Answer: variable costs cost which can be changed by time according to the produced product is known as variable cost. 2. Identify ...
Explanation: She makes most of the jewelry herself but she also buys items from large manufacturers. Her only other variable cost is her pay off her.
<span>The machine would have a cost basis of $80,000 - $86,000. All business owners must gain profit from the products that they sell by ensuring that their capital will be returned to them. Putting such costing price gives the owner the capital gains as well as earning back the expenses that he has shelled out in order to purchase the machine to be sold in the market. <span>
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Answer:
The actual cash value a person would receive for a $4,500 destroyed furniture would be:
$3,000
Explanation:
Actual cash value is a method to calculate the value of an insured good. Its formula goes like this: Original value minus the original value divided by the years covered multiplied by two. In our case this would be 4,500-[4,500 / 6 x 2] giving us as result the following operation 4,500- 1500 = 3,000.
Answer:
B. Offset shifts in aggregate demand and thereby stabilize the economy.
Explanation:
Firstly about Fiscal Policy:
-Monitoring and influence of government to national economy by adjusting its spending levels and tax rates
-Based on the Keynesian economics which opines that the increasing or decreasing taxes or the same about public spending will impact significantly on the economy of the country.
-Fiscal Policy is the regulator of the inflation rate (2%-3% is normal for every economy) and in turn, this increase the rate of employment
Secondly about Monetary Policy:
- In most countries, central banks or central boards take the actions of plan about controlling process of the money in the country or money supplying estimations.
-Monetary policy is the management of money supply or the interest rates
-Monetary policy is the controlling of inflation, consumption, growth and liquidity of money
The mutual goals of these policies aim to establish and construct the perfect economic environment with the stable and positive growth of economy and, stable and low inflation rates. Moreover, the aim is the elimination of booms or fluctuations on the economy and to keep it stable as possible as.
Inexperienced employees may include consigned goods as inventory resulting in an overstatement of assets.
<h3>What is
inventory ?</h3>
Inventory, also known as stock, refers to the goods and materials that a company keeps for the purpose of resale, production, or use. Inventory management is primarily concerned with specifying the shape and placement of stocked goods.
There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).
Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).
In accounting, inventory is classified as a 'current asset' that a company or business keeps for less than a year. Expenses, accounts receivable, and insurance plans are also examples of current assets.
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