Answer:
O D $0
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Since the land is worthless, there is no next best use of the land. Thus, its opportunity cost is zero.
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The answer is lending your bestfriend 25 dollars to buy a guitar.
Unit of costs is the amount incurred by a particular company to be able to produce, store and sell the number of the same products. In the given example. 25 dollars is the cost of the guitar or the unit of costs.
An annual reporting period consisting of any twelve consecutive months is known as Fiscal year.
The government and enterprises utilize a fiscal year (FY), usually referred to as a budget year, as the time frame for accounting to create annual financial accounts and reports. A fiscal year may not end on December 31 and is made up of 12 months or 52 weeks.
Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organizations for financial reporting.
Companies and workplace groups use a fiscal year, which is a 12-month period, to submit, review, and communicate their financial accounts, budgets, and objectives. This period of time need not follow the conventional January to December calendar year pattern. Every company has a unique nature when it comes to generating revenue and succeeding.
Learn more about fiscal year here
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The very first thing that should be considered when it comes to the location of the gasoline station is its accessibility to the consumers. As a general guideline, it should be located approximately 500 ft from any public institution including churches, malls, schools, etc.
Answer:
Total= 96,800 pounds
Explanation:
To calculate the direct material requirement, we need to use the following formula:
Budgeted material= required for production + desired ending inventory - beginning inventory
<u>Budgeted material:</u>
Production for January= (23,000*4)= 92,000
Desired ending inventory= (27,000*4)*0.3= 32,400
Beginning inventory= (27,600)
Total= 96,800 pounds
