Explicit costs are business expenses that are easily identifiable and can be accounted for.
1) Wages and salaries = 100,000
2) Utilities expenses = 15,000
3) Materials and Supplies = 150,000
4) Gasoline expense = 5,000
100,000 + 15,000 + 150,000 + 5,000 = 270,000 answer is C.
Answer:
a) Process A is the bottleneck of the process
b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour
Explanation:
Part 1 is processed at A for 15 minutes and then at B for 10 minutes.
Thus part 1 take 15 + 10 i.e. 25 minutes two complete both processes
Part 2 is processed at C for 20 minutes.
Output from B and C i.e. part 1 and 2 respectively are fed to process D where the time taken to assemble is 15 minutes
Thus looking at the given data,
Part 1 takes longer time i.e. 25 minutes to reach process C compared to part 2 i.e. 20 minutes
So bottleneck occurs at process A and B because it takes maximum time i.e. 25 minutes
a) Process A is the bottleneck of the process
b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour
1. a large number of buyers and sellers
2. an identical or a homogeneous product
Answer:
The correct answer is letter "C": sales minus costs of intermediate goods.
Explanation:
Value Added is used to describe the extra something a company does to a product that makes it worth more than the cost of its underlying parts. For economists, value-added is the <em>difference between the gross revenue for an industry</em> (sales) <em>and the sum of the labor, materials, and services </em>(intermediate goods) <em>purchased to produce the goods that generated the revenue.</em>
No more than two pages and should include the most important information from each section of the plan. it should open with a compelling story to persuade the reader that the business is going to succeed. then it should support the statement gathered through market research.
