The correct answer to this open question is the following.
The business decision based on the company where you work would be this. To open a new small branch of the fast-food restaurant as a concession in the municipal stadium.
The incremental cost is the future costs as a result of this business decision. This means that we have to consider extra money on a monthly basis to pay for the rent of the concession booth at the Municipal stadium.
The opportunity cost is that instead of opening our branch in the new downtown mall, we decided to move with the stadium option. Having decided to be at the mall could have allowed us to have more clients on a daily basis, especially on weekends.
The sunk cost is a cost from the past, an historical cost that really is not important in the present time to make a decision. Maybe, just a reference to a case in the past. And that's it.
Here we can refer to a cost when we opened the first location of the restaurant, but it was five years ago. Those were different situations, necessities, and conditions.
If management implements proper organization and <span>productivity will be higher,.
Proper organization refers to placing the Right people to do the right job, employee moral will make the employees have positive attachment to the company which will make them do their best to bring a good contribution for the company.</span>
Answer:
How to create a budget?
How to create a budget
Calculate your net income
List monthly expenses
Label fixed and variable expenses
Determine average monthly costs for each expense
Make adjustments
Answer:
The correct answer is letter "D": They want to see how responsible you are in making payments on existing debt.
Explanation:
Credit reports are documents displaying the credit history of individuals. They allow lenders to know what the credit behavior of an individual is, thus, have an idea if that person could repay the amount of a loan or is likely to fall into debt. The three major credit bureaus in the U.S. are <em>Equifax, Experian, </em>and <em>TransUnion</em>.
Answer:
Missing word "b. What are some of the product costs versus period costs? c. What are the direct materials, direct labor, manufacturing overhead costs?"
a. The variable cost of making/production of a coffee will include direct material like coffee seeds or bean and seasoned labor wages required to farm coffee. The fixed costs will include cost like salary cost of permanent employees like supervisors. Mixed cost will include costs of operating a tractor in farm on rent, where rent would be a fixed cost and cost of running it from petrol or diesel would be a variable cost.
b. Example of period cost can be rent of equipments taken on rent or depreciation on own equipments used for coffee production purpose while product costs can be direct material and direct labor
c. Direct material cost would be coffee beans and seeds,wages of direct labor would be season labor employed and variable overhead would be transportation expenses to carry coffee
