Answer:
Consider the possible advantages and drawbacks of a decision.
Explanation:
In Financial accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Cost-benefit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Generally, to use the cost-benefit analysis, financial experts usually make some assumptions and these are;
1. Sales price per unit product is kept constant.
2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.
3. All the units produced are sold i.e there is no change in inventory quantities during the period.
5. The costs accrued are as a result of change in business activities.
6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.
Hence, a business performs a cost benefit analysis when it consider the possible advantages and drawbacks of a decision i.e whether or not it would bring value to the company or create a significant level of impact on the business.
Answer:
human capital is more important than financial capital
Explanation:
To Steve human capital is the building blocks of the foundation of the company. The financial capital can be sourced from various sources but human capital takes time and effort to produce qualitative results which can't be replaced easily.
Answer:
Paolo buys a new set of tools to use in his plumbing business. I: Paolo is investing in his plumbing business by purchasing tools.
Kenji buys a sweater made in Guatemala. M: Kenji is purchasing an imported good which decreases the GDP.
Lucia gets a new video camera made in the United States. C: Lucia's purchase increases private consumption.
Kenji's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. X: Kenji is exporting services to an Australian firm.
The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. G: the state government spent money on repaving a highway.
<span>What should the American manufacturer insist upon having if it wants to protect its right to sue the government in the event it does not pay for the goods? A wavier of immunity. A waiver of immunity revers to taking away rights to refuse to testify against someone by a witness. The person in question can waive their rights themselves and incriminate under the Fifth Amendment of the Constitution. </span>
