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Inessa [10]
3 years ago
11

A job cost sheet is a form prepared for each separate job that records the materials, labour, and overhead costs charged to the

job. True or False
Business
1 answer:
likoan [24]3 years ago
8 0

Answer:

True

Explanation:Job cost sheet - it is formed that consists of all details related to the job profile like material, overhead cost, etc.

It is considered an important part of the job which keeps an updated accounting record. it includes the manufacturing cost record and it used in the end process to compute and finalized the cost of product and service.

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Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 mill
zhuklara [117]

Answer:

0.9

Explanation:

The formula to compute the four-firm concentration ratio is shown below:

= (Total firm sales of industry A) ÷ (Total firm sales of industry B)

where,

Total firm sales of industry A = $5 million + $2 million + $1 million + $1 million

= $9 million

And, the total firm sales of industry B would be

= $2.5 million × 4 firms

= $10 million

So, the ratio would be

= $9 million ÷ $10 million

= 0.9

6 0
3 years ago
Fiat money:________.a) has no intrinsic value. b) is backed by gold. c) is a medium of exchange but not a unit of account. d) is
liberstina [14]

Answer: a) has no intrinsic value

Explanation:

Fiat currency is money that is used in a country and is regulated by the central bank of that country. Fiat money has no commodity backing it such as gold or silver and has no intrinsic value of its own.

It is instead backed by the full faith and credit of the government of the country that produces it. For instance, the US dollar is backed by the full faith and credit of the US government.

3 0
3 years ago
Which advertising strategy emerged because of corporate mergers and public distrust of impersonal and large corporations?
Mila [183]
A christmas poem out of celebration
6 0
3 years ago
Which of the following is an example of positive technological​ change? Positive technological change occurs when
Ivenika [448]

Answer:

The correct answer is C

Explanation:

Positive technological change or variation occurs or happen when the business or the firm is able to produce or manufacture more amount of output by using the same amount of inputs or the same output which have the fewer inputs.

The example of positive technological change occurs when the firm or the business installs the faster machinery and makes the firm more profitable through increasing the revenue.

4 0
3 years ago
The gross domestic product (GDP) of the United States is defined as the market value of allfinal goods and services produced wit
Rainbow [258]

Answer:

Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 5, 2018.

b. An elementary school student buys the chocolate bar on December 24..

c. Zippycar, a U.S. automobile company, produces a convertible at a manufacturing plant in Minneapolis on January 9, 2018. It sells the car at a dealership in San Diego on February 24, 2018.

d. Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 17, 2018. Athleticus imports the pair of sneakers into the United States on May 21, 2018.

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.  

Items not included in the calculation off GDP includes:  

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

The accountant's work would be included in 2019's GDP

The chocolate purchase would be included in GDP as part of consumption expenditure

Tire is an intermediate good in this question and would not be included in GDP

The purchase of the shoe from Vietnam would have no effect on GDP because it decreases net export

4 0
3 years ago
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