Answer: $52,840
Explanation:
The opportunity cost are the benefits he will give up to pursue his current venture of landscaping.
= Salary from working for uncle + Interest on the Savings to be used in business + Difference in market value if he waits till the end of the year
= 50,000 + (7% * 12,000) + (12,000 - 10,000)
= $52,840
Answer:
The optimal production plan gives a total costs of $417,672 for the periods Feb to May
In Feb we will have to hire 26 workers to close the gap between demand and production from our 100 existing workers
In March however, we will have to lay them off (26 workers) to keep our production in line with demand.
In April, we are constrained to 100 workers, thus requiring that we run overtime. The overtime requirement is between 3,060 hours to max of 5,000 hours. Note that inspire of the hours chosen, demand for April still won't be fulfilled.
The best option will be the one that gives us last backlog because of the costs of backorder being extremely costly.
5,000 overtime hours in April is the best option .
In May, we are constrained to our 100 workers, meaning we will fulfill our back orders and also retain inventory in hand of 7,760 units.
The 3 pages attached show how the cost is worked out and the presentation as well.
The maker. Hope this helps. :)
Answer:
D. February 1
Explanation:
Based on the information provided within the question Benson Family Practice would recognize the revenue for the Smythe physical on the day it was billed which is February 1st. This is because according to the recognized revenue principle, revenues should be recognized as soon as they are earned, either by selling a product or service, regardless of when the payment is received.
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Discretion authorizes a representative to choose the security, the amount of shares, or whether to buy or sell. Time and/or price alone are not discretionary decisions.
What are discretionary orders?
Orders that a broker can handle on a client's behalf with some discretion without getting that client's express approval for every single order choice or detail are known as discretionary orders.
Conditional orders most frequently involve discretion, such adjusting the limit price in reaction to shifting market conditions.
In discretionary investment management, when a broker or adviser makes transactions on behalf of a customer without receiving their approval beforehand, discretionary orders are another essential element.
When a broker places a discretionary order, they are exempt from liability for any possible losses that their client may incur as long as they are acting in good faith and seeking the best execution.
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