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kramer
3 years ago
8

In economics, the cost of something is a. always measured in units of time given up to get it. b. the dollar amount of obtaining

it. c. what you give up to get it. d. often impossible to quantify, even in principle. 1
Business
1 answer:
Paha777 [63]3 years ago
4 0

Answer:

The correct answer is C

Explanation:

Economies is the study of how the society uses the resources which are limited and it deals with the consumption, production as well as distribution of the goods and services.

And under the economics the cost of something like or product is defined as what the person give up in order to get something.

For example, a person wants to purchase to product, he needs to give up the money against it in order to have the product or item with him.

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Materials that become an important component of the finished product whose cost can be easily and conveniently traced to the fin
Ipatiy [6.2K]

Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>

<u></u>

<h3>What are direct materials?</h3>

Those components pass into a manufactured product are called as Direct materials. Direct materials cost refers to the cost of direct materials which may be without problems recognized with the unit of production.

For example, the value of glass is an immediate substance cost in light bulb manufacturing.

Hence, Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>

<u></u>

learn more about direct materials:

brainly.com/question/26245657

#SPJ1

8 0
2 years ago
Consider the case of the Henderson Company.
sashaice [31]

Answer:

I) Days sales outstanding (DSO) for all customers?      48.7days

= (53*0.9)+(10*0.1) = 48.7 days

II) Net sales?                                                                  $166.600

The Net sales = Gross sales - sales allowance  

The discount amount due for the 10% discount customers = 2% of the 10% of 170 mn ==>  0.02 * 0.1 * 170 ===> 0.34 mn

∴ The Net sales = 17 - 0.34 mn = 16.66 mn

   Amount paid by discount customers?                     $13.600

Explanation:

I. General Credit Policy Information

  Credit stamps                                                               2/10 Net 30

  Days sales outstanding (DSO) for all customers    48.7days

  DSO for customers who take the discount (10%)      10days

  DSO for customers who forgo the discount (90%)    53days

II. Annual Credit Sales and Costs ($ millions)

  Gross sales                                                                 $170.000

  Net sales?                                                                   $166.600

  Amount paid by discount customers                      $13.600

  Amount paid by non discounted customers           $153.000

 Variable operating costs (82% of gross sales)         $139.40

 Bad debts                                                                    $0.0

 Credit evaluation & collection costs (10% of gross sales) $17.00

7 0
3 years ago
Read 2 more answers
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
kari74 [83]

Answer: The Southern Corporation manufactures a single product and has the following cost structure:

Explanation:

Fixed costs per year: Production$98,770 Selling and administrative$86,920 Last year, 5,810 units were produced and 5,610 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

7 0
3 years ago
Wnich of these skills is the cognitive ability to see the organization as a whole and the relationship amon parts? a. Human b. R
katrin2010 [14]

Answer:

c. Conceptual

Explanation:

The skill that best suits the cognitive ability to see the organization as a whole and the relationship between the parties is the conceptual skill.

This is an essential skill for managers who will manage the systems that comprise the organization, because through conceptual skill it is possible to learn through experience, planning, innovation through ideas and solutions, which can help the manager to order the leadership and decision-making process effectively for the company as a whole, in addition to facilitating the process of assertive communication aimed at employee engagement and other variables that promote continuous improvement in the company.

4 0
3 years ago
Venus Corp. operates in many countries. The company has a clearly written mandate for all its contractors abroad. According to t
seraphim [82]

Answer:

Code of ethics for its vendors

Explanation:

Code of ethics is the defined as the guide of principles that is designed or created in order to help the professionals in order to conduct the business with integrity as well as honesty.

The code of ethics also referred to as the ethical code, which might encompass the areas like employee code of conduct,  business ethics and code of professional practice.

So, the business who is operating in many countries, they mandate that all contractors need to ensure the safety measures as well as implement the same and the workers are made to work 9 hours only. Therefore, the company has set code of ethics for the vendors.

8 0
3 years ago
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