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Arisa [49]
3 years ago
7

The company uses a custom-made software program to manage its inventory. The company paid a consulting firm $32,000 to develop t

he custom software. The annual opportunity cost for the resource is $_____.
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer: $0

Explanation:

The program is said to be custom-made which means that the program is specifically for this company and so cannot be used by another.

This will put the opportunity cost at $0 because the company cannot use the money paid to develop something else as there are no alternatives to a custom made software.

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Private ownership of resources exists in _________________ and _________________ economies.
Kay [80]

Personal ownership of resources exists in capitalism and command economies.

Ownership is the legal proper to possess something. An instance of ownership is possessing a selected house and property. noun.

Ownership refers to the felony proper of an character, group, agency or government to the ownership of a thing. The difficulty of ownership is of types cloth and immaterial things. material possession is that which is tangible like belongings, land, vehicle, e-book, and many others. A shareholder is someone, employer, or institution that owns at least one share of a company's inventory or in a mutual fund. Shareholders essentially own the organization, which comes with certain rights and obligations. This kind of possession allows them to acquire the blessings of a commercial enterprise's success.

Ultimately, taking ownership is vital because it builds consideration, assistance, and bonds with humans you care about. A group cannot thrive without a subculture of responsibility as it's what continues everybody operating together toward a collective, described organizational undertaking.

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6 0
2 years ago
Analyse the interrelationship anong the stages of group development process ​
tino4ka555 [31]

Answer:

Bruce Tuckman presented a model of five stages Forming, Storming, Norming, and Performing in order to develop as a group.

Orientation (Forming Stage) ...

Power Struggle (Storming Stage) ...

Cooperation and Integration (Norming Stage) ...

Synergy (Performing Stage) ...

Closure (Adjourning

4 0
3 years ago
Guaranteeing furutre dividneds is considered to be an unfair or deceptive act known as?
White raven [17]

Guaranteeing future dividends is considered to be an unfair or deceptive act known as misrepresentation.

Misrepresentation is a false or misleading statement of fact made by one party to another party during a negotiation that misleads the other party into entering into a contract.

Misrepresentation means making a false or misleading statement or any other misleading statement with the intent to mislead. It's a serious omission. Misrepresentation is one component of common law fraud and one source of fraud, including: B. Securities Fraud.

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8 0
2 years ago
Valli Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $700000 and cred
marshall27 [118]

Answer:

Adjusting entry Valli Company will make to record the bad debts expense:

Debit Bad Debts Expense $25,000

Credit Allowance for Doubtful Account $25,000

Explanation:

Valli Company uses the percentage of sales method for recording bad debts expense. Bad debts expense is calculated by using the following formula:

Bad Debts Expense = % Estimated Bad debts × Credit Sales

In Valli, Credit sales are $2,500,000 and % estimated is 1%.

Bad Debts Expense = 1% x $2,500,000 = $25,000

The adjusting entry to record the bad debts expense will be:

Debit Bad Debts Expense $25,000

Credit Allowance for Doubtful Account $25,000

6 0
3 years ago
Lone Star has computed the following unit costs for the year just ended:
Vladimir79 [104]

Answer:

$84

Explanation:

The computation of each unit of the company's inventory under absorption costing is shown below:

= Direct material used  + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead  

= $12 + $18 + $25 + $29

= $84

We simply added the first four-unit cost through which total unit cost would come

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
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