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3 years ago

Difine the following 1 operetional cost 2 social cost and 3 complementary goods

Business

1 answer:

Valentin [98]3 years ago

7 0

Answer:

1. expenses related to the operation of a business

2.sum of the private costs resulting from a transaction

3. complementary good is a good whose appeal increases with the popularity of its complement.

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Able Pads, Inc., sells plain white printer paper in a perfectly competitive market. What does its individual demand curve look l

nirvana33 [79]

Answer:

The demand curve will look like a straight line .

Explanation:

Perfect competition is that in which there are large number of buyers and large number of sellers of a commodity and no individual sellers or buyer can control the prices. If the seller try to influence the price then they will loss their buyers as there are many other seller also exist in the market.

Under perfect competition , the firm produce homogeneous product. Both buyers and sellers have full knowledge of the market.

The curve under perfect competition is indicated by horizontal . It shows that a firm can sell any quantity of a product at the prevailing price . And no quantity if they influence the price.

<u>The figure under shows the curve:</u>

3 0

3 years ago

Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of prod

DedPeter [7]

Answer:

Recher Corporation:

a) Financial impact of buying part Q89:

i) Relevant costs for In-house production of part Q89 are the avoidable costs:

Direct materials - $7.60

Direct labour - $4.20

Variable overhead - $8.30

Supervisor's salary $3.20

Avoidable general overhead - $0.81

Avoidable cost = $24.11 per unit

Total = $24.11 x 6,200 = $149,482

ii) Relevant cost of buying outside equals outside price minus additional segment savings = (6,200 x $27) - $15,600 = $151,800

When i) is compared with ii), it shows that it would cost more to buy outside ($151,800) than to produce the part in-house ($149,482).

b) The alternative the company should choose is to produce in-house.

Explanation:

a) The avoidable general overhead of $0.81 was obtained by dividing $5,000 of general overhead by 6,200 units, i.e. $5,000 / 6,200.

b) The depreciation for the special equipment is not included as it is not relevant. It must be incurred no matter the option chosen.

c) The relevant cost of buying the part outside was reduced by $15,600 since this amount would be realized as additional margin with the choice.

d) |n making cost decisions, relevant and avoidable costs are considered. Any cost that will be incurred notwithstanding the choice made is not relevant. Such costs are unavoidable. For example, the depreciation on the equipment.

5 0

3 years ago

To reduce product development time, Caterpillar connected its engineering and manufacturing divisions with its active suppliers,

Sergio [31]

Answer: an extranet

Explanation:

An extranet is a private network that is controlled that gives access to vendors, suppliers, partners, vendors or a group of customers that are authorized.

Therefore, to reduce product development time, Caterpillar connected its engineering and manufacturing divisions with its active suppliers, distributors, overseas factories, and customers, through an extranet.

4 0

2 years ago

The market interest rate related to a bond is also called the Group of answer choices stated interest rate effective interest ra

Naddika [18.5K]

Answer:

Effective Interest Rate

Explanation:

Effective Interest Rate

The market interest rate is the real return on the bonds, or any interest offering investment. It is otherwise known as the effective interest rate. Moreover, there is an inverse relationship between the market interest rate and the value of bonds that means an increase in the market interest rate will result in a decrease in the market values of bonds.

3 0

3 years ago

Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and

garri49 [273]

Answer:

$47439.50

Explanation:

For a single tax payer if your taxable income range is $200,000 - $500,000 then your income tax is $45,689.50 + 35% of amount over $200,000 of taxable income.

Income tax liability = $45689.50+{ 205000-200000)×35%}

$45689.50+(5000×35/100)

$45689.50+(5000×0.35)

$45689.50+1750

= $47439.50

The income tax liability will be $47439.50

5 0

3 years ago

Difine the following 1 operetional cost 2 social cost and 3 complementary goods​

Difine the following 1 operetional cost 2 social cost and 3 complementary goods