The answer is (a). Goods can be touched, while services are providing labor and cannot be touched. For example, you cannot touch a haircut, while you can touch a burger.
Answer:
Management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.- D.
Total cost of a job is calculated by adding the total of direct labor cost, direct materials cost and applied manufacturing overhead cost
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What is total cost?</h3>
Total cost is the sum of all costs that are used in manufacturing or producing an output.
- This includes the cost of raw materials, transportation, inputs and services.
Therefore, the total cost of production or a job is the sum of the total of direct labor cost, direct materials cost and applied manufacturing overhead cost.
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The investment activities section of the statement of cash flows includes increases and decreases in long-term assets.
Long-term assets are investment based activities which included equipment used in a business and the building thats built for a business to run in. If you were to sell your long-term assets and make a profit, this would also but included in the investment activities section of the state of cash flows.