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2 years ago

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

Business

1 answer:

RUDIKE [14]2 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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Rising peanut prices have forced peanut butter makers to raise the price of a jar of peanut butter from $2 to $3 per jar, causin

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Answer:

37.5%

Explanation:

The percentage change in the price of a jar of peanut butter, using the midpoint method, is:

$P_B = \frac{3-2}{\frac{3+2}{2}}*100=40\%$

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3 years ago

during an external information search, a consumer is most likely to enlarge his search and consider more alternative brands when

iren2701 [21]

During an external information search, a consumer is most likely to enlarge his search and consider more alternative brands when the perceived risk of the product or service to be purchased increases.

This is further explained below.

<h3>What is a product?</h3>

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On the other hand, an intangible item that comes from the work of one or more humans is referred to as a service.

In conclusion, When a customer perceives an increased level of risk associated with the product or service that will be bought, he is more likely to broaden the scope of his search and take into consideration a greater number of alternative brands.

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