Answer:
Explanation:
Milton Friedman had the belief that businesses has only one social responsibility and this involved the engaging in economic activities and using available resources that can cause increments in profits. Simply put Friedman believed that making profits should be the goal of businesses. And people should use resources they have available to increase their profits.
Following this, it would be advisable for Grace to follow the business consultants advice of injecting the pigs since it would then cause her less to run The business and still increase the gross profit from the farm by 20 percent more each year. This means an increment in profits.
Answer: historical exchange rate
Explanation:
The temporal method is also referred to as the historical method. Under this method, the currency of a foreign subsidiary is being converted into the currency of the parent company.
It should be noted that under the temporal method, the income statement items which relate to newly recognized assets and liabilities generally are remeasured using the historical exchange rate.
Productivity is the "rate" at which goods and services are produced based upon total output given total inputs.
<h3>What is rate pf productivity?</h3>
In economics, productivity is the ratio of output to input, such as labour, capital, or any other resource. It is frequently determined for the economy as a ratio of hours worked to gross domestic product (GDP).
Labour productivity is calculated by the formula-
the labour productivity equation: total output / total input.
The residual of any discrepancy between the rate of output growth and the rate of input growth is used to calculate productivity growth.
To know more about the gross domestic product (GDP), here
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Answer:
Net income under absorption costing = $101980
Explanation:
Below is the following calculation:
Net income based on variable costing = $86500
Rise in inventory = (4000 - 2200) x 8.60 = $15480
Now find the net income under absorption costing by adding the rise in inventory in the net income based on variable costing.
Net income under absorption costing = $86500 + $15480
Net income under absorption costing = $101980
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