Answer:
The direct labor cost cannot be ascertained from the information given in the question
Explanation:
Direct materials+Direct labor cost= $8300000
In order to determine the labor cost of the $8300000, we need a clue as to the percentage of the labor cost in the total of $8300000 or the portion of $8300000 that belongs to direct materials.
Since such a hint is missing,we can simply guess, costs incurred cannot be shared out on a basis that has no relationship with reality,hence, the correct answer is that the direct labor cost cannot be determined based on details provided.
Answer: C) the government makes all important
economic decisions.
<span>A centrally planned economy is an
economic system in which the government
makes all important economic decisions rather than leaving them to consumers and businesses.</span>
<span>In these type of economy, prices are
all controlled, the government sets plans, and the economy is handled by bureaucrats. </span>
Answer:
Explanation:
Question 27
If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.
Question 28
Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?
C. Accounts receivable are collected in cash.
Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.
It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.
Answer:
<u>Opportunity</u>
Explanation:
Corey notices a "backlash" against health food among people who eat out. He decides to open a restaurant that stresses "good home cooking" heavy with gravies , bread , oils , etc. Corey has identified and is trying to capitalize on an opportunity in the market environment.
O<em>pportunities are external thin</em>g .<em> You have to look for them , it is not something which come to you by it own .Instead you have to work hard for </em>it.
You should have the full knowledge about the external environment . You should have the knowledge about the market about people and should know about the taste and preferences of the people.
There is always an opportunities you just need to identify it . Here <em>Corey identify the need and he have the means to fulfill that need which als</em>o <em>essential</em> . Only identifying the opportunities is not the only thing but also you have the means to fulfill them . After that you can gain benefits.
Answer:
Absolute Advantage: The ability of an actor to produce more of a good or service than a competitor.
Comparative Advantage: The ability of an actor to produce a good or service for a lower opportunity cost than a competitor.
Explanation:
