In general, there are four categories of real or opportunity costs incurred by shareholders designed to prevent, mitigate, or correct management–shareholder agency conflicts. they are: 1. expenditures to minimize management’s desire to act contrary to the best interests of shareholders 2. expenditures to monitor management’s activities 3. expenditures to provide a bond against management dishonesty 4. the opportunity cost of lost profits consider the following situation and identify both the category of the expenditure and the best device that might be used to prevent, reduce, or correct the agency conflict: a firm’s president and management team are all buddies and run the organization to make the president look good in the wall street journal.

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk