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2 years ago

Which of these are examples of opportunity cost?

1 answer:

6 0

Answer: The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources

Explanation:

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_____ is the degree to which a company relies on a provider because of the importance of the provider's product to the company a

ra1l [238]

Answer:

Supplier dependence

Explanation:

When an entity finds itself in a situation where it has to rely on a particular supplier or provider of service for its business operations, either as a result of not being able to get an alternative supplier or the importance of the suppliers product to the entity, such is called supplier dependence.

It is very risky for an entity to depend on a particular source for input. This reverse order of an entity depending on the supplier for business strategy instead of the supplier depending on the entity is not a good business practice.

It’s easy for our own strategy to be determined by what our suppliers are doing. If we become too dependent, we risk having our strategy set by our suppliers rather than having them support our strategy. I’ve been thinking a lot here recently about how much suppliers can direct you

3 0

3 years ago

In the New Economy, people are most rewarded through education and intellectual growth when they spend years studying a broad ar

aliya0001 [1]

Answer:

False

Explanation:

The formal education setting has not been changing at the same rate with the daily changes in business, technology and other socio-economic elements.Therefore people who spend years studying a broad array of subjects in formal educational settings are less likely to be rewarded through education and intellectual growth.

7 0

3 years ago

Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires.

vesna_86 [32]

Answer:

A. National-security argument

Explanation:

The National-security argument is also known as the National-defense argument. The argument proposes the imposition of high tariffs on locally manufactured goods so that the country would not be dependent on other countries for those goods in the event of war. For example, if a country is dependent on other counties for the production of food, then it would be in great danger in the advent of war. Tires that are also used to prepare weapons should be sourced within a country so that in the advent of war, the country would not be dependent on others.

This is the argument employed by the congresswoman who sought the imposition of a tariff on tires so that the United States would not be dependent on other foreign countries during a war.

5 0

3 years ago

Elsanora Corporation reports the year-end information from 2018 as follows: Sales (100,000 units) $500,000 Less: Cost of goods s

Charra [1.4K]

Answer:

Results are below.

Explanation:

Giving the following formula:

Unitary selling price= 500,000/100,000= $5

Operating expenses= $1

Depreciation= $20,000

New selling price= 5*1.1= $5.5

Sales in units= 100,000*0.95= 95,000

COGS rate= 0.62

To calculate the net income, we need to use the following structure:

Sales= 5.5*95,000= 522,500

COGS= 522,500*0.62= (323,950)

Gross profit= 198,550

Operating expenses= (95,000 + 20,000)= (115,000)

Net income= 83,550

6 0

3 years ago

The following data are given for Harry Company:

Anon25 [30]

Question

Kindly note that the original question is not complete. The closest question found similar to the original is given below.

The following data are given for Harry Company:

Budgeted production 1,001 units

Actual production 920 units

Materials:

Standard price per ounce $1.904

Standard ounces per completed unit 10

Actual ounces purchased and used in

production 9,476

Actual price paid for materials $19,426

Labor:

Standard hourly labor rate $14.09 per hour

Standard hours allowed per completed unit 4.3

Actual labor hours worked 4,738

Actual total labor costs $76,993

Overhead:

Actual and budgeted fixed overhead $1,155,000

Standard variable overhead rate $27.00 per standard labor hour

Actual variable overhead costs $132,664

Overhead is applied on standard labor hours.

Determine the labour rate variance.

Answer:

Labour rate variance $10,234.58 unfavorable

Explanation:

The labour rate variance is the difference between the standard labour cost allowed for the actual hours worked and the actual labor cost for the same hours

Actual labour hours = 4,738

4,738 hours should have cost (4,738 × $14.09) = 66,758.42

but did cost (actual cost) 76,993.00

labour rate variance 10,234.58 unfavorable

Labour rate variance $10,234.58 unfavorable

8 0

2 years ago