All categories

2 years ago

The concept of opportunity cost would no longer be relevant if.

Business

2 answers:

oksano4ka [1.4K]2 years ago

6 0

Answer:

when an economy producing two goods is operating efficiently and at full employment

Anastaziya [24]2 years ago

5 0

Answers
What’s the question you didn’t show a picture
Explanation

You might be interested in

Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the union bank has no excess reserves. if

ahrayia [7]

The answer is 40,000

3 0

3 years ago

Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70

yan [13]

Answer:

correct option is a. $1,700 over head applied

Explanation:

given data

overhead = $700,000

machine hours = 200,000

direct labor hours = 35,000

Feb, direct labor hours = 5,000

Feb, machine hours = 10,000

Feb, actual overhead = $98,300

solution

we know overhead rate that is

overhead rate = $\frac{Budget overhead}{allocation base}$

overhead rate = $\frac{700000}{35000}$

overhead rate = $20 per hours

and in Feb for 5000 direct labor hour

overhead = 5000 × $20 = $100,000

over head applied = $100,000 - $98300

over head applied = $1700

so correct option is a. $1,700 over head applied

8 0

3 years ago

What is another term for the buying and selling of stocks?

LuckyWell [14K]

Answer:

Trading

Explanation:

Buying and selling stocks is another term for trading because it is a system of "give and get"

3 0

3 years ago

The SCOR model looks at a firmâ€™s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as

Tpy6a [65]

Answer:

Source processes

Explanation:

The SCOR model looks at a firm´s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as being structured around five core management processes including <u>Source processes</u> which are processes that procure goods and services to meet planned or actual demand.

Supply chain operations reference (SCOR): It is a strategic planning tool that helps in identifying, improving and communicating supply chain management decisions within the company. It is a continuous improvement process and establishing a benchmark for the industry. It also works to develop a business process for satisfying customer´s demand. SCOR is based on five management process:

Plan
Sources.
Make.
Deliver.
Return.

Source process: This process of supply chain management is defined as steps to procure goods and services to meet the requirement for infrastructural arrangements.

8 0

3 years ago

The Balance Sheet, the Statement of Cash Flows, and the ______________ are three key financial statements prepared by accountant

zaharov [31]

Answer:

The income statement

Explanation:

The income statement is the document prepared accountants showing the earning of a company at the end of a financial year. The income statement is the profit and loss statement. It tells the business owners and other stakeholders how much profits the business has made. The income statement communicates vital information regarding business performance, such as total revenues, gross profits, and net expenses.

The income statement does not give all the business the information. Accountants will also prepare the balance sheet. A balance sheet shows the assets and liabilities of the business.

A cash flow statement is also prepared. It shows how much cash is available to pay bills, salaries, and debts.

3 0

3 years ago