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denis-greek [22]
2 years ago
11

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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XYZ Company makes one product and has calculated the following amounts for direct labor: AH x AR = $84,000; AH x SR = $83,000; S
Molodets [167]

Based on the various cost rates and hours for XYZ Company, the labor efficiency variance is $2,000 unfavorable

<h3>What is the labor efficiency variance?</h3>

This can be found as:

= (Actual hours x Standard rate) - (Standard hours x Standard rate)

Solving gives:

= 83,000 - 85,000

= $2,000 unfavorable

Find out more on the labor efficiency variance at brainly.com/question/27404735

#SPJ1

5 0
1 year ago
When the effective-interest method of bond discount amortization is used,
SSSSS [86.1K]

Answer: C. interest expense will not be a constant dollar amount over the life of the bond.

Explanation:

When a bond is sold at a discount, the discount will have to be amortized over the life of the bond to ensure that it reaches par at maturity.

As a result, the interest expense will be based on a larger figure every year which would mean that it would have to be larger each time. t will therefore not be a constant dollar amount over the life of the bond.

6 0
3 years ago
Use your knowledge about the advantages of international trade to complete each sentence. International tradeeconomic growth . I
Hoochie [10]

International trade has been significant for the globalization of free trade relations.

Explanation:

International trade has been responsible for the global economic growth in the 20th and 21st century .

International trade is responsible for the specialization of goods for one country which is at the most advantage for making that particular product while being able to import the others they may need

International trade makes it so that the types of goods and services available around the world can reach any other part of the world.

3 0
3 years ago
Read 2 more answers
Consider the following​ alternatives: i. $ 140 received in one year ii. $ 240 received in five years iii. $ 350 received in 10 y
Svetradugi [14.3K]

Answer:

Ranking 10% interest rate:

1) 5 years

2) 10 years

3) 1 year

Raking 2% interest rate:

1) 10 years

2) 5 years

3) 1 year

Raking 18% interest rate:

1) 1 year

2) 5 years

3) 10 years

Explanation:

You have to apply to bring the amount of money to present value, according with the information, the formula is the next:

Present Value = Future Value/((1+ interest rate)^(n))

Where n is the number of years that you have to wait to receive the money.

You have to calculate every situation with the respective amount of time and interest rate, the result must be money. and when you get the 9 results, you have to compare every situation and chose the higher amount of money according to the interest rate, for example:

Present value = 140/ ((1+10%)^(1))=  127    

                       =  140/ ((1+10%)^(5))=   149    

                        =  140/ ((1+10%)^(5))=   135

So the answer for the first scenario with an interest rate of 10% is:  

Ranking 10% interest rate:

1) 5 years

2) 10 years

3) 1 year

5 0
3 years ago
Brian Cartwright is a single taxpayer who itemizes deductions and has no dependents. Since Year 1, Brian has owned a 50% interes
ankoles [38]

Answer:

Following are the solution to the given points:

Explanation:

For point 1:

=\$22500\times 50\%\\\\=\$22500\times \frac{50}{100}\\\\=\$112500

For point 2:

=\$48000\times 50\%\\\\=\$48000\times \frac{50}{100}\\\\=\$24000

For point 3:

=\$5000\times 50\%\\\\=\$5000\times \frac{50}{100}\\\\=\$2500

For point 4:

=\$20000\times 50\%\\\\=\$20000\times \frac{50}{100}\\\\=\$10000

For point 5:

=\$40000\times 50\%\\\\=\$40000\times \frac{50}{100}\\\\=\$20000

For point 6:

=\$3000 \times 50\%\\\\=\$3000 \times \frac{50}{100}\\\\=\$1500

For point 7:

=\$6000\times 50\%\\\\=\$6000\times \frac{50}{100}\\\\=\$3000

For point 8:

=\$1000 \times 50\%\\\\=\$1000 \times \frac{50}{100}\\\\=\$500

8 0
3 years ago
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