Answer:
Explicit costs are the costs which requires the money to pay.
On the other hand, implicit costs refers to the benefit that is foregone by choosing some other work or doing some other activity.
Therefore,
Explicit costs are as follows:
1. Wages pays to his hired hand
2. Buys feed for his cows.
3. Gas expense that is used in truck
Implicit costs are as follows:
1. Foregone income of $27,000 from working at a dairy plant as a technician.
2. Time taken for extracting milk from all the cows.
Answer:
6
Explanation:
The following information are given about an activity
ES= 10
EF= 15
LS= 16
LF= 21
Therefore the amount of slack associated with the activity can be calculated as follows
SL= LS-ES
= 16-10
= 6
Hence, the amount of slack associated with the activity is 6
The rate of the excessive-give-up PetBed In fee-plus pricing, rate = cost + gross margin. Gross MargiPrice should be = one hundred eighty + 60 = $240
Cost-plus pricing is likewise called markup pricing. it is a pricing technique in which a set percentage is brought on the pinnacle of the cost it takes to produce one unit of a product (unit cost). The resulting variety is the selling rate of the product.
The concept in the back of cost-plus pricing is straightforward. the seller calculates all fees, fixed and variable, that have been or can be incurred in the production of the product, and then applies a markup percentage to these costs to estimate the asking charge.
Price-plus pricing is where an enterprise comes up with charges by way of multiplying the value of products sold by using the desired markup percentage. In short, look at how a lot it fees you to make a product and multiply that by way of a hard and fast percentage to get your selling charge.
Learn more about Cost-plus pricing here: brainly.com/question/14592779
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Answer:
2) an opportunity
Explanation:
A SWOT analysis considers opportunities as favorable external factors that represent a growth opportunity for the company and the developing of a comparative advantage.
In this case, the Indian market is HUGE, more than 1.3 billion people (that is similar to the European Union + North American and South American markets together). Whoever is able to make the first step and gain a relevant position in the Indian market may increase its sales revenue dramatically.
