A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.
Answer:
Income will increase by $20,000.
Explanation:
<u>First, we need to calculate the current income:</u>
Current income= 4,000*(50 - 10) - 15,000= $145,000
<u>Now, the new selling price, fixed costs, and sales in units:</u>
Selling price= 50*0.9= $45
Fixed costs= $45,000
Sales= 4,000*1.5= 6,000
New income= 6,000*(45 - 10) - 45,000= $165,000
Difference= 165,000 - 145,000= 20,000
Income will increase by $20,000.
Answer:
a. The cost of products that are partially complete = 6. Work in progress inventory
b. The function of keeping activities in accordance with plans = 5. Controlling
c. Primarily concerned with internal users and reports pertain to subunits of the entity. = 1. Manangerial Accounting
d. Materials that can be physically and directly associated with manufacturing a product. = 7. Direct materials
e. The function of setting goals and objectives. Indirect costs of manufacturing a product. = 3. Planning
f. Primarily concerned with external users and reports pertain to the entity as a whole. = 2. Financial accounting
g. Costs that are noninventoriable. = 9. Period costs
h. All business processes associated with providing a product or service. = 10. Value chain
i. The function of coordinating diverse activities to produce a smooth-running operation. = 4. Directing
Explanation:
Answer:
A
Explanation:
Here, we want to know what will happen in the long run after market adjustments when we start from a long run steady state equilibrium.
An increase in income taxes will shift the adjustment to the left. This will cause deflation.
After this adjustment, the net effect will be a small deflation, but output returns to potential level.
Answer: <em>Option (c) is correct.</em>
<em>Promoting the use of group-think can further make a group's decision-making more efficient and effective. Group-think is a cognitive or intellectual phenomenon that arises within a group of individual where they aspire for harmony or consonance in the group which earlier would've resulted in an preposterous or dysfunctional outcome. </em>
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