The government is the one responsible in regulating the monopolies in order to protect the consumers' interests. They can grant a patent or a public franchise to a company making them the exclusive and legal producer of a certain goods and/or services.
Answer:
2,700 units
Explanation:
Given that,
Packaging Department started the month = 400 units in process that were 70% complete
Received units from Cutting Department = 2,500 units
Units in process at the end of the period that are 40% complete = 200
Units completed and transferred:
= Beginning work in process inventory + Units received - Ending work in process inventory
= 400 units + 2,500 units - 200 units
= 2,700 units
The correct answer is A. A surplus budget means that you receive more than you expected to spend
Answer:
d. ensures managers always make good decisions.
Explanation:
Managerial economics is the study of the economics theory with accounting managerial scope to ensure the decision taken are as required within the business practices. It helps managers to solve accounting problems and make decision using economic theory and laws.
It provides a basis to solve and give the best solutions at all times even under constraints or in the time of scarcity. It uses quantitative methods and statistical tools to get better result oriented strategies.
Answer:
Mineral's right is a profit.
Explanation:
- Profit would be the proportion of net income which always significantly increases the expenditure for the time frame.
- In other phrases, this same amount of income decided to leave over even after all the appropriate and sometimes even matched perfectly expenses incurred have been rounded down again for the duration.