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2 years ago

Why is efficiency and innovation important to a society

1 answer:

8 0

Efficiency and innovation is important to a society because they are key components to bringing income into their economy and creating jobs for those within it. Being efficient means to use your resources wisely and get through work at a good pace. Being efficient doens't mean you need to rush through anything, just use your time and resources as best as you can. Innovation is important because it creates new ideas for consumers and producers to make and sell within an economy. When a new invention comes about, that gives opportunities for growth and expansion of a company or a new or old.

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In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company

IrinaVladis [17]

Answer:

2) Matching

Explanation:

The matching principle refers to that principle at which the revenues that are recognized in the particular year should be matched with the expenses that are incurred in that particular year

According to the given scenario, it talks about the matching principle at which the expenses are to be reported when the related revenue is recognized

Therefore, it follows the matching principle.

6 0

3 years ago

A company manufactures various sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $67

VLD [36.1K]

Answer:

The company should buy from an outside source rahter than manufacturing because each bottle manufactured costs $5 more.

Explanation:

Differential Analysis

Make Buy

Manufacturing Cost per bottle $ 67

Purchasing Cost per bottle $35

Freight per bottle $ 5

Fixed Costs $ 22

Total $ 67 $62 

The company should buy the bottles from the outside source because the manufacturing costs are higher than the purchasing costs and the fixed costs.

The fixed costs are the irrelevant costs that will continue whether bottles are manufactured or purchased.

6 0

2 years ago

Which of the following projects is most likely be used in STEM education to learn technology concepts?

ivanzaharov [21]

Answer:

investigate search engine criteria to improve search results

Explanation:

Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.

Since the focus is on learning technology concepts, the most likely, that is, the project that is closest to technology is investigating search engine criteria to improve search results.

7 0

2 years ago

Different budgeting periods and explain each one

RideAnS [48]

Budgeting period is an allocation of time to plan for your money and how or where it's gonna be used. There are two types of budgeting period: Short term and Long term.

Short-term Budgeting period

This budgeting period covers from 6 months to a year, depending on the nature of the business. For seasonal businesses, it should cover at least one seasonal cycle. For wholesale and retail businesses, 6 month is enough.

Long-term Budgeting Period

This covers more than a year of operating. It focuses on the futuristic performance of a business or company. Factors used are market trends, economic growth, inflation rates and industrial production. These factors help foresee profit or problems that may arise. Consequently, this will also help you in your present decisions.

5 0

3 years ago

If government spending occurs, there will be a(n) _______ of private-sector investors, described as a(n) _______ of that spendin

MrRa [10]

If government spending occurs, there will be a(n)crowding out of private-sector investors, described as a(n) opportunity cost of that spending.

<h3>What is government spending?</h3>

This is the term that is used to refer to all forms of expenditures that the government of a place may embark on.

Spending is an expansionary policy that helps to stimulate the government of a place.