total implicit cost = $65,000
so correct option is B) $65,000
Question Completion with Options:
i. Line Organisation
ii. Staff Organisation
iii. Functional Organisation
iv. Committee Organisation Code
Answer:
The option that is not a standard organizational structure is:
iv. Committee Organisation Code
Explanation:
The organizational structure adopted by an entity reflects how some of its rules, roles, and responsibilities are directed between organizational levels in order to achieve its goals. The organizational structure also shows the information flows between different levels within the entity. Traditionally, organizations maintained hierarchical, functional, divisional, matrix, and flat organizational structures. Given current digitalization with its internet of things (IoT), more decentralized, network, and team-based organizational structures have emerged.
Answer:
Refers to the oscillation of production
Explanation:
The term economic cycle refers to the movements of prosperity and decay in economic activity (GDP), that is, the alternations that occur between periods of growth and economic recession over time. Cycles affect business, because in a prosperous period the business environment generates higher returns, while in the recession phase it becomes unfavorable due to the unstable environment.
Answer:
The correct answer is $1,863 (U).
Explanation:
According to the scenario, computation of the given data are as follows:
Planned Activity = 20 days
Actual activity days = 23 days
Contribution margin = $621
Operating cost =- $15,060
So, we can calculate the activity variance by using following formula:
Activity Variance = ( Planned activity days - Actual activity days) × Contribution margin
By putting the value, we get
Activity variance = ( 20 - 23 ) × $621
= -3 × $621
= - $1,863 ( Negative shows unfavorable)
= $1,863 (U)
<u>Solution and Explanation:</u>
<u>The following steps should be undertaken:
</u>
1. She should create extensive records of receipts, expenses, and other business dealings to demonstrate her profit intent which will give strength to fact that her activity is a business endeavor rather than hobby.
2. Secondly, she should keep ready a written and well-documented business plan clearly outlining the steps she would be taking to cut down losses and start earning profit.
3. She should demonstrate that she depends on her business endeavor for her livelihood to repel notion of it being a hobby.