Answer:
An opportunity cost
Explanation:
The opportunity cost is the cost where the loss occurs from the benefit could have been enjoyed in the case when the best alternative choice was selected Since in the question it is mentioned that the company operating at a capacity and than lose revenue from the regular customers so it is an opportunity cost
Answer:
Part A
1) Total amount of oats allowed = 960000*16 = 15360000 ounce
2) Total amount of labor hours allowed
= 960000*.04 = 38400 Hours
Part B :
1) Total amount of oats allowed = 750000*17 = 12750000 ounce
2) Total amount of labor hours allowed
= 750000*.04 = 30000 Hours
Explanation:
Answer:
See explanation below for answer.
Explanation:
One way in which the federal government makes money is to impose a tax on the salaries and wages earned by workers. This tax is a particular percentage of the salaries and wages of workers, and it is collected by the government to be used for various purposes.
Therefore, if the labour force were to be increased, meaning an increase in the number of workers in the economy, this would lead to more people earning wages and salaries, thereby translating into more tax to be collected by the government.
Hence, an increase in the labour force has a positive effect on government revenue, because it will lead to an increase in revenue collected from taxes.
An economic expansion tends to cause the federal budget deficit to decrease because tax revenues rise and government spending on transfer payments falls.
What is economic expansion?
Economic expansion occurs when real GDP raises from a trough to a peak within two or more subsequent quarters. The expansion occurs during times of economic stimulation when there is a rise in employment, followed by consumer confidence and discretionary spending. The stage is additionally referred to as economic recovery. When expansion reaches its pinnacle, a peak happens. With a large sum of demand for goods, inflation occurs when costs begin to increase. Gradually, consumers begin to buy less. After reaching the peak, economic growth starts to decrease. While the phrases inflation and deflation refer to rising and falling prices of commodities, goods, and services relative to the value of money, economic contraction and expansion refer to the overall output of all goods and services.
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Answer:
C. $3,000
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
Mathematically,
Depreciation = (Cost - Salvage value)/Estimated useful life
Given that On January 1, Year 1, Sophia Company purchased an asset that cost $100,000. The asset had an expected useful life of five years and an estimated salvage value of $20,000,
Annual depreciation
= ($20,000 - $4,000)/8
= $2,000
At the beginning of the 3rd year, the carrying amount of the asset
= $20,000 - 2($2,000)
= $16,000
Since the company revised its estimated total life of 6 years, annual depreciation will be (including year 3)
= ($16,000 - $4,000)/4
= $3,000
