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grandymaker [24]
2 years ago
13

Which of the following statements is correct concerning product​ costs? A. Product costs are shown with current liabilities on t

he balance sheet. B. Product costs are expensed in the period incurred. C. Product costs are shown with operating expenses on the income statement. D. Product costs are expensed in the period the related product is sold
Business
1 answer:
Brut [27]2 years ago
5 0

Answer: D. Product costs are expensed in the period the related product is sold

Explanation:

The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.

It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.

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What type of consideration does the proposed insured offer to an insurance company?
tigry1 [53]

Answer:

the payment of the insurance premiums

Explanation:

Consideration in contract law refers to an exchange of something of value, e.g. I pay $5 in exchange for a hamburger.

In insurance contracts, consideration provided by the insured refers to paying the insurance premium. Consideration provided by the insurance company is the promise to pay in case of a covered loss.

7 0
3 years ago
A weak company culture A. celebrates change and consensual decision-making. B. produces champions of innovation and creativity.
Ymorist [56]

One thing that a weak company culture does is that it D. promotes greed-driven and unethical behaviors.

<h3>What is the effect of a weak company culture?</h3>

A weak company culture is one that allows for unethical behavior to be perpetrated with impunity.

Such a culture would give rise to greed as people try to outpace each other through unethical actions.

This means that there would be little teamwork and instead a toxic environment would be the order of the day. Such a company cannot hope to survive for too long before it crumbles.

In conclusion, option D is correct.

Find out more on company culture at brainly.com/question/27778728

#SPJ1

7 0
1 year ago
The purpose of a PERT network is: to monitor the quality of a product for compliance with ISO 9000 standards. to monitor the pro
aliina [53]

Answer:

The correct answer is the second option: to monitor the progress of a multi-step project during its development.

Explanation:

To begin with, a <em>"Program Evaluation and Reviews Techniques"</em> or PERT as it name indicates it refers to an stadistic technique by which the companies can follow the process of certain projects that they are having currently. Moreover, its main purpose is to manage and analyze the steps that a project has in order to make them less susceptible to errors. In addition to that, its main factor to observe is the time during the steps of the project. Nowadays is very common to use a tool like this in major companies.

4 0
3 years ago
The manager can invest in an additional project that would require $40,000 investment in additional assets and would generate $6
Makovka662 [10]

Answer:

d. If the manager invests in the additional project, residual income of the division will increase.

Explanation:

RI = Operating Income - (Operating Assets x Minimum Required Rate of Return)

with adding the additional project

Operating Income: $60000 +6000 =$66000

Operating Assets: $375000+$40000 =$415000

Residual income =$66000-14%*$415000 =$7900

Consider the attached information.

7 0
3 years ago
Which of the following is typically considered a disadvantage of sole proprietorships? Multiple Choice Income taxes are paid by
matrenka [14]

Answer:

The answer is: Owner is personally liable for all debts of the business.

Explanation:

Sole proprietorship is the oldest type of business, where a single person is the owner of a business.

Some of the advantages of sole proprietorship are:

  • the simplest and most flexible business structure.
  • owner has complete control and full decision making powers
  • easy to close down the business
  • profits are taxed at the owner´s tax rate

Some of the disadvantages of sole proprietorship are :

  • owner is personally liable for all debts of the business .- if the business goes bankrupt, usually the owner does also
  • death or illness of the owner will lead to the end of the business.
  • difficulties in raising capital from outside sources
7 0
2 years ago
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