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Roman55 [17]
2 years ago
9

What is the opportunity cost in this scenario​

Business
1 answer:
FrozenT [24]2 years ago
6 0

Answer: The correct answer is visiting Ouro Preto.

Explanation: Opportunity Cost is what a person misses out on when another option is chosen. In this case Mikael chose to pay the extra $200 for the transportation. In order to do this he had to give up $200 in sightseeing. The sightseeing experience of visiting Ouro Preto is the Opportunity Cost in this scenario.

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Which is not one of the four criteria for a geometric setting?
Ipatiy [6.2K]
The <span>Three outcomes which are the success, failure, and proficient are </span><span>not one of the four criteria for a geometric setting.
</span><span>
The criteria for geometric setting are:</span>
1. Each observation is subdivided into two categories: Success and Failure.
2. The probability of success remains constant for each observation.
3. The observations are always independent.
4. The variable of interest is defined as the number of trials required to obtain the first success.
7 0
3 years ago
Yo-Down Inc. produces yogurt. Information related to the company’s yogurt production follows:
kap26 [50]

Answer:

Yo.Down Inc.

Determination of Support Department 1 costs to be allocated to each production department:

                                      Production        Production         Production

                                      Department 1    Department 2   Department 3

Support Department 1    $96,000            $6,000           $18,000

Explanation:

a) Cost allocation of Support Department 1:

1) Rate of allocation = Total Support Department 1's costs divided by the total of the cost drivers

= $120,000/2000 = $60 per cost driver

2) Production Department 1 = $60 x 1,600 = $96,000

Production Department 2 = $60 x 100 = $6,000

Production Department 3 = $60 x 300 = $18,000

3) The direct method is one of the three methods for allocating support or service department costs to the production departments in order to ensure the full inclusion of overhead costs in the production costs.  As the name goes, the costs of service departments are allocated to only production departments individually.  This method is not like the step method of cost allocation where the costs of service departments are allocated to other service departments, starting with the department with the highest costs, followed by the next, until all the costs of service departments are allocated to production.  However, no service department whose total costs have been allocated will be allocated any costs.  The last method of cost allocation is the reciprocal method, which is a more complicated method that produces more accurate results, by using equations to establish relationships between the departments.

3 0
3 years ago
As an importer of clothing, would you rather have your products sold by a general merchandise retailer or a specialty store? Why
jok3333 [9.3K]

Answer:

Specialty store

Explanation:

6 0
2 years ago
The total factory overhead for Big Light Company is budgeted for the year at $403,750. Big Light manufactures two different prod
Nataliya [291]

Answer:

a. Total number of budgeted direct labor hours for the year = Direct labor hours for night lights + Direct labor hours for desk lamps

= 30,000*1/2 + 40,000*2

= 15,000 + 80,000

= 95,000 hours

b. Single plant-wide factory overhead rate using direct labor hours = Budgeted factory overhead / Budgeted factory hours

= $403,750 / 95,000 hours

= $4.25 per hour

c. Per unit factory overhead = Number of hours required to complete one unit * Factory overhead rate per hour

<u />

<u>Night light</u>

Per unit factory overhead = 0.5 * 4.25

Per unit factory overhead = $2.125 per unit

<u>Desk lamp</u>

Per unit factory overhead = 2 * 4.25

Per unit factory overhead = $8.50 per unit

5 0
2 years ago
Stanley, Inc.'s 2018 income statement reported net sales of $6,000,000, uncollectible accounts expense of $160,000, and net inco
Daniel [21]

Answer:

d.   Account receivable days = 72 days

Explanation:

The average receivable days. This is the average length of time it takes a business to collect the amount due from its customers in respect of  credit sales.

When a business sells on credit , customers are expected to settle their account within a given credit period. Account receivable days is computed to evaluate how well a business is managing its investment in the account  receivables.

The shorter the better, as it means that custmers are paying on time, thereby preserving cash position for the business and reducing the risk bad debt.

A prolonged account receivable days means a poor credit control system  which comes with the attendants risk bad debt and additional financing costs for the business.

To compute the account receivable days (debtors collection period), use this formula:

Account receivable days= (Average account receivable/Credit sales) × 360 days.

So we apply this to the question:

Account receivable days= ( 1,200,000/6,000,000) × 360 days

                               = 72 days

5 0
3 years ago
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