Answer:
a) Export goods & services; b) Government goods & services; c) Capital Goods
Explanation:
Consumption Goods are used by consumers, for final consumption. Real Estate refers to land, property cases. There are no such illustrative cases.
<u>Export goods & services</u> are sent to foreign country for selling. <u>Pierre </u>produces <u>cheese</u> in France, for getting it sold in Canada. So, it illustrates case of goods export
<u>Government goods & services</u> are used by government officials for government goods & service purpose. <u>FBI agent</u> purchasing <u>vehicle</u> for tracking missing persons, illustrates case of government goods & services.
<u>Capital Goods are investment goods</u>, which increase the productive capacity of businesses. <u>Wanda </u>purchasing 6 new <u>sewing machines</u> for her<u> tailoring business</u>, is example of Capital Goods.
Answer:
The correct answer is letter "D": prepared according to management needs.
Explanation:
Managerial accounting reports are the principal tool top executives use to make their decisions. Thanks to accounting reports managers can check what the costs of production are and how profitable the operations of the firm have been in terms of expenditure. These reports also help managers to find out what aspects of the company should be improved to maximize productivity and efficiency.
<em>Most managerial accounting reports are tailored to the executives' demands.</em>
In the context of the aio dimensions for measuring consumers' lifestyles, "a" stands for <span><em>activities</em></span>
Answer:
COGS= $11,600
Explanation:
Giving the following information:
Beginning inventory= 735 units for $8
During February the company produced 700 units for $12 per unit.
Units sold= 1,100
<u>Under the LIFO (last-in, first-out) method, the cost of goods sold is calculated using the cost of the last units produced.</u>
COGS= 700*12 + 400*8
COGS= $11,600