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2 years ago

Explain the opportunity cost of working on a farm.

Business

1 answer:

Liula [17]2 years ago

8 0

Answer:

Opportunity cost is a useful concept when considering alternative places for using your resources and assets. ... If he/she farms the land, the opportunity cost is the income foregone by not renting it to a neighbor.

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Douglas Company issued 5-year bonds on January 1. The 12% bonds have a face value of $35,000,000 and pay interest every January

Blababa [14]

Answer:

Given:

12% bonds have a face value of $35,000,000

Bonds sold for $37,702,483 based on the market interest rate of 10%.

∴

The interest expense on July 1 can be computed as

Interest expense = Bonds sold × Effective market interest rate ( $\frac{10}{2}$ = 5%)

= $37,702,483 × .05 (1/2 of the effective interest rate)

= $1,885,124

⇒ The interest expense on July 1 is $1,885,124

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3 years ago

Which amount does not change during the period and is added to purchases when computing the cost of goods available for sale?

Alex Ar [27]

Hello
the best answer is c

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3 years ago

Read 2 more answers

The reasons why a company opts to expand outside its home market include all of the following EXCEPT:

hram777 [196]

Answer:

E. identifying resources and capabilities in the company's home market.

Explanation:

Expanding into international markets gives a company access to new markets, thereby increases the number of its customers. The company will have to increase its production to cater to a large number of customers. Bulk production results in the company enjoying economies of scale.

For a company to enjoy to consider international markets, it must have already identified its capabilities in the domestic market. The reason for seeking foreign markets if to fully exploits its existing capabilities and resources. Expanding to international markets involves building on the already identified resources and abilities.

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3 years ago

Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The

Nina [5.8K]

Answer:

The selling price for a unit in Job X455 is closest to a. $379.92

Explanation:

stimated total manufacturing overhead cost = Estimated total fixed manufacturing overhead cost + (Estimated variable overhead cost per unit of the allocation base × Estimated total amount of the allocation base)

= $358,400 + ($2.30 per machine-hour × 56,000 machine-hours)

= $358,400 + $128,800 = $487,200.

Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base

= $487,200 ÷ 56,000 machine-hours = $8.7 per machine-hour.

Overhead applied to a particular job

= Predetermined overhead rate × Amount of the allocation base incurred by the job

= $8.7 per machine-hour × 80 machine-hours = $696

Direct materials $810

Direct labor cost $1,620

Manufacturing overhead applied $696

Total cost of Job X455 (a) $3,126

Number of units (b) 10

Unit product cost (a) ÷ (b) $312.6

Markup (20% × $312.6) $62.52

Selling price $375.12

6 0

4 years ago

Malden corporation has assets of $1,000,000 and liabilities of $400,000. What is its stockholder equity balance?

Mumz [18]

$600,00 is the Stakeholder Equity Balance.

Stakeholder Equity Balance = Total Assets - Total Liabilities

= $1,000,000 - $400,000

= $600,000

<h3>What is Stakeholder Equity?</h3>

The balance sheet account for stockholders' equity, sometimes referred to as shareholders equity is made up of share capital plus retained earnings. It also symbolizes the difference between the value of assets and obligations. Assets = Liabilities + Stockholders Equity is the original accounting formula, however, it can also be written as

Stockholders Equity = Assets - Liabilities.

Components of the stakeholder Equity are:

Share Capital is the term used to describe funds that the reporting company receives from transactions with its owners.

Retained Earnings are income-derived quantities also known as Accumulated Other Comprehensive Income and Retained Earnings (for IFRS only).

Dividends and Net Income: Dividend payments lower retained profits while net income increases them.

Therefore, $600,000 is the stakeholder equity balance.

For more information on Stakeholder Equity balance, refer to the given link:

brainly.com/question/24601429

#SPJ4

5 0

1 year ago

Explain the opportunity cost of working on a farm. ​

Explain the opportunity cost of working on a farm.