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3 years ago

Explain one opportunity cost of a private limited company deciding to award a pay increase to

Business

1 answer:

Anuta_ua [19.1K]3 years ago

4 0

Answer:

see below

Explanation:

Opportunity costs represent the sacrificed benefits in a decision. when choosing between alternatives, people can only enjoy the benefits from the chosen option. The advantages from the other alternatives not selected are foregone. The missed benefits from the options not selected are the opportunity costs.

Awarding employees with a pay increase will cost the private limited company money. The company could have spent that money in different other ways. For example, instead of awarding a pay increase, the company could have invested in new modern machinery, invested in shares of another company, or opened another branch. Assuming buying shares was the next best alternative to awarding pay rise, the missed dividends, and capital gains from shares not bought is the opportunity cost.

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12. Taxes can have all of the following economic effects EXCEPT

professor190 [17]

<u>Answer: </u>Option D

<u>Explanation:</u>

When the government tries to reduce the production or consumption of certain goods taxes can help the government to perform this action. Taxes alter the resource allocation by giving disincentives for production, consumption or exchange of these goods. Consumer decisions on savings and retirements can be controlled through taxes. Through affecting their decisions, their behavior to take actions based on the decision can also be changed.

By keeping a check on the incentives of the people through taxes the demand and supply can be decreased. This further decreases the productivity of the country.

4 0

3 years ago

Once information is memorized, a student does not need to revisit that information because it is permanently stored in their bra

klio [65]

Answer:

Explanation:

We all know that it's not true. Memory is not permanent... we don't recall everything forever.

A full learning process goes way beyond the simple memorization, our brain needs to have the knowledge put into practice over and over before we can actually remember it permanently and be able to find that information back in our mind upon request.

That's the use of the homework to be able to practice newly learned skills.

4 0

3 years ago

Read 2 more answers

Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throu

tiny-mole [99]

Answer:

Equivalent units : Direct materials = 916,000 units and Conversion = 895,900 units

Explanation:

Calculation of equivalent units of production with respect to direct materials and conversion.

1. Direct Material

Ending Work In Process Inventory (201,000 × 100%) = 201,000

Completed and Transferred Out (715,000 × 100 %) = 715,000

Equivalent units of production with respect to direct materials = 916,000

2. Conversion

Ending Work In Process Inventory (201,000 × 90%) = 180,900

Completed and Transferred Out (715,000 × 100 %) = 715,000

Equivalent units of production with respect to direct materials = 895,900

3 0

3 years ago

A bank service charge of $10 would be included on the bank reconciliation as a(n):_____.

iris [78.8K]

A bank service fee of $10 would be included on the bank reconciliation as on the last day of the bank statement

<h2>What exactly does a bank reconciliation include?</h2>

Starting with the bank's ending cash balance, adding any deposits that are currently being made up of the company to the bank, subtracting any checks that haven't yet been cleared by the bank, then either adding or subtracting any other items completes the basic process flow for a bank reconciliation.

<h3>A bank reconciliation is what?</h3>

At the conclusion of every month, a business should perform a bank reconciliation, which is that the process of confirming the correctness of both the bank statement and the cash accounts.

The most frequent reasons why the ending bank balance and ending book balance of cash differ.

Learn more about bank reconciliation :

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#SPJ4

7 0

2 years ago

Inventory records for Marvin Company revealed that following :a.Mar 1. Beginning Inventory 1,000 units $7.20b.Mar. 10 Purchase 6

lara31 [8.8K]

Answer:

$5,040

Explanation:

<em>LIFO</em> is better matching with Cost, Sales and Revenue when we have increase in prices. In this example we have been given we can see that the prices are rising as well.

To calculate the Ending Inventory let us first calculate our <em>Cost of Goods Sold (COGS)</em>:

So when we are talking about LIFO the very recent units we have purchased goes into the COGS. So if Marvin Company has sold 2,300 units during the period, we can calculate the COGS of 2,300 units as follows;

<em>Mar 23:</em> 600 x $7.35 = $4,410

<em>Mar 16:</em> 800 x $7.30 = $5,840

<em>Mar 10:</em> 600 x $7.25 = $4,350

Now all of the above accumulate to 2,000 units. But Marvin Company has sold 2,300 units. So we are short of 300 units in order to find the COGS of 2,300 units. For that we are going to take 300 units from our beginning inventory.

<em>Mar 1:</em> 300 x $7.20 = $2,160

Hence,

COGS = $4,410 + $5,840 + $4,350 + $2,160

COGS = $16,760

The remaining 700 units will go into the Ending Inventory and can be calculated as follows:

Ending Inventory = 700 x $7.20

Ending Inventory = $5,040

7 0

3 years ago