Answer:
Option 3
Explanation:
In simple words, the following case illustrates to the implicit and explicit cost. Implicit cost refers to the cost of loss of profits that one ha to loose for choosing one alternative over other while prolixity costs are the costs necessary to bear for effective operation.
In the given case, if Larry himself do the performance of the manager he might loose up more than $30,000 thus, he will obvious gaining from the manager more than 30,000 implicitly.
Answer:
the answer C
Explanation:
As long as the documents strickly comply with the letter of credit requirements, the bank will not have to reimburse the buyer
b. If there is fraud in the transaction, the bank will have to reinburse the buyer and seek its remedies against the seller
c. The strick compliance insulates the bank from liability, since it assures the bank that the underlying contract between the buyer and seller is entirely independent from the letter of credit contract
Answer:
$279,200
Explanation:
The computation of working capital is shown below:-
As we know that
Working capital = Current assets - Current liabilities
where,
Current assets = cash balance + account receivable + Inventory
= $129,200 + $122,600 + $209,300
= $461,100
And,
Current liabilities = Account payable + Salaries & wages payable
= $153,500 + $28,400
= $181,900
now we will put the values of the above working capital formula
= $461,100 - $181,900
= $279,200