Answer:
The answer is: the <u>supply of</u> sugar to <u>decrease</u> and its price to <u>increase</u>.
Explanation:
Factories that process sugarcane have to decide what quantities will they produce of sugar and ethanol. If they produce sugar, they can'y produce ethanol, and vice versa.
So when the price of ethanol increases, sugarcane factories will increase the quantity supplied of ethanol, therefore reducing the quantity supplied of sugar. Since the quantity supplied of sugar decrease by external factors not related to its demand, then the price of sugar will increase since the quantity demanded will be more than the quantity supplied.
Answer:
The answer is: $40,000
Explanation:
Chris's opportunity cost of working as a consultant instead of working as a business manager (her old job) is $40,000. So in order for Chris to earn normal profit, the difference between his revenue and his combined explicit (e.g. rent, assistant's salary) and implicit costs (opportunity cost) is zero.
Answer:
- Melba's adjusted basis for the land at the Acquisition date is $625000
- Melba's adjusted basis for the land one year later is $645000
Explanation:
The adjusted basis for a property/land is the net cost of the property after adjusting for factors that might attract tax as related to the land
The adjusted basis for the land at the acquisition date is the net cost of the land at the acquisition date which will be ( $225000 + $400000 ) because that was the net cost of the Land at the date of acquisition before an agreement was later reached by Melba requiring him to pay $400000 plus an interest of 5%
Hence the adjusted basis for the land one year later will be
= ( $225000 + $400000 ) + 5% of $400000
= ( $625000 ) + $20000
= $645000
The <span>amount of direct labor should Regan charge to work-in-process is the wages at base direct-labor rates, which is $325,000.00. Shift Differentials and Overtime Premiums are not included,</span>
Answer: The manufacturing overhead over applied by $6,600.
Explanation:
Given that,
Manufacturing Overhead from last year’s books at Sharp Manufacturing:
(b) 22,600
(c) 26,600
(d) 157,200
(e) 213,000
Actual manufacturing overhead = b + c + d
= 22,600 + 26,600 + 157,200
= $206,400
Manufacturing Overhead applied = e = $213,000
Manufacturing overhead applied is $213,000 but actual manufacturing overhead is $206,400
Hence,
Manufacturing overhead over applied by:
= Manufacturing Overhead applied - Actual manufacturing overhead
= $213,000 - $206,400
= $6,600
Therefore, the manufacturing overhead over applied by $6,600.
