Answer:
The recognized income in 2018 will be A. $1,600,000.
Answer:
C. because it does not produce enough oil.
Explanation:
Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.
Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.
The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.
Answer:
households act in their own best interests.
Explanation:
Economic Decision-Makers includes the Households, Firms, Governments, and the Rest of the World. Economic decision-making is the means or process of selecting which needs and wants that should be satisfied. The factors that determines what is produced are Resources available and consumer preferences and the factors that determines what is purchased are consumer preference and price.
The Households demand for goods and services will lead to what the industries produces. Households are seen as rational because they try to act in their upmost best interests and not what will make them sad.Utility maximization is dependent on household's subjective goals.
When prioritizing the backlog, taking an economic view mean Realizing the goal of Lean
A lean system represents a company or business unit that comprehensively applies lean principles to the methods of planning, prioritizing, managing, and measuring work. The goal of all lean systems is to maximize customer profits. Lean thinking can significantly improve the productivity and functionality of a team or department, but lean implementation across the organization has the greatest impact on customers.
The lean system uses a lean approach to identify and eliminate waste. They systematically discover and take advantage of opportunities for improvement. These are two of Lean's basic concepts. Eliminate everything that doesn't add value to your customers, work systematically and continuously, and create more value for your customers.
Learn more about the Lean system here: brainly.com/question/683722
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Answer:
The answer is: B) best efforts approach
Explanation:
To understand the best efforts approach we should about our PE coach that always insisted that the important thing was to give our best and off course it was better if we won, but if we didn't at least we tried real hard.
In this case the best efforts includes a legal contract between Ecclestone and their investment bank by which the bank agrees to do their best effort in selling the stocks at the highest possible price.
