Answer:
True
Explanation:
The given statement is true as the process operations refer to the bulk production of the large quantities produced that contain similar products or identical products. Moreover, the goods are produced in a continuous flow. This is mostly done by the manufactures as they generally accepted the bulk or mass quantities of product
Services are actions that you purchase for someone to do for someone else. Basic examples of services are tutoring, hair cuts, car repairs, medical appointments, cleaning service, tech support.
Goods are tangible items that can be physically owned while most services are intangible.
Answer:
No, Loni should not take the loan and build the app.
Explanation:
If she borrows $87,000 to build the app, at the end of the year she will have to pay $87,000 x (1+0.15) = 100,050 in principal and interest to the bank.
After selling the app she will get 99,000 - 100,050 = $1,050.
In other words, she will be making a loss.
Answer:
$33,540,000
Explanation:
initial investment:
- opportunity cost of land (resale price of land) = $10,700,000
- building cost of the facilities = $21,900,000
- other expenses related to the site (grading) = $940,000
- total $33,540,000
The purchase cost of the land is considered a sunk costs, since it is not relevant now. What is relevant is the price at which the land could be sold at the moment of starting the project.
The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.
<h3>What is the objective of variance?</h3>
Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.
To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.
Therefore, the statement is True.
Learn more about Variance, here:
brainly.com/question/16269880
#SPJ1