Answer:
The correct answer is letter "D": in absorption costing, fixed manufacturing overhead is a product cost.
Explanation:
Absorption costing or full costing includes all costs related to the production process like the fixed costs. Variable costing, on the other hand, only includes the variable costs from the production. Absorption costing incorporates allocating fixed overhead costs of each unit produced during a certain period.
Answer:
d. Federal income taxes paid or accrued
Explanation:
There are different items considered as a taxable income adjustment. The taxable income adjustment is usually computed by subtracting exemptions such as itemized or personal deductions from the adjusted gross income. However, a refund due to taxes conducted in the previous year is not one of the taxable income adjustment.
Consumers should be concerned about high interest rates because high interest rates equals to higher interest/ more money that needs to be paid.
Answer:
The correct answer is letter "A": is a supply restriction limiting the quantity of a good that can be imported.
Explanation:
A quota for imports applies to set limits on the number of goods that can be imported into a country over time. Countries are using quotas to shield domestic companies. This limits the supply of those goods by imposing a top on foreign goods being imported, which keeps prices high so that domestic companies can still sell their goods at a fair price.
<span>Resource similarity and market commonality are factors that determine the extent to which firms will be in direct competition with each other. A market commonality refers to how many markets where a firm and a competitor are involved together. This will show the importance of the different markets and how they are related and important to one another. </span>
