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Klio2033 [76]
3 years ago
12

Which statement about natural resources is NOT true?

Business
2 answers:
svet-max [94.6K]3 years ago
6 0

Answer:

B.

The amount of natural resources has a big effect on its economy.

Semenov [28]3 years ago
3 0

Answer:

C is wrong

the rest are correct

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Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
qwelly [4]

Answer:

<u>Cost of goods manufactured schedule for Case1</u>

Opening Work In Process                  $1,000

Add Total Manufacturing Costs       $16,000

Less Ending Work In Process          ($3,000)

Cost of goods manufactured           $14,000

<u>Income statement for Case 1</u>

Sales                                                                                              $24,500

Less Sales discounts                                                                     ($2,500)

Net Sales Revenue                                                                       $22,000

Less Cost of Goods Sold

Beginning Finished Goods Inventory                 $3,300

Add Cost of goods manufactured                     $14,000

Less Ending Finished Goods Inventory            ($3,400)          ($13,900)

Gross Profit                                                                                     $8,100

Less Operating expenses                                                           ($2,500)

Net Income                                                                                    $2,500

<u>Current assets section :</u>

Inventory :

    Raw Materials                                      $600

    Work In Process                               $3,000

    Finished Goods                                $3,400

Receivables (net)                                 $15,000

Prepaid Expenses                                    $400

Cash                                                      $4,000

Total Current Assets                          $26,400

Explanation:

Part b

Cost of Goods Manufactured = Opening Work In Process + Total Manufacturing Costs - Ending Work In Process

Part c

Income statement shows the Profit earned during the reporting period

Profit = Gross Profit - Operating expenses

Part d

The current assets section will include assets of a short term nature (not exceeding a period of 12 months). For a manufacturing company, it is important to show each inventory balance in the inventory categories of Raw Materials, Work In Process and Finished Goods among other items.

Note : Current Assets are shown in their order of liquidity in the Balance Sheet as above.

3 0
3 years ago
An oligopoly is a market in which a the actions of one seller in the market have no impact on the other sellers' profits. b firm
Sunny_sXe [5.5K]

Answer:

The correct answer is option d.

Explanation:

An oligopoly is a market structure where there are a few producers producing homogeneous products or similar products which are close substitutes. Because of a few firms, there is a high degree of competition in the market.  

The market decisions of a firm affect its rivals, so all the firms are interdependent on each other.  

The firms are price makers. There is high restrictions on entry of firms in the market.

4 0
3 years ago
(consider this) consumers might leave a fast-food restaurant without being served because:
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The reason why consumers leave without being served because the consumers must have felt mad or upset about the service being served to them-- causing them to leave their orders or to even wait for their time for their turn of having to get their menu taken.
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3 years ago
____ describes the average level of ability, experience, personality, or any other factor on a team. team performance team confo
SVETLANKA909090 [29]
C. team level. should be correct
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3 years ago
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Tolton, Inc. is just shy of hitting its operating income target. The manager, K.T. Tolton, decides to purchase inferior material
mario62 [17]

Answer:

Net income increase - $4,890

Explanation:

The computation of the effect on net income is shown below:

= Number of pounds of inferior product × (standard price for the materials - inferior product price per pound)

= 3,000 pounds × ($13 - $11.37)

= 3,000 pounds × $1.63

= $4,890 increase

For determining the effect we took the difference of the prices and then multiply it with the number of pounds of the inferior product

6 0
3 years ago
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