The correct answer is the
Federal Trade Commission
:)
b. Supplier B
c. Supplier C
d. Cannot be determined
Answer:
Using Total Cost Analysis, it will be more cost-effective to use;
b. Supplier B
Explanation:
Total cost of ownership (TCO) can be defined as the total cost of an asset including the purchase cost and cost of operation of the asset. Assessing the TCO takes a bigger picture analysis of the overall cost of an asset. Most people usually don't consider the operating costs of an asset. This can prove detrimental in the long run when one starts going through unaccounted operation expenses. Unforeseen expenditure can lead to poor credit scores since one did not prepare for them.
When buying an asset, it is imperative to consider the sort-term and long-term costs. The short-term costs are the immediate costs that are often clearly identified in the initial stages. The short-term costs are purchase and transportation costs. The long-term costs are costs that will be incurred with time, over the life of an asset. Examples of long-term costs are; depreciation costs and operations costs.
In our case above, the best option would be Supplier B since it's total cost of ownership is cheaper compared to Supplier A and Supplier C.
Answer:
Money makes it easier to compare prices of different products.
Answer:
C. $3 per hour
Explanation:
Data given in the question
Travelling cost by air = $300
Time taken by air = 6 hours
Ticket cost of bus = $50
Time taken by bus = 56 hours
Now
The additional amount paid for the air travel
= $300 - $150
= $150
And,
Time saved from the Air travel
= 56 hours - 6 hours
= 50 hours
Hence,
The minimum value of one's time
= Additional Cost paid ÷ saving time
= $150 ÷ 50
= $3 per hour
Taxable income is income after exclusions and deductions. The higher the taxable income, the more tax you will pay. Taxable income is usually less than total income.