Answer:
Manufacturing-related production costs are initially recorded as expenses
Explanation:
Cost is defined as an amount that has to be paid or spent to buy or obtain something. Cost can be specific, like, "What is the cost of a particular product?" or it can be a penalty, like consider the cost of missing the event.
Expenses sounds similar to that of cost: an amount of money that must be spent especially regularly ro pay for something.
Manufacturing cost are considered to as those that are spent to transform materials into finished goods. Manufacturing costs include direct materials, direct labor, and factory overhead.
Manufacturing cost are also known as factory cost or production cost
Consumers and business in the market economy seek to earn money so they can buy products so that they don't go out of business.
The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>
<h3>What is Bookkeeping?</h3>
Bookkeeping is the process of recording financial transactions. It entails preparing reference papers for all company transactions, activities, and other occurrences.
The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.
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Answer:
real estate agent who leaves a job in Texas and searches for a similar, higher paying job in California
Explanation:
Frictional unemployment occurs when Labour leaves his job in search of another one. It is the period between Labour leaves current employment and get another one.
geologist who is permanently laid off from an oil company due to a new technological advance is an example of structural unemployment
worker at a fast-food restaurant who quits work and attends college is am example of voluntary unemployment.
autoworker who is temporarily laid off because of a decline in sales is an example of cyclical unemployment.
I hope my answer helps you
C. A statistical analysis is said to have internal validity if the statistical inferences about causal effects are valid for the population being studied. The analysis is said to have external validity if conclusions can be generalized to other populations and settings.
So internal validity means the results are accurate and you can use them to make sense of the group you are studying. External validity still means the results are accurate, but that you can use them to make assumptions about the population as a whole.
So if you look at a field of cows where half are white and half are brown, you have internal validity that 50% of your sample is white and 50% is brown. This result would not have external validity because in the whole world, cows can be different colors or combinations of colors.
