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3 years ago

Which situation best illustrates the economic concept of opportunity cost

Business

2 answers:

GaryK [48]3 years ago

6 0

Answer: A business hires a new programmer, so it can't afford to hire a new salesperson.

Explanation:

A P E X: Economics

Delicious77 [7]3 years ago

5 0

Answer: a business spends money on new computers, so it can’t afford de office furniture

Explanation:

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The establishment of all of the charge numbers for a project is called the: Select one: a. Work package codes b. Code of account

erastovalidia [21]

Answer: Code of accounts.

Explanation:

In project management, a code of accounts is a vital tool in managing any project because it makes it easier to differentiate numerous parts of a project without the need to remember terminologies or lengthy names.

A code of accounts is the unique numbering or lettering whereby letters or numbers are attached to each unique part of the project during the work breakdown structure (WBS) stage. The assigned numbers and letters should not be changed throughout the project's life cycle.

4 0

3 years ago

Backstreets Co. recently acquired all of Jungleland Inc.’s net assets in a business acquisition. The cash purchase price was $6.

sveta [45]

Answer:

The goodwill is $1.1 million

Explanation:

In this question, first we have to compute the net asset which is shown below:

Net asset = Total asset - total liabilities

where,

Total asset = Land + building + inventory

= $1.7 million + $3.4 million + $2.2 million

= $7.3 million

And, the total liabilities = long term note payable = $1.5 million

So, the net asset would equal to

= $7.3 million - $1.5 million

= $5.8 million

Now the goodwill equal to

= Cash purchase price - net asset

= $6.8 million - $5.8 million

= $1.0 million

7 0

4 years ago

Beartowne Enterprises uses an activityminusbased costing system to assign costs in its autominusparts division.

zysi [14]

Answer:

Total manufacturing costs for Part 003 is:_________ $ 38625

Explanation:

Beartowne Enterprises

Activity Based Costing

<em>We multiply the rate of of each activity with allocation base to get the indirect activity costs.</em>

Total manufacturing costs for Part 003 is:_________

Materials Costs $ 8,000

Materials handling = 2,300 moves *$3.00/move= $ 6900

Assembling = 1,650 machine hours * $ 6.0= $ 9900

Packaging = 3,950 units * $3.50/finished unit = $ 13825

Total Manufacturing Costs $ 38625

Given Data

Part # # Produced Materials Costs # Moves Machine Hrs.

Part 001 1,450 $1,500 300 500

Part 002 5,500 $4,000 500 300

Part 003 3,950 $8,000 2,300 1,650

Activity . Indirect Activity Allocation Cost allocation rate

Est Costs base

Materials $55,000 Material moves $3.00/move

Assembling $195,000 Machine hours $6.00/machine hour

Packaging $70,000 # of finished units $3.50/finished unit

5 0

3 years ago

Terp Bank obtains a relatively large portion of its funds from conventional demand deposits as it creates many branches with man

lapo4ka [179]

Terp Bank obtains a relatively large portion of its funds from conventional demand deposits as it creates many branches with many employees to attract demand deposits. Its interest expenses should be relatively low while its noninterest; expenses should be relatively high.

Option B

<u>Explanation:</u>

A withdrawal deposit is a banking or any other financial institution balance whereby the depositor may, without any notice or notification, remove the deposited funds from those in the account within seven days.

An example of demand deposits is checking accounts. We require the depositor to withdraw money at any moment. The volume of transactions a creditor is allowed on these transactions is infinite (even though each transaction might be paid by a bank).

For buyers, deposits of demand are essential because sometimes they house funds for daily expenses. Under no scenario, depositors could not purchase items on-demand without informing the bank first.

8 0

3 years ago

On December 1, 2016, Hogan Co. purchased a tract of land as a factory site for $780,000. The old building on the property was ra

FromTheMoon [43]

Answer:

C) $868,000

Explanation:

The costs associated to the purchase of the tract of land were:

Purchase price of land = $780,000
Demolition of old building = $70,000
Legal fees = $10,000
Title guarantee insurance = $16,000
Proceeds from sale of salvaged material = $8,000

The total cost of the land = purchase price + demolition costs + legal fees + title guarantee insurance - proceeds from salvaged materials = $780,000 + $70,000 + $10,000 + $16,000 - $8,000 = $868,000

The demolition costs are capitalized to land because they are a necessary cost to bring the land into its intended condition. Legal fees and title guarantee are necessary to avoid legal problems.

6 0

3 years ago