Jerome could be taking inventory. This process ensures that the business has the raw goods it needs to operate.
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
credit to mohammedalm2
Answer:
The best batch size for this item is 400 units.
Explanation:
As given Annual demand (D)=1000 units, Carrying cost (H)=$10 per unit, set up cost (S)=$400.
As per the production order model formula will be:
\sqrt{2}D*S/H[1-d/p]} .
d for week=1000/50
=20. p per day
=40 units/7 days.
=5.71
d per day = 20/7
=2.85
Therefore on applying all these:\sqrt{}2*1000*400/10[1-2.85/5.7.
on solving this we will get 400 Units
Therefore, The best batch size for this item is 400 units.
Answer:
the correct answer is "opportunity cost".
the opportunity cost here means the cost of the next best opportunity lost because of spending time at work, this could be 8 hours, 10 hours at work, etc.
the underline point here is that when someone works for, lets say, 8 hours, he or she could have done something else that they enjoy and brings value to them and their family.
but since they are working, they can not engage in that activity. because of this, we call it the opportunity cost! simple right?
Explanation:
Answer:
Option (a) is correct.
Explanation:
Given that,
Explicit costs = $10,000
Here, the implicit cost is the cost of sacrificing money income from job:
= $10 per hour × 8 hours a day × 30 days
= $2,400
Revenues:
= Items produced in a day × Selling price of each × 30 days
= 50 × $10 × 30
= $15,000
Therefore,
Economic profit for the month:
= Revenues - Explicit costs - Implicit cost
= $15,000 - $10,000 - $2,400
= $2,600
