<u><em>Explanation</em></u>:
<u>(a) FIFO</u>
In using this method we calculate cost based on the price of the earliest (first) purchased inventory date.
(b) LIFO
Here we calculate cost by using the price of the most recent (last) purchased inventory date. eg for inventory cost calulations for March 9 we use the price value of March 29
(c) weighted average
This meeting uses the average cost of the entire inventory in the month. Calculated by dividing total cost by today inventory.
(d) specific identification.
Here cost are just assigned to each individual item or batch of items in the period.
Answer:
The above statement is false.
Explanation:
The most common legal structure of business are as follows:
Sole proprietor : It is a form of business in which a business is fully controlled by only one person. He takes all the decision himself . He has unlimited liability. His personal assets are used by the creditors to recover their money
Partnership: It is a form of business in which minimum 2 person come together to form a partnership firm. They share profit and loss as agreed between them. They have a partnership deed . Every partner have unlimited liability .
Limited liability Partnership : This form is recently introduced. This form come under the limited liability 2008. It has separate legal entity.
Corporation: A corporation has a independent legal entity, separate from its owners and has different tax calculation than other structure. The owner of the corporation has limited liability upto their share in corporation
S-Corporation: This business structure is more simple than corporation. It is more beneficial for small owners and also have some tax benefits. S Corporation can also cash accounting system rather than accural method of accounting.
Thus, the statement is false that the legal structure of business is only four.
Two examples of human capital that can be developed are:
Education : by enrolling in school, education is developed. During the process of education, skills needed for the production of goods and services in developed.
Job experience : by undertaking internships and summer jobs, labour is developing their human capital.
<h3>
What is human capital?</h3>
Human capital are qualities that labour posses that are useful in the production of goods and services. Human capital is an an intangible asset. It is the economic value attached to labours' skills and expertise.
Examples human capital are:
- Education.
- experience
- Mental and emotional well-being.
- People management.
- Communication skills.
To learn more abut human capital, please check: brainly.com/question/7193861
Answer:
B. the difference in price and long-run average cost multiplied by the quantity produced.
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<em>Note, The complete exercise was found due to a online research. </em>
Explanation:
Take a look to the image attached. Will help you to understand the exercise.
