Businesses engage in research and development (R&D) when they want to produce new products or find ways to enhance the ones they already have. Larger businesses might have their own in-house research and development group that will evaluate and improve items or procedures prior to use in the marketplace.
The creation of new knowledge is what research and development do. It is a task that businesses carry out in order to create new goods, methods, or services, or to enhance ones that currently exist. Businesses frequently assume risk in order to achieve this.
While the development stage of research and development comprises the processes necessary to bring a new or modified product or process into production, applied research advances the findings of basic research to the point where they can be used to address a particular need.
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Answer:
a. Services performed but unbilled totals $600.
- Accrued revenue
- Accounts receivable was understated before the adjustment
b. Store supplies of $160 are on hand. The supplies account shows a $1,900 balance.
- Accrued expense
- Supplies was overstated before the adjustment
c. Utility expenses of $275 are unpaid.
- Accrued expense
- Utilities expense was understated before the adjustment
d. Service performed of $490 collected in advance.
- Unearned revenue
- Revenue was overstated before the adjustment
e. Salaries of $620 are unpaid.
- Accrued expense
- Wages expense was understated before the adjustment
f. Prepaid insurance totaling $400 has expired.
- Prepaid expense
- Insurance expense was understated
Answer:
the difference between revenue and variable cost
Explanation:
As we know that
Producer surplus is = Total Revenue - Total Variable Cost
So here we can see that the producer surplus would be the difference between the revenue & the variable cost in the industry i.e. perfectly competitive
Hence, the second last option is correct
And, the other options are wrong
Answer: Option B
Explanation: In simple words, spending multiplier refers to the effect that the spending from the govt have on an economy. As per this effect, if the govt. spends a little on the economy the multiplier effect will come into force and make a major impact on the organisation.
Government spending refers to the total outflow of resources made by the govt. for the betterment of economy. However the decrease in tax will not directly be considered an outflow but it surely does increase their revenue leading to more demand in the economy.
Hence from the above we can conclude that the correct option is B .
Answer:
Order processing= $930 per order
Explanation:
<u>First, we need to calculate the estimated costs for order processing:</u>
Order processing cost= (380,000*0.3) + (150,000*0.45) + (170,000*0.3)
Order processing cost=$232,500
<u>Now, we can calculate the activity rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Order processing= 232,500 / 250
Order processing= $930 per order
