Answer: True
Explanation:
As a result of the Accrual principle in accounting, transactions need to be recorded in the period that they occur in and not in the period they are paid for in.
The interest in Year 1 was incurred in year 1 and so will need to be recorded in year 1 for the period from issuance of the note to the last day of the accounting period.
This means that if the last day of the accounting period is December 31st, the interest for year 1 would have to be accrued from September to December of year 1 and recorded as year 1 interest.
Answer: Direct materials.
Explanation:
Product cost us referred to as a cost that used to incur production and used to make a particular product. The product cost. The product costs are made up of the direct labor, the direct materials, factory overhead and the production supplies.
Of the options given, the one that'll be considered a product cost for the manager's company will be Direct materials.
This is True!
I mean how else are people going to survive? If the population grows, then the country should try to grow to fit its needs.
Answer:
A. A positive sum game
Explanation:
A postive-sum game is a form of game theory whereby the total of gains and losses is greater than zero. The comparative advantage theory by David Ricardo discusses why it is important for countries to specialize in the production of goods and services they have lower opportunity cost in producing and to trade for what they don't produce. This is considered a positive sum of game because countries engaging in comparative advantage wins at no one's expenses. It is mutually beneficial to all party involved.
<span>The average working man has an average of 30 minutes more leisure time each day in comparison with the average working woman.
Note: The answer is as per Pew Research Center.
Grammatically, we can also simply write " more " in blank in stead of giving a quantitative explanation.</span>
