Answer: The opportunity cost of producing 1 apple will be 1 orange.
Explanation:
Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.
In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.
This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.
Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter required: Calculate the estimated cost of workers' compensation insurance for the year.
Answer:
$504 per year
$126 per quarter
Explanation:
workers' compensation insurance = payroll x insurance rate.
$84,000 x 0.6%
$84,000 x 0.006 = $504 per year
$504 ÷ 4 = $126 per quarter
Answer:
The asset turnover is 3.66 times
Explanation:
Asset Turnover is the efficiency rate of the assets of the business to generate revenue for the business. It shows how efficiently the assets of the business are used to generate revenue for the business.
Formula for Asset turnover is as follow
Asset Turnover = Net sales / Average total assets
Asset Turnover = $5,490,000 / $1,500,000
Asset Turnover = 3.66 times
It means that the sale for the period is generated to 3.66 times of average total asset of the business.
Answer: A. You can withdraw money at any time.
Explanation:
Answer:
60,000,000
Explanation:
Dye trucking raised $85 million to buy stock
After the recap Dye's stock price is $8.50
Dye share had 70 million share before the recap
Therefore the number of shares present after the recap can be calculated as follows
= 70,000,000-(85,000,000/8.50)
= 70,000,000-10,000,000
= 60,000,000
Hence the number of shares after the recap is 60,000,000
