Answer:
manufacturer --> explicit cost
wages and utilities --> explicit cost
implicit cost --> rent of the showroom
implicit cost --> accountant salary
Explanation:
Implicit cost:
A cost already occurred but not necessarily shown or reported as a separate expense. It represents the opportunity cost of internal resources used without explicit compensation. The loss of potential income. but not of profits.
Resuming Implicit cost comes from the use of an asset, rather than renting or buying it.
Explicit cost:
Is a cost that occurs, identificable and accounted. It occurs during business operations and has a clearly defined dollar amount.
Explicit and implicit costs are utilized in the calculation of economic profit. They are used to determinate profitable of a business
Answer:
d. never owned by the consignee.
Explanation:
The consignor is the business that gives merchandise to the consignee so that it can sell it. The consignor is the owner of the merchandise that is given in consignment, not the consignee. This merchandise must be reported in the consignor merchandise inventory in the balance until it is sold. Once it is sold, an accounts receivable is created.
Answer:
The right answer is, 3. Situation analysis.
Explanation:
The situational analasis in a company, makes reference to all those methods that the manager uses to analyze the internal and external environment of the organization, with which the current situation of the company is defined and what are the opportunities it has to continue moving forward.
Answer:
Concord BEP: 400,000 units
Explanation:
Break Even Point (Units) = Fixed Cost / (Selling Price - Variable Cost) or
Break Even Point (Units) = Fixed Cost / Contribution Margin
Concord Break Even Point:
Contribution Margin Per Unit: (($980,000 - ($490,000 + $49,000)) / 49,000 = $9
Concord BEP: $360,000 / $9 = 400,000 units
Answer:
The Home owner commenced the action in a state A court ( C )
Explanation:
The Defendant ( the contractor) can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner if the federal court has the Jurisdiction to rule on the case
Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.
