There are several situations when the government has to interfere with a pure market outcome. If the price of a product rises without any significant cause or if there is more supply than demand of a market, then the government can put a price ceiling or floor price of a product. This is purely to keep the economy of a country or state stable.
Answer:
B
Explanation:
Budgeting does not necessarily be prepared by the top management. But it is important they will know the budget in order for them to properly make wise decision for the betterment of the company that plays a vital role in attaining their organizational goal.
The value of what you forgo in order to attend the party is known as the opportunity cost. due to you Normally studying at home, the advantage of the party outweighs the potential cost (such as a greater that you would have learned from studying that evening (for homework or a test).
<h3>What is meant by opportunity cost?</h3>
In other terms, opportunity cost is the other option or opportunity you must forgo in order to pursue your preferred alternative. It is, to put it simply, what we have to give up in order to act.
For instance, if you attend your friend's birthday celebration, you will undoubtedly miss your preferred study period for the exam the following day. This may result in a gorgeous crimson "F" on your exam paper, which would be a terrible loss. For this reason, sane people who are aware that they are not intelligent enough to review for the test while intoxicated in five minutes typically opt to stay at home and study. The inability to study for your exam in this instance is a lost opportunity.
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Answer:
$2.51 per unit
Explanation:
The computation of the cost per equivalent unit is shown below:
But before that the equivalent units is to be computed
Equivalent units = units completed + equivalents units in ending inventory
= 8,400 units + (13,200 units × 42%)
= 13,944 units
Now
Cost per equivalent unit = cost incurred ÷ equivalent units
= $34,980 ÷ 13,944 units
= $2.51 per unit
Answer:
monetary accounts are translated at the current exchange rate; other accounts are translated at the current exchange rate if they are carried on the books at current value; items carried at historical cost are translated at historic exchange rates.
Explanation:
The principle of the temporal method means that the accounts that are monetary in nature would be transform at the current or present exchange rate, also the other account would be transform but they should be at the current value. In addition to this, if the items are at historical cost so they should be transform at historic exchange rates
Therefore the last 2nd option is correct