Answer:
<u>income statement using an absorption income statement format.</u>
Sales ( 480 × $1,960) 940,800
Less Cost of Sales ( 480×$1,350) (648,000)
Gross Profit 292,800
Less Operating Expenses
Variable selling and administrative expenses (480×$40) (19,200)
Fixed selling and administrative expenses $225,000 (225,000)
Interest Expense ($12,000)
Net Income $36,600
Explanation:
Absorption Costing Considers BOTH variable and fixed costs in product cost.Non-Manufacturing are treated as period costs.
<u />
Answer: The opportunity cost is the most desirable trade-off.
Explanation: Trade-offs refer to the choosing decisions that an individual faces when choosing between two-goods or making any other economic decision. For instance, a graduate may face a trade-off between choosing a job or starting up his own business.
While, opportunity cost is simply the cost of the lost alternative. For example, if the graduate chooses to start a business then his opportunity cost is the salary foregone from going for a job.
Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost. So we can say that they are the most desirable trade-off.
Answer:
b. The Federal Reserve purchases $400 million of T bills from dealers
Explanation:
The money supply is the amount of money in circulation measured by narrow money (MO) and broad money (M4). This is related with the increase in the money supply in the economy.
The <u>Resources</u> element of a business process includes people or computer applications assigned to roles.
Operations management includes three degrees: strategic, tactical, and operational.
at the maximum essential level, control is a subject that consists of a fixed five well-known capabilities: making plans, organizing, staffing, main and controlling. those 5 capabilities are a part of a body of practices and theories on how to be a successful supervisor.
Operations control (OM) is the enterprise feature answerable for dealing with the technique of introduction of products and services. It entails planning, organizing, coordinating, and controlling all the assets needed to produce an organization's items and offerings.
Learn more about Operations management here
brainly.com/question/1276995
#SPJ4
