The value of general production for 2020 is worth the bottom year: unfastened, granulated white sugar sold in 33-eighty oz. packages, irrespective of packaging type. Excludes brown sugar and synthetic sweeteners."
Production is the procedure of making or manufacturing items and merchandise from uncooked materials or components. In other words, manufacturing takes inputs and makes use of them to create an output that is a match for intake – an awesome product that has a price to a given up-person or client.
Production is the manner of creating, harvesting, or creating something or the amount of something that was made or harvested. An example of production is the introduction of fixtures. An example of production is harvesting corn to consume. An instance of production is the quantity of corn produced.
There are three commonplace forms of fundamental production systems: the batch system, the non-stop gadget, and the assignment system. inside the batch gadget, popular-motive systems and strategies are used to provide small quantities of output (goods or services) with specs that change substantially from one batch to the following.
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1 - unearned revenue
2 - prepaid expense
Answer: Batch size to be used =Economic batch size of 2,236 units
Explanation:
From the question, we have that
Annual demand (D) = 10,000 units
Setup cost (S) = $200
Holding cost (H) = $2 per unit per year
Daily production (p) = 100 units per day
Daily Demand (d) = 40 units per day
Therefore Economic batch size, Q will be calculated as
Q =
Q= 
Q=
Q=
Q=2,236.067 rounded up to 2,236
Economic batch size =2,236 units
Answer:
1. LAND
All expenses that went into the preparation of a fixed assets such as land to make it available for use should be capitalized and this includes taxes.
2. EQUIPMENT.
As explained above, the expense here was incurred trying to get the machinery to be available for use so it should be capitalized.
3. EQUIPMENT.
The same logic as the above stands here as well.
4. LAND IMPROVEMENTS.
This expense does not fall under the primary purpose for which the site was acquired but is still an improvement so even though it will not be capitalized to land, it goes to Land Improvements.
5. EQUIPMENT.
The name and slogan are part of the preparation of the vehicle for use so need to be capitalized.
6. EQUIPMENT.
Installation costs are to be capitalized because they are necessary to ge the asset working.
7. PREPAID INSURANCE.
Period costs (costs that provide benefits for a year or less) are to be expensed and not capitalized which is why this is posted to prepaid insurance.
8. LICENSE EXPENSE.
Licenses typically last a year so this is a period cost that should be expensed.
Answer:
The correct option is B
Explanation:
As Joe has health insurance, now he is engaged in the activities which are more risky because he knows that if he gets hurt then the health insurance will cover it. So, this economic problem in the story will be referred to as the moral hazard because it is a hazard when one party can take the risks knowing that the other party will bear the outcome.
