The answer to this question is 30/100*$50,000 = $15,000 remains on the balance sheet at the end of the year.
The $ 1200 paid for advertisement is not included in the cost of inventory.
<span>Cost of inventory=cost of inventory+ any other cost needed to get inventory in place of sale.</span>
Answer:
The correct answer is option B.
Explanation:
The statement "There is no free lunch" means that no product is made for free. Production of any good or service requires resources. These resources are scarce and have alternative uses. So in order to produce any goods or services limited resources are used and its alternative uses are sacrificed.
Answer:
good hope you're doing great!
Answer:
North Korea - Command Economy.
Explanation:
In Command Economy, the government control all means of production. The citizens have no power to actually make efforts to own these resources.
To proof it, we can refer to the economic freedom ranking that was created by Heritage Foundation. From all 180 countries included in the ranking, north Korea placed at the very bottom.
The Government of North Korea have total control of the economy. They determine what products should be made, what type of jobs the citizens can held, and how those resources should be distributed among the people.