Activity-based costing systems are greater correct than conventional costing structures. this is because they provide an extra specific breakdown of indirect prices.
Activity-based totally costing offers a greater correct approach to product/carrier costing, main to more accurate pricing decisions. It increases expertise of overheads and price drivers; and makes highly-priced and non-cost including sports greater visible, permitting managers to lessen or dispose of them.
There are pros and cons to both the traditional and the Activity-based costing gadgets. One gain of the ABC gadget is that it provides extra correct records on the charges to manufacture products, but it does not show up on the monetary statements.
The primary purpose of the usage of the activity-primarily based costing method is to increase the profitability and standard performance of a corporation. The Activity-based costing approach does this by identifying correct overhead fees and cost drivers main to extra streamlined enterprise procedures.
Learn more about Activity-based costing here: brainly.com/question/6654166
#SPJ4
Answer:
c. generates income
Explanation:
International trade for a country refers to exchange of goods and services beyond geographical boundaries. In short international trade refers to the business due to import and export of goods.
For example, one nation might specialize in the production of cocoa while another nation is rich in oil wells or oil reserves. The two nations can trade such resources and eliminate scarcity or abundance.
International trade leads to increased competition in the domestic market since now the producers are compelled to adhere to meet international quality standards for their products.
So, International trade generally c. generates income.
Reoccurring problem because non of the other problems would make sense in this type of situation
LeBron James is one of the best basketball players in the country, was selected by the Cleveland Cavaliers as the first pick in the 2003 NBA draft, signing a three-year contract worth almost $13 million, with an option for a fourth year at $5.8 million. Had he decided to attend college instead, James would have incurred an opportunity cost of at least $19 million in forgone income to earn a four-year college degree.
Opportunity cost is the value you would gain or lose if you choose a different path or solution. The opportunity cost in this scenario is deciding to play in the NBA since college was too expensive. LeBron James ultimately saved time and money by taking the detour because he received a contract worth close to $13 million; otherwise, he would have had to pay more and spend more time attending a four-year college.
LeBron's decision to join the NBA right after high school graduation has an opportunity cost because he might have attended a four-year university or college instead. He was chosen by the Cleveland Cavaliers as the first overall choice in the 2003 NBA Draft
To learn more about Opportunity cost here,
brainly.com/question/13036997
#SPJ4
