Answer:
The options for this question are the following:
A. implicit cost
B. accounting cost
C. explicit cost
D. pure economic cost
E. positive economic rent
The correct answer is A. implicit cost
.
Explanation:
Implicit cost is an economics term that refers to the costs of a business that do not require direct spending but, instead, the result of a loss of potential revenue. This concept can have important ramifications for companies and entrepreneurs when they decide how to divide tasks between their workforce and how much they charge for their services. It is also an important concept for individuals to understand when choosing the best time budget for a variety of projects.
The implicit cost of some companies is generally a result of the amount of time it takes a person to complete the business and the time value of that person. For example, if someone hires an independent contractor to complete a plumbing job, that contractor must charge enough to cover their explicit and implicit costs in order to make a profit. The explicit costs will be the cost of the necessary materials, which is quite easy to calculate.
Changing customer needs: When companies add products, services and processes to offerings, firms can create and deliver value more effectively by satisfying the changing needs of their current and new customers or simply by keeping customers from getting bored with the current product or service offering.
Answer:
-$55 U
Explanation:
For computation of activity variance for supplies cost in March first we need to find the budgeted activity of standard supplies cost and actual activity of standard supplies cost is shown below:-
Budgeted activity of standard supplies cost = Supplies cost + Per frame cost × budgeted Activity frames
= $1,730 + $11 × 613
= $1,730 + $6,743
= $8,473
Actual activity of Standard supplies cost = Supplies cost + Per frame cost × Actual activity frames
= $1,730 + $11 × 618
= $1,730 + $6,798
= $8,528
So, activity variance for supplies cost = Budgeted activity of standard supplied cost - Actual activity of Standard supplies cost
= $8,473 - $8,528
= -$55
C. Sherbet.
The citrus's <span>acidic sweetness to clear the taste buds.</span>
Answer:
They will be genetically identical.
Explanation:
The process results in four daughter cells that are haploid, which means they contain half the number of chromosomes of the diploid parent cell. Meiosis has both similarities to and differences from mitosis, which is a cell division process in which a parent cell produces two identical daughter cells.
