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DENIUS [597]
3 years ago
8

Product costs are expensed when they are incurred. This statement is.

Business
1 answer:
lord [1]3 years ago
5 0

The statement that product costs are expensed when they are incurred is <u>False.</u>

<u></u>

<h3>What are product costs?</h3>

In managerial accounting, product cost is any expense associated with the creation of a product, whether direct or indirect.

The expenses of product costs are:

  • Direct materials,
  • Direct labor, and
  • Manufacturing overhead.

These costs are not expensed till the product is completely sold, then they are displayed on the income statement as the cost of goods sold.

Therefore, we can conclude that product costs are expensed when inventory is sold to customers.

Learn more about product cost here:

brainly.com/question/25790940

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If a country espouses the principles of capitalism, but does allow the government to pass legislation that regulates
Stels [109]

Answer:

modified capitalism.

Explanation:

Capitalism is defined as an economic and political structure where factors of production are controlled by private individuals aimed at gaining profit. The state does not have control of trade and industry.

However in modified capitalism the government has some level of control which they exercise by regulating business activities to some extent.

On the other hand in pure capitalism all decisions related to trade and industry are determined by only private entities

5 0
3 years ago
If an international firm has a multidomestic strategy and a relatively high level of product diversity, the best choice for its
natali 33 [55]

If an international firm has a multi domestic strategy and a relatively high level of product diversity, the best choice for its organizational structure is a(n) worldwide matrix structure.

Despite having their headquarters abroad and having profit centres in other locations, international companies nonetheless keep sizable interests there. US laws often govern parent company operations and governance, and GAAP is typically followed in parent company accounting.

Apple. In the 1970s, Steve Jobs, Steve Wozniak, and Ronald Wayne formed Apple Inc., which is now regarded as one of the most significant International corporations. Apple is a global manufacturer, developer, and retailer of software, streaming, and online services with headquarters in the US.

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#SPJ4

3 0
2 years ago
If the inflation rate was 3.40% and the nominal interest rate was 5.60% over the last year, what was the real rate of interest o
DiKsa [7]

Answer:

2.1276%

Explanation:

\ $Real Rate$  =   \frac{1+nominal}{1+inflation}  - 1

1.056/1.034 -1 = 0,021276595744681  rounding to 4 decimal places:

2.1277%

<u>The reasoning behind this formula is the following:</u>

there is a rate that generate the combine effect of the nominal and the inflation rate

Principal (1+real rate)  = Principal x (1+nominal) / (1+ inflation)

removing the principal for clearence:

1+real rate =(1+nominal) x (1+ inflation)

real rate = (1+nominal) x (1+ inflation)  - 1

4 0
3 years ago
U.S. citizens pay $3 billion more annually for shoes and Japanese citizens pay $6 billion more for rice than the actual cost of
mihalych1998 [28]

U.S. citizens pay $5 billion more annually because both countries have imposed tariffs on imported goods to protect their domestic markets.

<h3>What is tariff?</h3>

A tariff simply means a tax imposed by a government of a country on imports or exports of goods.

In this case, U.S. citizens pay $3 billion more annually for shoes and Japanese citizens pay $6 billion more for rice than the actual cost of the products because both countries have imposed tariffs on imported goods to protect their domestic markets.

Learn more about tariffs on:

brainly.com/question/1076049

4 0
3 years ago
Donuts or Doughnuts: Homer's bakery in Brooklyn has the following short run production function for donuts: where q measures the
ella [17]

Answer:

do you have a picture of a graph

Explanation:

6 0
3 years ago
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