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4 years ago

Type the correct answer in the box. Spell all words correctly.

Business

1 answer:

Vinvika [58]4 years ago

3 0

Answer:

Being debt-free within 15 years is an example of a long-term goal.

Explanation:

One main characteristic of a long-term goal is that it involves a planning horizon that is more than 5 years during which some thoughts are paid to the goal, and the means of achieving it are marshalled out, and rigorously pursued. Long-terms goals are best broken into manageable, short-term, and medium-term goals to enable the decision-maker to accomplish her goal. The future is always uncertain, to achieve a long-term goal you must remain motivated.

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Decide whether each of the following descriptions most closely corresponds to being part of a command system, a market system, o

Lady_Fox [76]

Answer:

a. Command system

b. Market system

c. Laissez-faire system

Explanation:

a. Command System, This is an economic system where the means of production and distribution of goods and services are owned and control by the government, in this system, the economic activities are controlled by a central planning committee.

b. Market system: A market system is an economic system where the market forces, that is the forces of demand and supply allocate resources.

c. Laissez-faire system : Under the Laissez-faire system is an economic system in where there is minimum government intervention in the economy. sometimes the words Laissez-faire system and capitalism are used interchangeably. The major difference between capitalism and laissez faire depends on the extent of government interference in the economy.

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3 years ago

The following accounts have normal credit balances? a. liabilities b. revenues c. assets d. all of the listed accounts have a no

Mademuasel [1]

So the correct option is D, Because increases in any account are often bigger than losses, accounts with normal balances are on the side where increases go. As a result, the owner's drawing, spending, and asset accounts typically have negative balances. Accounts for liabilities, income, and owner capital typically have credit balances.

What is Financial Statement?
Financial statements are written documents that convey the business activities and the financial performance of a corporation. The balance sheet, income statement, statement of cash flow, and statement of changes in equity are the four primary financial statements for for-profit entities. Nonprofit organizations employ a comparable but different set of financial statements.

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7 0

2 years ago

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding

ANTONII [103]

The difference in the ending inventory relates to a difference in the handling of fixed manufacturing overhead costs.

Under variable costing, these costs have been expensed in full as period costs.

Under absorption costing, these costs have been added to units of a product at the rate of $10 per unit ($100,000/10,000 units produced = $10 per unit).

Thus, under absorption costing a portion of the $100,000 fixed manufacturing overhead cost for the month has been added to the inventory account rather than expensed on the income statement:

Added to the ending inventory:

(2,000 units x $10 per unit) $ 20,000

Expensed as part of the cost of goods sold:

(8,000 units $10 per unit) $ 80,000

Total fixed manufacturing overhead cost for the month: $100,000

Because $20,000 of fixed manufacturing overhead cost has been deferred in inventory under absorption costing, the net operating income reported under that costing method is $20,000 higher than the net operating income under variable costing(refer to the first image)

And for question refer to the second image.

Hence, The difference in the ending inventory relates to a difference in the handling of fixed manufacturing overhead costs.

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4 0

2 years ago

In marketing, an item’s utility refers to only how that product is used by the consumer. True False

Inessa05 [86]

Answer:

false

Explanation:

pretty sure that's right

7 0

4 years ago

Describe four signs that help indicate when ABC systems are likely to provide the most benefits. (Select the four statements th

iris [78.8K]

Answer:

C. Significant amounts of indirect costs are allocated using only one or two cost pools.

D. All or most indirect costs are identified as output unit-level costs.

E. Products make diverse demands on resources because of differences in volume, process steps, batch size, or complexity.

F. Products that a company is well suited to make and sell show small profits, whereas products that a company is less suited to produce and sell show large profits.

Explanation:

ABC (activity based costs) method focuses on individual activities as the main cost objects. After it determines the cost of individual activities, it uses them as the basis for assigning costs to products and services. ABC method allocates overhead costs based on the main cost objects.

7 0

3 years ago