Answer:
C. operating costs that are expensed in the accounting period in which they are incurred
Explanation:
Non Manufacturing expenses are Period costs. Period Costs are the operating costs that are expensed in the accounting period in which they are incurred. Examples include selling and administrative expenses.
Remember All Manufacturing expenses are Product Costs and are used in Inventory Valuation, Setting Selling Prices and Profit determination.
A sample savings plan for a college student based on the given requirements would be:
- Daily savings: $500
- Weekly savings: $3,500
- Monthly savings: $14,000
- Yearly savings: $168,000
- It would 6 months of saving to get $84,000
<h3>What is a Savings Plan?</h3>
This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.
Hence, we can see that the useful information to be used is:
(Yearly)
- College fees: $30,000
- Housing: $24,000
- Food: $16,000
- Books: $12,000
- Total: $82,000
Read more about savings and budget here:
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A perfectly competitive market helps ensure that the products produced are the goods that consumers want demonstrates the concept of allocative efficiency.
<span>Allocative efficiency defines a state of the economy in which production represents consumer preferences and it is a characteristic of an efficient market.
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It can impact your ability to be approved for bank loans.
Answer:
a. .938 If the exchange rate is less than this, it costs more dollars to buy a tall latte in the U.S. than in the Euro area.
Explanation:
We can see in the example that the Euro is cheaper than the dollar in purchasing-power parity. More specifically, the exchange rate is .938 euros per dollar.
This is why it is more expensive to buy a tall latte in the U.S. than in Europe. The Euro is cheaper.
