Answer:
$600,000
Explanation:
Opportunity cost also known as implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
the next best option to Bob is to sell the cafe. If he did, he would have earned $600,000. This is his opportunity cost.
$50,000 constitutes a variable cost while $7000 is a fixed cost.
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Rent payments do not change - it remains the same no matter the level of output.
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
<span>The statement about "Microsoft studies correlations between its successful workers and the schools and companies they arrived from, an application of business analytics" is true. The answer is letter B. An example is a paper called Diamonds in the Data Mine by Gary Loveman, the CEO of the Harah's gambling empire. He wanted to know how data-mining software was used to study numerous amounts of casino customer data to target profitable sponsors. So the statement above aids in the recruitment of these sponsors using data-mining software such as microsoft.</span>
Answer:
Hodge Company
Calculation of Estimated Loss on Inventory in the
Flood Using Gross Margin (Profit) Method
November 21, 2016
Inventory at November 1, 2016 $96,000
Purchases from November 1, 2016 <u>$131,000</u>
to date of flood
Cost of goods available for sale $227,000
<u>Estimated cost of goods sold:</u>
Net sales from November 1, 2016 $250,000
to date of flood
Less: Estimated gross margin <u>$75,000</u> <u>$175,000</u>
(250,000 * 30%)
Estimated cost of inventory at date of flood $52,000
Less: Salvage goods <u>$9,200</u>
Estimated loss on inventory in the flood <u>$42,800</u>
Answer:
200,800 units
Explanation:
<u>Calculation of Equivalent units of Production of Conversion Costs</u>
Method : weighted-average method.
Completed and Transferred (181,000 × 100%) = 181,000
Ending Work In Process (33,000 × 60%) = 19,800
Equivalent units of Production of Conversion Costs = 200,800
The company with 79 units in stock have a Service Level of 97 The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by: Given that: μ = 40, σ = 20, hence for x = 79: From the normal distribution table, P(z < 79) = P(z < 1.95) = 97.44% Hence the company with 79 units in stock have a Service Level of 97.
Flexibility/limberness refers to the anatomical form of movement in a joint or series of joints, and length in muscle mass that cross the joints to bring about a bending movement or movement. Flexibility varies among human beings, particularly in phrases of versions in muscle duration of multi-joint muscle tissue. Flexibility in a few joints may be superior to a exceptional degree through exercising, with stretching a not unusual exercise difficulty to keep or decorate flexibility. The joints in a human frame are surrounded by synovial membranes and articular cartilage which cowl, cushion and nourish the joint and surfaces of each.[1] growing muscular elasticity of the joint's variety of mobility will increase flexibility.
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