Answer:
See below
Explanation:
Specialization means a company or country concentrating on producing few commodities. In practice, a state or company will focus on the products it can produce more efficiently. It means focusing on goods they can manufacture at a lower cost compared to other countries.
The USA can specialize in the goods and services it can produce at a lower cost than other nations. It can then export these products to other countries at competitive prices. For products that are costly to manufacture in the USA, it is prudent to import them from countries that can produce them at lower costs.
Some products manufactured in other countries at a lower cost may be sold in the USA at fair prices than when produced in the USA.
Answer:
C. Data – Information – Business Intelligence – Knowledge
Explanation:
This is the correct order to collect and analyze data to make decision
Answer:
125,800
Explanation:
FIRST we check how many materials were used in production
beg raw + purchases = ending raw + used in production
15,200 + 60,000 = 16,600 + used in production
used in production = 58,600
SECOND the cost added during the period for the three main cost components
Raw materials 58,600
DL 42,800
MOH 30,000
cost added during the period 131,400
LASTLY the COGM
Beg WIP + cost added = ending + COGM
22,400 + 131,400 = 28,000 + COGM
COGM = 153,800 - 28,000
COGM = 125,800
Answer:
$14
Explanation:
Fee from customers = $4
Fee from producer = $10
Total Fee income received = 10+4 = $14
$14 should be recognized as income for each Riverdance ticket sold.
Ticket Now has sold the ticket (which is assumed to be nonrefundable) and it has performed what is required (to sale the tickets), so recognize the revenue of $14.
