Answer:
$ 1733
Explanation:
Cost Marginal Investment in Accounts Receivable = Marginal Investment in Accounts Receivable * firm's required return on investment
Marginal Investment in Accounts Receivable = Average Investments Under proposed Plan - Average Investments Under present Plans
Average Investments in Accounts Receivable = Total variable cost of annual sales / Turn over of account receivables
Turn Over of account receivables = 360/ average collection period.
Using above formula for calculation , Answer = $ 8665 * 20% = $ 1733
The main thing Vinnie did wrong was have multiple credit cards, and it say sin the question 'had fun with them' he probably did not monitor how much money he was spending.
It’s true because I know a lot of this theme and I said it’s true
Answer:
<u>4 bushels, 2 bushels, Bellisima, Euphoria</u>
Explanation:
Remember, opportunity cost as used in this context<em> refers to the loss of other profit alternatives when one alternative is chosen</em>. In this scenario if we consider the two neighboring countires called Acadia and Euphoria. Both have 4 million labor hours per month that they can use to produce corn, jeans, or a combination of both.
Euphoria produces <em>4 bushels of corn per hour and 16 pairs of jeans</em><em>. </em>Acadia produces<em> 5 bushels of corn per hour and 10 pairs of jeans.</em> Euphoria produces <em>12 million bushels of corn and 16 million pairs of jeans</em> and Acadia produces <em>5 million bushels of corn and 30 million pairs of jeans.</em>
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<u>Euphoria's opportunity cost of producing one bushel of corn is</u> = 4 pairs of jeans and
<u>Acadia's cost of producing one bushel of corn is </u>= 2 pairs of jeans.
Finanlly, It is obvious that Acadia has the comparative advantage of producing corn, and Euphoria has the comparative advantage of producing jeans.