Answer: Poland
Among the four countries, Iran, Malaysia, Poland and Turkey, Poland had the highest per capita GDP in 2013 and ranked 61st with $21,00 per capita GDP. Malaysia ranked 74th at $16,900. Turkey ranked 85th at $15,000 and Iran ranked 97th at $13,100.
Answer: True
Explanation: By conducting a small project as a proposal, a contractor is actually showing in a small scale that he is both capable, is the right man for the job (external project) and is able to ensure the external project is completed with its goals and objectives accomplished. It is these goals that drive the project, and all the planning and implementation . As such, the project has to be compelling and complete.
True gives the answer to the question.
Answer:
b. first-in, first-out.
Explanation:
Generally, there are three methods for estimating the inventory shown below:
1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones
2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase
3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.
4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory
In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.
Answer:
a. A Strategic budget will be used by the upper management in planning for the next five years.
b. A flexible budget will be used by a store manager who wants to plan for different levels of sales.
c. A Cash budget will be used by an accountant who wants to determine whether the company has sufficient funds to cover expenses.
a. A Master Budget will be used by a CEO who wants to make companywide plans for the next year.
Explanation:
- Strategic budget, is finnancial planing to achieve the long term goals of the company.
- flexible budget is used for different level of sales volume.
- Cash budget usted for forescast the cash balance.
- Master Budget uses a schedule to present financial statements.
Answer:
D. asymmetric information.
Explanation:
Owners of defective used cars have more information about the condition of their vehicles than potential buyers of those used cars. This is an example of an asymmetric information.
An asymmetric information can be defined as a situation wherein there's an imperfect flow of information or knowledge between the buyer and the seller of a product; sellers having more knowledge than the buyer of a product.
