Answer:
Equivalent Units of Production :
(1) Materials = 298000
(2) Conversion Costs = 284400
(3) Total = 582400
Explanation:
The Concept of Equivalent Units entails identifying number of completed units in terms of their completion % in the input component or process.
<em>Step 1 : Determine Units Completed and Transferred to Finished Goods</em>
<em>Units in Process = Units Output</em>
Units In Process 298000
Less Closing Work In Process 34000
Completed and Transferred 264000 (Balancing figure)
<em>Step 1 : Determine Equivalent Units for each input component</em>
Materials:
Completed and Transferred 100% = 264000×100%= 264000
Closing Work In process 100% = 34000×100%= 34000
Total = 298000
Conversion Costs:
Completed and Transferred 100% = 264000×100%=264000
Closing Work In process 60%=34000×60%=20400
Total =284400
Answer:
Option (D) is correct.
Explanation:
Asymmetric information occurs in a situation in which one of the two parties involved in a particular transaction have more information than the other party. This problem mostly occurs in a health insurance market where the a person to be insured have more information about his health than the insurance company.
Asymmetric information will result in two problems are as follows:
(i) Adverse selection
(ii) Moral hazard
Answer:
observation
Explanation:
Based on the information provided within the question it can be said that in this scenario Bianca will most likely use observation. That is because the best way of gathering this information is to observe each customer as they walk out of the store and see which store they go into next. This information can be written down and reviewed later.
This "lessens" rivalry, since buyers become "less" price-sensitive.
Price sensitivity is how much the cost of an item influences customers' buying practices. In financial matters, price sensitivity is usually estimated utilizing the price elasticity of demand. For instance, a few buyers are not willing to pay even a couple of additional pennies per gallon for gas, particularly if a lower-valued station is adjacent.
Answer:
23.15 million
Explanation:
3.6 million acquistion of land cost is a sunk cost
4.1 million of land value is a opportunity cost
18.1 million and 950000 are intial costs
cash flow amount to use as initial investment
= 4.1 million + 18.1 million + 950000
= 23.15 million
