During the direst part of the Great Depression, approximately ______ percent of the nation's workers was unemployed.

Joe sold gold coins for $1000 that he bought a year ago for $1000. He says, "At least I didn't lose any money on my financial in

Sav [38]

Answer:

TRUE

Explanation:

Opportunity cost refers to those costs that can help us save more money. When we move from one investment to another, then the additional income from the other investment is called opportunity cost.

In this case, if Joe chooses Invest in a bank deposit in the place of Gold coins, he can enjoy 3% more return at the place of no profit and loss, so Joe had loss his 3% opportunity cost.

8 0

4 years ago

Wang Company began operations on January 1, 2018, by issuing common stock for $70,000 cash. During 2018, Wang received $88,000 c

posledela

Answer:

Wang Company

Statement of financial position

Equity and liabilities

Issued share capital $70,000

Retained earnings $45,000

115,000

Assets

Non-Current assets

Fixed assets $22,000

Current assets

Cash in hand $93,000

$115,000

Wang company

Income statement

Net sales $88,000

Cost of sales $38,000

Gross margin $50,000

Less:admin expenses $5,000

Net Profit $45,0000

3 0

3 years ago

Damon Industries manufactures 20,000 components per year. The manufacturing cost of the components was determined as follows:

Shkiper50 [21]

Answer:

d. a $10,000 decrease.

Explanation:

The computation of the impact on the income is given below:

In case of making the product

= Direct material + direct labor + variable manufacturing overhead + rented

= $100,000 + $160,000 + $60,000 + $10,000

= $330,000

And, in case of buying the product

= 20,000 × $17

= $340,000

So there is a decrease of $10,000

8 0

3 years ago

Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric gui

sergij07 [2.7K]

Answer and Explanation:

1. The preparation of the department contribution report is presented below:

WHOLESALE GUITARS

Income statement showing Departmental contribution to overhead

For year Ended December 31,2015

Particulars Acoustic Dept Electric Dept Combined

Sales $112,500 $105,500 $218,000

Less : Cost of Goods sold

-$55,675 -$66,750 -$122,425

Gross Profit $56,825 $38,750 $95,575

Direct Expenses

Depreciation Expenses - Equipment $10,150 $9,000 $19,150

Salaries Expenses $17,300 $13,500 $30,800

Supplies Expenses $2,030 $1,700 $3,730

Total Direct Expenses $29,480 $24,200 $53,680

Indirect Expenses

Advertising Expenses $14,325 ($8,075 + $6,250)

Rent Expenses $12,055 ($6,105 + $5,950)

Utilities Expenses $5,595 ($3,045 + $2,550)

Total indirect Expenses $31,975

Net Income $27,345 $14,550 $9,920

2. As we can see that there is a loss so electric should not be eliminated

7 0

3 years ago

Performance of which activities are most likely to improve in front of an audience?

Firlakuza [10]

<span>Well practiced activities are most likely to improve when performed in front of an audience. On the flip side, if an activity is ill-practiced, the performer is more likely to flub the performance. But practice enhances performance, and so anyone wanting to demonstrate a good show of something should practice it intently beforehand.</span>

7 0

3 years ago