A basic concept in economics is that all resources are scarce.
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Explanation:</u></h3>
There are wants, needs and desires that are unlimited in nature with respect to humans. Resources are very essential for the survival of human beings. The distribution of these scare resources is studied by the Economics. Free goods refer to those goods that come without any cost associated with that.
The resources that are available naturally is scarce because there are only finite quantity available for the utilisation. Some of the examples of scarce resources include raw materials, workers, etc that are very essential for the production of the scarce goods.
Answer:
The best answer is "D"
Explanation:
Research and development costs are expensed when incurred, except when the research and development expenditures result in a successful patent.
Answer:
B. Remeasurement.
Explanation:
Remeasurement -
It is the process in which the values of a physical asset or company;s financial statements or the foreign currency , are re - evaluated .
It is the method to of reestablishing the value of the item , in a few situation ,
The first is the land , as the value of the land changes a lot and and can not be reflected in the balance sheet correctly .
The advantage of Remeasurement is to maintain accuracy in the record data .
Hence ,
from the question ,
The correct term for the given data is ( b ).
Answer:
a. $969,000
Explanation:
Calculation for what The total product cost is
TOTAL PRODUCT COST
Direct Material Used $264,000
Direct Labor $300,000
Factory Overhead $405,000
Total Product Cost $ 969,000
($264,000+$300,000+$405,000)
Therefore The total product cost is $ 969,000
You go to Starbucks and see the price of a tall latte quoted as $3.00. You buy the latte and pay with $3.00 cash. In the first instance money serves as ___________ while in the second instance money serves as ___________.a unit of account; a medium of exchange
