If you were in the dry cleaning business you would benchmark the business itself for their technological innovations
Answer:
False
Explanation:
Opportunity cost is entirely a different process which helps to determine the cost someone is willing to bear. By comparing opportunity cost gains from the trade it is not possible to get the exact exchange ratio because opportunity cost just measures the range of options someone can take. Those options can lead to benefit for both the parties.
Answer: c. would increase
Explanation:
Given Data:
Sales of product C90B= $24,080
Variable expense = $6,020
Sales of Product Y45E = $26,660 Variable expenses = $13,330.
Fixed expenses of entire company = $23,200
Therefore:
Contribution Margin: Total Contribution ÷ Total Sales
Product C90B:
= $( 24,080 - 6,020 ) ÷ $24,080 * 100
= 75%
Product Y45E
= $( 26660 - 13330 ) ÷ $26660 * 100
= 50%
Since the contribution margin of product C90B is greater than Y45E, they would be an increase.
Answer:
C. Debit Insurance Expense, dollar 4, 500; Credit Prepaid Insurance, dollar 4, 500
Explanation:
Date Account Title Debit Credit
Dec 31 Insurance expense $4,500
Prepaid insurance $4,500
($7,750-3,250)
Option C is correct.
Answer:
a. Is caused by changes in the business cycle.
Explanation:
Cyclical unemployment depends on the economic cycle that a country's economy is going through at a given time. In stages of recession or crisis, cyclical unemployment increases while in phases of expansion they decrease.
In economic terms, cyclical unemployment is said to be a fluctuation in the unemployment rate with respect to its natural rate, that is, the unemployment rate that cannot be reduced and is considered normal in an economy.
Cyclical unemployment increases when there is a fall in the economic activity of a country. In times when companies reduce their sales and investments, the demand for work is also reduced, so some people are laid off from their jobs while others cannot find a new job.
This type of unemployment is expected to reduce as economic activity begins to reactivate.