Answer:
$348,000
Explanation:
Opportunity cost = Market value of land + Market value of the equipment
= $209,500 + $139,000
= $348,000
Therefore, the opportunity cost to be incurred in the initial cost is $348,000. Note: $7,500 is idea for this project, so it is not an opportunity cost
Balance of payments is the difference in total values of all payments in and out of the country over a given period of time. It is the record of all financial transactions between the residents of a country and the other foreign countries. In this case, payments made by the united states does not include exports.
True, any institutional ads are intended to promote a company or something.
Answer:
Opportunity cost is the forgone benefit that would have been derived by an option not chosen.
Explanation:
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Because by definition they are unseen, opportunity costs can be easily overlooked. Understanding the potential missed opportunities foregone by choosing one investment over another allows for better decision-making.
Answer:
$66,800
Explanation:
The computation of the amount of production cost assigned to product A but before that first we have to calculate the overhead rate which is shown below:
Overhead rate = Overhead Cost ÷ Total Labor Cost
= $60,000 ÷ ($30,000 + $16,000)
= $1.30
Now
Overhead Cost assigned to product A is
= $1.30 × $16,000
= $20,800
So, the Production costs assigned to product A is
= Direct Materials cost + Direct Labor cost + Overhead Cost
= $30,000 + $16,000 + $20,800
= $66,800
