Hamby corporation is preparing a bid for a special order that would require 780 liters of material w34c. the company already has 640 liters of this raw material in stock that originally cost $8.30 per liter. material w34c is used in the company's main product and is replenished on a periodic basis. the resale value of the existing stock of the material is $7.60 per liter. new stocks of the material can be readily purchased for $8.35 per liter. what is the relevant cost of the 780 liters of the raw material when deciding how much to bid on the special order?

What is credit and debit in accounting

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.