Answer:
500 dollars per week will be their opportunity cost.
Explanation:
The opportunity cost is the best rejected alternative for each factor. In this case, as we are checking for Amanda's time it will be the lost wages from going to college
If Amanda invest saving, the alternative investment interest will be the opportunity cost.
If it use a house, the alternative opportunity cost will be the proceeds from renting.
Answer:
The answer is Quality of information and Asymmetric information
Explanation:
Information quality is a multi-attribute concept, it is said to define the quality of information are of good quality or of high value then the information is said to have good quality.
Asymmetric information also regarded as "information failure" occurs in a business environment in which some agent in a trade possesses information while other agents involved in the same trade do not.
Answer:
Predetermined overhead rate = $0.8 per hour
Overhead applied in December = $34,960
Explanation:
Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hours
Predetermined overhead rate = $416,000 / 520,000 hours
Predetermined overhead rate = $0.8 per hour
(as Direct labor cost is equal to total direct labor hours worked multiplied by the wage rate.)
Actual Labor hour = 43,700
Overhead applied in December = 43,700 hours x $0.8 = $34,960
This is an example of insider trading, which is using private company data or information to make improper gains.
Answer:
Decreased of $1,700
Explanation:
Sales (8,000 units × $140, 8,100 units ×$140)
$1,120,000 $1,134,000
Variable expenses
(8,000 units × 28, 8,100 units ×$37)
$224,000, $299,700
Contribution margin
$896,000, $834,300
Fixed expenses
$720,000, $660,000
Net operating income
$176,000, $174,300
Decreased in net operating income
$176,000-$174,000= $1,700
Therefore the overall effect on the company's monthly net operating income of this change is that net operating income will decrease by $1,700