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antiseptic1488 [7]
2 years ago
6

Answer the question on the basis of the following information for four highway programs of increasing scope. All figures are in

millions of dollars.
Program Total Cost Total Benefit
A $2 $9
B 6 16
C 12 21
D 20 23

The data indicate that: ____________

a. program D is optimal because it maximizes the total benefit.
b. the marginal cost and marginal benefit of Program A are $2 and $9, respectively.
c. there is no highway program that is economically justifiable on the basis of cost-benefit analysis.
d. the marginal cost and marginal benefit of Program C are $12 and $21, respectively.
Business
1 answer:
Kipish [7]2 years ago
7 0

Based on the information provided, the program which maximizes total benefit is option B with a total cost of 6 and a total benefit of 10.

<h3 /><h3>What is Cost-Benefit Analysis?</h3>

This refers to the process of comparing the costs and benefits of various programs in order to select the one with the most value and or benefit based on the total cost to the individual, business, or country.

Subtracting the cost from the benefits, in the data above, the program which yields the highest is B. Hence B is the correct answer.

Please see the link below for more about Cost-Benefit Analysis:

brainly.com/question/199821

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LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.7 hours of direct labor at the r
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Answer:

$ 2,829,276

Explanation:

The budgeted direct labour cost is going to be based on the budgeted production units.

Production budget = sales budget + closing inventory -opening inventory

Production budget = 46,000  - 140 + 580 = 45,560

Labour budget = Production budget× hours per unit

                        =  45,560× 2.7 hrs × $23

                       =   $ 2,829,276

6 0
2 years ago
An entrepreneur founded his company using $200,000 of his own money, issuing himself 200,000 shares of stock. An angel investor
nikitadnepr [17]

Answer:

the post money valuation of the company is $1,750,000

Explanation:

The computation of the post money valuation is shown below:

Given that

Value of 400,000 shares is  $1 million.

So,

The Value of 1 share is

= $1 million ÷ 400,000

= $2.5

And,  

Total number of shares is

= 400,000 + 200,000 + 100,000

= 700,000

Now  

Total value of shares is

= $2.5 × 700,000

= $1,750,000

hence, the post money valuation of the company is $1,750,000

6 0
2 years ago
During 2004, ABC Company had $750,000 of net credit sales. Accounts Receivable had a December 31, 2004, balance of $250,000.
eimsori [14]

Answer:

c. $24,500

Explanation:

The allowance for doubtful accounts is a contra-asset account that records the amount of receivables expected to be uncollectiblea, makes a reduction of the total amount of accounts receivable appearing on a company’s balance sheet. There are two way to estimate uncollectible accounts: the percentage of sales method and the accounts receivable aging method.

ABC Company uses the percentage of sales method - application a flat percentage to the total amount of net credit sales for the period.

Estimated uncollectible = 3% x $750,000 = $22,500

The company establishes an allowance for doubtful accounts for $22,500 while simultaneously reporting $22,500 in bad debt expense.

Before adjusting on December 31, 2004, the Allowance for Doubtful Accounts had a credit balance of $2,000.

The balance in the allowance for doubtful accounts after adjustment is $22,500 + $2,000 = $24,500

8 0
2 years ago
12. Charlotte was not hungry that morning, so she just had a smidgen of cake at the office birthday party.
OLEGan [10]
The answer is C because smidgen means a small amount, and if she was not hungry then she would have only had a little bit.
6 0
3 years ago
A local government operates on a calendar-year basis. Prepare journal entries to record the following transactions and events fo
sergeinik [125]

Answer:

Feb. 1     DR Cash                                                 $400,000

                  CR Tax anticipation notes                                     $400,000

Dec 31   DR Expenditures - Interest                       $3,666.67

                    CR Accrued Interest Payable                               $3,666.67                  

Working

February to December = 11 months

Interest = 400,000 * 1.0% * 11/12 months = $3,666.67

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                     CR Cash                                                                  $100,000

Sept. 30   DR Cash                                                    $50,200

                      CR Investments                                                        $50,000

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Working

Interest Income = 50,000 * 0.8% * 6/12 months

= $200

3 0
2 years ago
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