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3 years ago

Choose the correct statement.

Business

1 answer:

Vadim26 [7]3 years ago

5 0

Answer:

B. The marginal social benefit from healthcare exceeds the willingness and ability to pay.

Explanation:

(Healthcare creates social benefits for the society so the marginal social benefit from healthcare is greater than the willingness and ability to pay for it as willingness to pay does not account for the external benefits of the healthcare.)

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Fox Corp. failed to accrue warranty costs of $150,000 in its December 31, 20x2, financial statements. In addition, a $130,000 ch

faust18 [17]

Answer:

$150,000

Explanation:

$150,000

The failure to accrue warranty expense is an accounting error. It gives rise to a Prior period adjustment in the year of discovery (20x3).

Prior period adjustments are limited to corrections of errors affecting prior-year net income. They adjust the beginning balance of retained earnings in the year of correction.

The change in depreciation method is an estimate change, which is reported in earnings. It is not a Prior period adjustmen

8 0

2 years ago

Company G takes advantage of the Internet and flexible manufacturing to create products that vary depending on the market it is

fiasKO [112]

Answer: localization

Explanation: In simple words, localization refers to the prices in which a commodity is made in such a way that it matches with the taste and preference of local consumers that are actually targeted by the company.

Localization helps a firm to sell its product by making individuals feel connected to the product on cultural basis. Localization instantly makes the customer feel that the offered product can be used in his or her daily life.

Food chains like McDonald and subway providing extra spicy products in their menus in amaretto of India is a prime example of localization.

6 0

2 years ago

The following information is available for the year ended December 31: Beginning raw materials inventory$12,000 Raw materials pu

posledela

Answer:

Direct material used= $88,600

Explanation:

Giving the following information:

Beginning raw materials inventory$12,000

Raw materials purchase 88,000

Ending raw materials inventory 11,400

To calculate the direct material used in production, we need to use the following formula:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 12,000 + 88,000 - 11,400

Direct material used= $88,600

3 0

2 years ago

For the past 60 years, _____ have been applied to structured tasks such as record keeping, simple clerical operations, and inven

natali 33 [55]

Answer:

Transaction - processing systems

Explanation:

For simplicity, since record-keeping, simple clerical operations, and inventory control are all related to transactions, then transaction-processing systems refer to systems that ensure that such transactions are successfully carried out.

For example, online retail outlets use transaction-processing systems to control inventory, as this system is responsible for noting every successful order of their listing page.

4 0

3 years ago

Which of the following theories argues that organizations try to minimize their reliance on other organizations for the supply o

aleksklad [387]

Answer: The answer is C.

Explanation: The Resource dependence theory is based on the principle that organizations, must engage in transactions with other organizations in their environment in order to acquire the resources needed for their daily operations.

Although such transactions may be advantageous, they may also create dependencies that are not, and so organization A may want to rely less on organization B, in their quest to influence the environment to make resources available.

This theory actually originated in the 1970s with the publication of The External Control of Organizations: A Resource Dependence Perspective by Jeffrey Pfeffer and Gerald R. Salancik.

The theory is based on the idea that resources are vital for organisational success and that access and control over resources forms the basis of power.

4 0

2 years ago

Read 2 more answers