Answer:
C. Farah wants to obtain her college degree in four years
A time bound goal has a specific, measurable time-frame within which a specific goal has to be achieved; it can also set as a specific target to be achieved at periodical intervals.
Amongst the options given, only option C has a specific, measurable and well-defined time frame within which a specific goal is set to realized.
Explanation:
<u>Calculation of cost of goods sold under a periodic system:</u>
It is given that the beginning inventory is $100,000, cost of goods purchased is $500,000, and ending inventory is $130,000. The cost of goods sold can be calculated as follows:
Cost of Goods Sold = Beginning inventory + Cost of goods purchased- Ending inventory
= 100,000 + 500,000 – 130,000
= $470,000
Hence, the cost of goods sold is<u> $470,000</u>
Answer:
c. Labor
Explanation:
There are four factors of production. They include labor, land, capital, and entrepreneurship. These factors of production are also known as inputs in the manufacturing process. They represent the essential requirement for production.
From the list provided, labor is an essential commodity. It is among the factors of production. Labor refers to the human contribution in production through their skills, energy, and experience. It is the human input or the work done by human beings. The reward for labor service is the wages and salaries paid to workers.
Onions are stem modifications of bulbs. Onions grow during a cold weather, but forms bulbs when the weather is warm. Onions can either be grown using seeds or through their bulbs. That is why, the stem modification of onions are bulbs. Tuber is from potatoes, whereas corm is from crocuses and gladioli.