Answer:
A. An operating expense.
Explanation:
Since in the question it is mentioned that the self insurance activity i.e. accounted for an internal service fund that paid the amount of $365,000. Also as we know that the internal service fund is a proprietary fund so the claim should be reported as an operating expenses in the revenues, expenses and change in net asset statement
Therefore the correct option is a.
Quality management is the act of overseeing all activities and tasks that must be accomplished to maintain a desired level of excellence. This includes the determination of a quality policy, creating and implementing quality planning and assurance, and quality control and quality improvement.
Answer:
company sells a limited quantity of high-unit cost items.
Explanation:
A specific identification method can be defined as a method used for determining the ending inventories cost.
Basically, this type of method for costing inventories typically involves doing a well-detailed physical count of each goods bought on a specific date or a particular period of time, so as to determine the exact number of goods remaining by the end of the year's inventory. Therefore, each of the goods purchased are tagged with their unit price and any other additional charges.
Hence, the specific identification method of costing inventories is used when the company sells a limited quantity of high-unit cost items.
Answer:
The correct word for the blank space is: product life cycle.
Explanation:
The product life cycle is the period of time during which a product is conceived and developed, brought to market and late removed from the market. The cycle includes four (4) stages: <em>research and introduction, promotion and growth, maturity, </em>and <em>decline</em>.
Answer:
elastic.
Explanation:
The advertising elasticity of demand measures how sensitive a market and sales are to marketing expenses. Advertising elasticity is calculated by dividing the change in quantity demanded by the percentage change in advertising expenses. Generally products with low advertising elasticity tend to have elastic demands.
