Understanding opportunity cost

Home Depot selling plywood at wholesale prices during Hurricane Andrew could be considered, (Select the most appropriate answer.

ludmilkaskok [199]

Answer:

d. Possibly a profitable

Explanation:

Wholesale cost goals is to earn profit and sell all goods at a higher price thereby making money and profit. Not consumer centered.

8 0

2 years ago

A tornado that destroys property would be an example of which of the following?

finlep [7]

Your answer would be "Peril"

5 0

3 years ago

Department M had 2,000 units 59% completed in process at the beginning of June, 11,400 units completed during June, and 900 unit

satela [25.4K]

Answer:

Total equivalent units= 10,490

Explanation:

Equivalent Units

To apportion cost between work in progress and completed units in a particular period, we use equivalent units. Equivalents units are notional whole units which represent incomplete work and are used to apportion cost between completed units and work in progress

Equivalent Units = Degree of Completion × Units of inventory

Under the first in first out(FIFO) method, to account for the units of work completed the opening inventory are separated and distinguished from the units newly introduced in the period.

Another principle under this method is that only the percentage of work yet to be completed on the units of opening are done in the current period

Fully worked = 11,400 -2000 = 9400

The fully worked represents units of inventory started this current period and completed in the same period.

It implies that out of 11,400 completed in the period 2,000 units represent the opening inventory carried forward and the balance is fully worked

Item working Equivalent units

Opening inventory (100-59)%× 2000 = 820

Fully worked 100% × 9400 = 9400

Closing inventory 30% × 900 = 270

Total equivalent units 10490

3 0

3 years ago

The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $3,

QveST [7]

Answer:

$1,290

Explanation:

The work in process inventory account balance is given by the sum of the direct material cost, direct labor cost and the amount of applied overhead.

If the balance is $3,850, with material cost of $1,790 and direct labor cost of $770, the applied overhead is:

$O = \$3,850 - \$1,790 - \$770\\O=\$1,290$

The amount of the applied overhead is $1,290.

4 0

3 years ago

Suppose that real gdp per capita in italy is $36,000. If real gdp per capita is growing at a rate of 3. 6% per year. How many ye

soldier1979 [14.2K]

Suppose that real GDP per capita in Italy is $36,000. If real GDP per capita is growing at a rate of 3. 6% per year. How many years will it take for real GDP per capita to reach $72,000?

The correct answer is 20 years.

What is GDP per capita?

GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.

In the given case, the real GDP of Italy will be doubled in 20 years which is determined by rule 72.

So, 20 years it will take for real GDP per capita to reach $72,000.

Learn more about GDP per capita here:

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7 0

2 years ago