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kipiarov [429]
3 years ago
12

For product costs associated with a particular product to be reported on the income statement:

Business
1 answer:
RUDIKE [14]3 years ago
6 0

Answer:

a. The product must be sold

Explanation:

Total revenue and total expenses are recorded in the income statement.  

If the total income exceeds than the total expenditure then the company earns net income And if the total income is less than the total expenditure then the company has a net loss.

The product includes direct material cost, direct labor cost ,and the manufacturing overhead cost. If the product cost is not sold then it is shown in the asset side of the balance sheet as an inventory

And, if the product is sold, the same is subtracted from the cost of goods sold and shown in the income statement

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A recent gallup study reported that firms with top engagement scores had _____ higher productivity.
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A recent Gallup study reported that firms with top engagement scores had 18% higher productivity. 
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When firms expand into global markets, they are faced with the choice of reducing costs and/or adapting to the local market. Whe
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The basic difference between macroeconomics and microeconomics is: In a command economy, the __________ either makes most econom
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Question 2 options are;

- government

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- firm

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Answer:

1. microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.

2. government.

Explanation:

1. Indeed, the government in a command economy (like China) makes most economic decisions itself or at least strongly influences how the decisions are made.

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3 years ago
Jill earns a salary of $425.00 per week, plus a commission of 20% on all sales. Last week she sold $1,123 worth of goods. How mu
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3 years ago
Read 2 more answers
Providing and seeking support from others during times of stress best illustrates
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Answer:

The tend and befriend response

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The word "tend" refers to care and look after someone while "befriend" refers to becoming friends with someone.

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The tend and befriend response has been observed to be more prominent in case of females. So when subjected to immense stress, it was observed that females spent a lot more time "tending" to their off springs which appeared vulnerable to them, serving as a mode to reduce stress while at the same time, also forming friendly bonds to seek support from others.

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3 years ago
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