Materials derived from natural resources clearly defines which of the following?

Business

1 answer:

Nookie1986 [14]3 years ago

3 0

Answer:

B.Raw goods

Explanation:

Natural resources are useful materials extracted from the earth for use in the production of other goods. The extracted materials are refined into final products or used as raw materials to make other goods. For example, gold and oil are extracted and refined into marketable products. Water and wood are raw materials used in producing paper.

Natural resources come from nature. They are extracted raw and processed into other products or used as raw materials to produce other goods.

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When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____.?

ehidna [41]

The factor is called a profit.

Profit is an aim to any business establishment. This is the financial return or reward that an entrepreneur ultimate goal after the risk they have take. The moment a product is sold more than it cost to produce, then a profit is earned which can be invested again.

PROFIT = TOTAL SALES - TOTAL COSTS

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3 years ago

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The following data pertains to Lam Co.'s manufacturing operations: Inventories 4/1 4/30 Direct Materials $ 18,000 $ 15,000 Work

Sliva [168]

Answer: $65000

Explanation:

For the month of April, the conversion cost that was incurred would be calculated as:

Beginning inventory of Direct Materials = $18000

Add: Purchase = $32000

Total cost of Direct Materials available = $50000

Less: Ending inventory of Direct Material = $15000