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3 years ago

The opportunity cost of a decision is measured in terms of

Business

1 answer:

Otrada [13]3 years ago

5 0

Answer:

Explanation:

The opportunity cost of a decision is measured in terms of the sacrifice of the next best alternative, in other words the next best thing given up. Since opportunity cost refers to what you are losing or better yet giving up when you end up making a decision between two or more different options and once done are not able to choose the other option(s).

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Bonita Corporation had net sales of $2,409,200 and interest revenue of $38,100 during 2020. Expenses for 2020 were cost of goods

____ [38]

Answer:

net income: $ 451,010

EPS: $ 6.32 per share

Explanation:

net sales 2,409,200

cost of good sold (1,464,600)

gross profit: 944,600

operating expenses:

selling expenses (284,000)

operating income 660,600

non operating:

interest revenue 38,100

interest expense (54,400)

non operating expense (16,300)

earning before taxes: 644,300

tax expense: 30% 193,260

net income 451,010

shares outstanding 71,390

Earning per share: 451,010/71,390 = 6,31755

4 0

2 years ago

A corporation had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of th

xenn [34]

Answer:

Hence, the net income earned or net loss incurred by the business during the year $102,340.

Explanation:

3 0

2 years ago

Calculate an activity rate for packing based on packing orders. a.$1.20 per packing order b.$9.00 per packing order c.$60.00 per

EleoNora [17]

Answer:

d.$10.00 per packing order

Explanation:

The formula to compute the activity rate for packing order is shown below:

Activity rate for packing order = Total packing orders cost ÷ Total number of packing order

where,

Total packing order cost = $24,000

And, the total number of packing order = 400 + 2,000 = 2,400

So, the activity rate for packing order is

= ($24,000) ÷ (2,400 orders)

= $10 per packing order

4 0

3 years ago

A Fraternal Benefit Society has each of the following characteristics EXCEPT

Doss [256]

Answer:

Answer is option C, i.e. Exists for profit.

Explanation:

A fraternity benefit society or benefit society are incorporated body that exist to provide benefits and insurance during any sundry difficulties to its various registered member. These societies do not have any beforehand capital stock with them. And also these societies do not operate for profit motive as their ultimate help is to provide financial support to its members in times of need.

3 0

2 years ago

Morrow Corporation had only one job in process during May—Job X32Z—and had no finished goods inventory on May 1. Job X32Z was st

olga2289 [7]

Answer:

Cost of goods sold is $9,620

Explanation:

<em>First step prepare the Cost of Goods Manufactured Account</em>

Direct materials $ 9,100

Direct labor $ 2,800

Manufacturing overhead applied $ 4,800

Total Manufacturing Costs $16,700

Add Opening Work In Process $ 5,800

Less Closing Work In Process $ 0

Cost of Goods Manufactured $22,500

<em>Next we need to calculate the cost of goods sold as follows :</em>

Opening Finished Goods Inventory $0

Add Cost of Goods Manufactured $22,500

Less Closing Finished Goods Inventory ($12,500)

Cost of goods sold $10,000

Less Over-applied Overheads ($380)

Adjusted Cost of goods sold $9,620

Finished Goods Inventory = $22,500 × 100/180

= $12,500

Thus Cost of goods sold is $9,620

4 0

3 years ago