Answer:
$8000
Explanation:
They have to pay $8,000 as an implicit costs.
The implicit expenditure is the advantage of the right to use the personal resources of a company that is not listed as actual, distinct expenditures.
Computation of Implicit cost for the Boston Batting Cage :
Implicit cost = Labor + maintenance + electricity
= $5,000 + $2,000 + $1,000
= $,8000
Tax rate refers to the percent of total gross wages owed in tax. Tax rates are imposed by the federal government and in some states the base their taxes on the person's income or the corporation's overall earnings. Tax rates are paid on a monthly basis or depending on the employer's general rules.
Answer:
False
Explanation:
All the systems are bifurcated in four categories called inputs, transformation processes, outputs and feed-back forms.
Since the inefficiency is felt in production process, it will involve the correct management of input, as the raw material and labor inputs shall be proper.
Transformation process is vital as this will convert the input into output and accordingly shall include all the important steps required in production.
Output shall be maintained properly as and when the output is ready as shall be stored and packed properly.
Feedback forms are important to know the customer review about the products.
Therefore, design, sales etc: shall not be worked in course of improvement.
It becomes more compelling as it increases over time. Basically, when you owe money and die, your children have to pay it back. Then they accumulate their own debt so their children have to pay it then. This goes on for years and years and you end up with a huge national debt that the generations can't pay back and everyone keeps working for money that they don't have.
