Resources is referred to as the available asset that can be used for
further purposes may it be for business or consumption. This is what
determines the balance between the production and consumption for
without these, production would not be possible and if nothing is
produced, nothing would also be consumed. Resources come in different
forms and each has its own availability. Answer for this would be C.
Answer:
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Answer:
(A) people would want to lend more, making the supply of loanable funds increase
Explanation:
When interest rate rises, people with loanable funds are incentivized by the higher rate of interest to lend more as lending gives then a relatively better rate of return (in the form of interest rates) that earlier periods when interest rates was lower. As such, they tend to lend more, resulting in an increase in the supply of loanable funds.
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Answer:
D) is used exclusively in manufacturing
Explanation:
- As the processing costs are directly related to the direct and the indirect costs of the manufacturing processes. These costs are usually assigned to large scale batch processings and assigned to every individual cost of each unit. Assigned when the company processes huge homogeneous products.
<u>Thus has the following four steps</u>:
1. Summarize the flow of all physical units of the output.
2. Compute the output in the terms of the equivalent units.
3. Summarize total costs to the account for and the Compute equivalent unit of costs.
4. Assign total costs to the units completed and to the units in ending work in the process inventory.
