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Vikki [24]
3 years ago
14

Using standard costs can make management planning more difficult. weakens management control. does not help in setting prices. p

romotes greater economy.
Business
1 answer:
crimeas [40]3 years ago
8 0

Answer:

promotes greater economy.

Explanation:

The standard cost is the predicted cost that is used for manufacturing the product. It involves direct material cost, direct labor cost, and manufacturing cost. Instead of using the actual cost of the above costing use the expected or standard cost so that the company could known about the variances that lies between the actual cost and the standard cost

Therefore by using the standard cost it promotes the greater economy

Hence, the last option is correct

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How do entrepreneurs contribute to nation economically
Finger [1]
Entrepreneurs help the nation by creating new and unique businesses (which can increase profit and employment), they add to national income, and they create social change.
3 0
4 years ago
Sol purchased land as an investment on January 12, 2011 for $85,000. On January 31, 2017, Sol sold the land for $30,000 cash. In
kvv77 [185]

Answer:

$15,000

Explanation:

Realized gain is the profit that is exceeded from the expense for a particular years. Realized loss is the loss that resulted from the excessive expense.

To determine the net realizable gain or loss, we can use the following formula -

Realizable Gain (loss) = Sale amount of tangible assets + mortgage purchasing - purchase price

Given,

Sale amount of tangible assets = $30,000

purchase price = $85,000

mortgage purchasing = $70,000

Putting the value into the formula, we can get-

Realizable Gain (loss) = $30,000 - $70,000 - $85,000

Therefore, Realizable Gain (loss) = $15,000

7 0
3 years ago
Which of the following statements is true of a trademark?
lubasha [3.4K]

Answer:

I think it A.

Explanation: A trademark is a type of intellectual property consisting of a recognizable sign, design, or expression which identifies products or services of a particular source from those of others,

7 0
3 years ago
Define hedge fund economics.​
podryga [215]

Answer:

Financial partnerships

Explanation:

Hedge funds are financial partnerships that use pooled funds and employ different strategies to earn active returns for their investors. Hedge fund strategies include long-short equity, market neutral, volatility arbitrage, and merger arbitrage. They are generally only accessible to accredited investors.

8 0
3 years ago
When a seller allows a buyer an amount for old equipment traded in for new equipment having a similar use, this amount is called
enyata [817]

Answer:

the trade-in allowance

Explanation:

The trade in allowance refers to the allowance in which the price of the new product would be fall with respect to providing with the old product. In other words we can say as a deal

Here the seller permitted the buyer for old equipment that is traded for the new equipment that contains the same usage so this we called the trade in allowance and therefore the same is to be considered

3 0
3 years ago
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