Answer: Option E
Explanation: A perfectly competitive company is known as a price-taker, because the competition of competing firms causes them to embrace the prevailing market price of equilibrium.
If a company raises the price of its product by as much as a penny in a perfectly competitive structure,then it will lose all of its sales to other firms. In such structures the prices are determined by the marker forces of demand and supply.
Hence from the above we can conclude that the correct option is E.
The transition to middle, junior high, or high school generally involves a shift from a smaller neighbourhood elementary school to a school that more impersonal setting
Explanation:
For addition, the transfer involves a move to a bigger, impersonal environment from a smaller, elementary school community. The adjustment also comes with a reduction for grades and a fall in self-esteem.
But, in the last year (just to put a limit) and the secondary school.
The children turn on travellers who set sail from each island of their youth, playing games that were little more than sports, and not much more than spoken about their eventual doom or adaptation.
Answer:
The amount of factory overhead to be allocated to each unit using direct labor hours.
Handbag = $4.3 / unit
Moccasins = $2.55 / unit
Explanation:
Predetermined Overheads rate
Cutting = 80,000 / 100,000 = $0.8 / labor hour
Sewing = 280,000 / 160,000 = $1.75 / labor hour
Overheads Allocation
Handbag
Cutting = 1 x 0.8 = $0.8
Sewing = 2 x 1.75 = $3.5
Total Per unit overhead allocation = 0.8+3.5 = $4.3 / unit
Moccasins
Cutting = 1 x 0.8 = $0.8
Sewing = 1 x 1.75 = $1.75
Total Per unit overhead allocation = 0.8+1.75 = $2.55 / unit
Answer:
the next best alternative bundle of goods and services that could be provided.
Explanation:
Opportunity cost can be described as the cost of what was given up in order to carry out a particular activity. It is the next best alternative bundle of goods and services that could be provided. It is also known as implicit cost and it is used in calculating economic profit.
Economic profit = Accounting profit - Opportunity cost
The monetary cost expressed in reals (Brazilian currency) is the explicit cost.
Explicit cost is the actual cost incurred in carrying out an activity.
Accounting profit = Total revenue - Explicit cost
I hope my answer helps you
Answer:
8 years
Explanation:
Given: Cost of new machine= $500000.
Annual cash inflow= $100000.
Annual cash outflow= $37500.
First, we will calculate annual payback or cash inflow.
Annual payback= 
∴Annual payback= 
Now computing cash payback period.
Cash payback period= 
Cash payback period= 
∴ Cash payback period is 8 years.
When payback period is short then investment is more attractive.
