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
Answer: Option C
Explanation: In simple words, telecommuting refers to the arrangement in which an employee of the organisation performer his or her job activities right from his or her home without going to a specified work place.
This is a modern times business technique which is used by organisations to save their costs like rent and travelling allowance to employees that they have to bear. Such arrangement is generally made for the jobs that requires no client dealings and have specified targets set.
Thus, from the above we can conclude that the company should go for telecommuting as it will save the man hours.
Answer:
$664,000
Explanation:
The computation of the budgeted total manufacturing cost is shown below:
Budgeted total manufacturing costs is
= Fixed cost + Variable cost
= $24,000 + ($16 × 40,000 linear feet of block)
= $24,000 + $640,000
= $664,000
We simply added the fixed cost and the variable cost so that the total budgeted manufacturing cost could come
Answer:
The invoice price for the bond is $1,060.38
Explanation:
Given the following:
PV= Par value = $1,000
,
CV= Clean Price = $1,049
Coupon Rate per annum = 6.83%
To calculate the Semiannual Coupon Rate= Coupon Rate per annum/2= 3.415%
To calculate Semiannual Coupon= Semiannual Coupon Rate*PV
= 3.415% * $1,000 = $34.15
With an interest accured over 2 months, we calculate it thus:
Accrued Interest = $34.15 * 2/6
= $11.38
To calculate Invoice price:
Invoice Price = CP + Accrued Interest
Invoice Price = $1,049.00 + $11.38
Invoice Price = $1,060.38
Answer:
Increased responsibility for corporate officers
Explanation:
A review of eight thousand public companies, on the study of the impact of the Sarbanes-Oxley Act (SOX) of 2002 revealed that <u>SOX increased directors' workload and risk, and increased demand by mandating that firms have more outside directors. </u>
It was also revealed that both broad-based changes and cross-sectional changes (by firm size) occurred <u>because Board committees meet more often post-SOX</u> and Director and Officer insurance premiums have doubled.
