Answer:
See explanation below.
Explanation:
a. Opportunity cost is a term in economic, which is used to express cost, in terms of forgone alternatives.
For this landowner , the opportunity , or implicit cost of growing corn is $148,000 [$400 per acre × 370 acres] from renting the land.
b. The opportunity cost or implicit cost of growing soya beans is $148,000 [$400 × 370 acres] from renting the land.
c. The landowner maximizes economic surplus by renting the land.
Answer:
Cost of land = $220,400
Cost of building = $0
Explanation:
The computation of the land and the cost of the new building is shown below:
Cost of land = Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $194,000 + $16,900 + $2,700 + $3,900 + $2,900
= $220,400
The cost of the new building would be zero as all the costs are allocated to the cost of the land. So, no cost is allocated to the cost of the new building
Answer:
Sept. 15
Bad Debt Expense = $4,200
Accounts Receivable-Jacob Marley = $4,200
Explanation:
Sept. 15
Bad Debt Expense = $4,200
Accounts Receivable-Jacob Marley = $4,200
Answer:
Option A. Variable costs of $56,700 and $43,900 of fixed costs
Explanation:
Given:
Jase Manufacturing Co.'s static budget at 7,800 units of production includes;
Direct labor = $39,000
Electric power = $3,120
Total fixed costs= $43,900
Variable costs = [$(39,000 + 3,120) ÷ 7800] × 10,500= $56,700
Fixed costs = $43,900
Answer:
A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.
Explanation:
A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.