Answer:
Rational Choice Theory
Explanation:
The philosophy of rational choice is predicated on the idea of optimizing the human benefit for personality-interest.
In this Situation, Mike confused between nursing and other career options will studying, mike uses Rational Choice Theory , between better pay Options and long working hours.
This theory also reflects a high demand for human benefit over the good payoff.
Answer:
$7,999.54
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
To correctly adjust the book balance, items recognized in the bank statement that are yet to be recorded in the books are done.
The adjusted balance
= $5,559.10 + $499.88 + $1,256.45 + $750.99 - $66.88
= $7,999.54
Answer:
The correct answer is option A.
Explanation:
In an oligopoly market there are a small number of firms, who are interdependent on each other. The price and output of each firm affects the other firms. There is high degree of competition.
In this situation, producer's agreement to restrict output tends to be unstable. Each firms wants to earn more profits. Profits can be increased by reducing costs and increasing revenue.
So, each firm will have an incentive to produce more than its output quota, in order to earn higher profits.
Answer:
Agency Broker
Explanation:
An agency broker handle the demonstrations to the greatest advantage of its customers. An organization dealer has a duty to locate the best execution for its customers. For instance, an organization specialist may endeavor to take care of customer orders at the most reduced cost or as fast as would be prudent. An intermediary acting in a seller limit doesn't have a duty to the customer setting the exchange.
Answer:
Mercer Asbestos should define the Cost Drivers first before introducing the Activity Based Costing System, cost drivers actually help the compnay to measure the cost per unit based on the contribution / impact of eac activity that had direct relation with the cost.
Explanation:
Estimator should define the cost drivers such as labor, factory overhead indicators and which has impact on the performance activity of both routine and non routine works.
Possible cost drivers for the below activities can be;
- Removal of asbestos insulation around heating pipes in older homes. Likely cost drivers can be ( Direct Labor Hours Involved in the activity, Other indirect manpower hours dedicated for the activity)
- Removal of asbestos-contaminated ceiling plaster in industrial buildings. Likely cost drivers can be ( Total covered area where contaminated ceiling plaster is present, Supervisors and other manpower involved in the activity).
Once the drivers have been defined cost/unit based on ABC system will help the decision makers such as Cost Planners to quote the accurate selling price to cover the profit margin.