<u>Answer: </u>Production concept
<u>Explanation:</u>
Production concept is based on concentrating on the efficiency of the production and manufacturing. The basis of production concept is to make the goods available to the consumer at affordable prices. By producing in mass quantities the companies believed they can reduce the cost of production.
Also that supply can be increased when the cost of production is lower. Economies of scale can be achieved by the company when they reduce cost of production they can increase their profit earning capacity.
Answer:
The correct answer is (a)- asset.
Explanation:
An asset is a resource with value that someone owns with the intention of generating a future benefit (whether economic or not). In accounting, it represents all the assets and rights of a company, acquired in the past and with which they hope to obtain future benefits.
They have in common that they are the result of past events and are capable of generating economic returns in the future. All assets have the potential to bring money to the business, whether through use, sale, or exchange. Examples of assets are a premises, a van, a patent, a computer, raw materials, financial investments or collection rights.
Answer:
IRR is greater than required return by 17.38 - 16.8 % = 0.58 %
so project will accept
Explanation:
given data
initial cost = $38,000
cash inflows year 1 = $12,300
cash inflows year 2= $24,200
cash inflows year 3 = $16,100
rate of return = 16.8 %
solution
we consider here IRR is = x so
present value of inflows is equal to present value of outflows .............1
we can say that it as
initial cost = present value
3800 = 
solve it we get
x = 17.38%
here IRR is greater than required return by 17.38 - 16.8 % = 0.58 %
so project will accept
Answer:
Explanation:
Ms. P receives $6,000 from Company P due to her husband A's loyal service and She receives $600 that her husband earned prior to his death. Hence, Ms P earns a total of $6,600 ($6000 + $600) gross income.
The amount of $90,000 receive from the life insurance proceeds are excluded from the gross income.
Ms P's daughter receives $4,000 from company P. It should be included in her daughter income.
