Answer:
The opportunity cost is the income earned from her balance on savings account at the interest rate of 3% per year that Reece would received if she had not opened her owned brewery business. This opportunity cost is $600 per year.
Explanation:
Please find the below for further explanation and calculations:
The opportunity cost per one year = Income earned on saving account per one year = 20,000 x 3% = $600;
The reason why it is an opportunity cost is because as a result of opening brewery business, Reece sacrifices the income earned on this saving, instead, she contributes the saving fund to her brewery business.
To convey his best wishes to Jonathan for a meeting scheduled later in the day, the business document that would be most appropriate in this scenario would be an email.
Answer:
Dr Factory overhead $73,000
Cr Factory wages payable $73,000
Being cost of indirect labor for the month
Explanation:
The factory overhead cost account needs be debited because the cost is an indirect cost of production, this is also due to the fact that the transaction is an increase in expense as increase in expense account is automatically a debit entry.
The corresponding entry was credited to factory wages payable as the amount is owed to factory workers,as a result it remains in payable account until it is eventually settled in cash which would mean the cash account is credited and the factory wages payable account is debited.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
1 Pound T-bone:
Selling price ($7.95 per pound) $ 7.95
Joint costs= $3.80
Profit per pound $ 4.15
Further process:
It costs $0.55 to further process one T-bone steak.
6-ounce filet mignon and one 8-ounce New York cut.
The filet mignon can be sold for $12.00 per pound, and the New York cut can be sold for $8.80 per pound.
A) Filet mignon: $12.00 pound
1 ounce= 16 ounce
0.375= 6 ounce
Price= 0.375*12= $4.5
New York cut= $8.80 a pound
Price= 0.5*8.80= $4.4
Sales= 4.5+4.4= $8.9
Costs= 3.80 + 0.55= 4.35
Profit= $4.55
B) It is more profitable to further process the T-bone stake by $0.40.
<span>Answer:
E(R) = 3.80 + .88(9.60 - 3.80) = 8.90 percent</span>
