Answer:
Importance : Opportunity cost is lost Contribution
Effect : Opportunity cost increases the variable costs of the decision that has been chosen
Explanation:
Opportunity Cost is a lost contribution. Contribution is calculated as Sales less Variable Costs.
Considering opportunity costs is very relevant to a firm because it constitutes part of the money lost that cold have been earned when another alternative course of action is chosen over another. The opportunity cost <u><em>would have been</em></u> the revenue for the disregarded option.
So opportunity cost increases the variable costs of the decision that has been chosen.
Answer:
C. something for nothing close
Explanation:
The something for nothing closing strategy means adding something additional for free. In this case, Jacob was able to close the sale because he offered a free gift to the customer. Of course nothing is free, the cost of the gift is included in the price of the cosmetic, but the customer will evaluate the situation with the free gift or without the free gift.
Answer:
The correct option is "the amount of time the master schedule record or MRP record extends into the future"
Explanation:
The planning horizon is the amount of time an organization will look into the future when preparing a strategic plan. Many commercial companies use a five-year planning horizon, however a general Planning horizon is around one year. But other organizations such as the forestry commissions have to use a much longer planning horizon to form effective plans.
Loan 1 and Loan 2 have the same principal and interest rate but different monthly payments and total loan costs, therefore, the loan repayment periods would be different.
<h3>What is the loan repayment period?</h3>
The loan repayment period refers to the time it takes to repay a loan.
When the amount being repaid is smaller, the loan repayment period tends to be longer, and vice versa.
Data and Calculations:
Loan Repayment Principal Interest Rate Monthly Total cost
Period Payment of the loan
Loan 1 5 years $5,000 6.47 percent $98 $5,866
Loan 2 10 years $5,000 6.47 percent $57 $6,804
Thus, the loan repayment periods are affected by the monthly payments and total costs to reflect the loan terms.
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Gray purchases a home from black. gray will pay $700 a month, and a balloon payment and title transfer will take place in five years. this is a contract for deed.
A contract for deed which is sometimes called as an installment purchase contract or installment sale agreement, is a real estate transaction in which the seller finances the purchase of the property rather than a third party such as a bank or credit union or any other mortgage lender does.
It is often used when any buyer does not qualify for a conventional mortgage.
Contracts for deed are a financing option for property transactions between family members or friends. Some nonprofit housing organizations also use them to help the low income families in finding a path to homeownership.
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