Answer:
expensed in the period in which the product is manufactured.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.
Generally, a product cost or the cost associated with the manufacturing of a particular product is expensed within the period in which it was manufactured by the firm.
The mass conversion of currency is known as <u>capital flight</u>.
Capital flight is the widespread outflow of financial resources and money from a country as a result of factors like political or economic unrest, currency depreciation or the implementation of capital controls. Capital flight can be either legal—as when international investors return funds to their home nations—or illegal—as when countries impose capital controls that prevent the export of assets.
Poorer countries can suffer greatly as a result of capital flight because it hinders economic progress and may degrade living conditions. Contrary to popular belief, open economies are less susceptible to capital flight because investors are more confident in their long-term prospects as a result of transparency and openness.
To learn more about open economy see:
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The complete question is
What are your goals when responding to the previous scenario? Check all that apply
To reduce bad feelings
-To maintain a positive image of you and your organization
-To convey fairness .
Answer:
To reduce bad feelings
-To maintain a positive image of you and your organization
-To convey fairness .
Explanation:
Base on the scenario been described in the question, it will be good to explain the bad news and your reasons clearly and fairly. Don’t make promises that will be difficult make, because it will show a bad image of your company. The three goals will be applied
Increase in capital gains yield
An accounting transaction is a business activity or event that causes a measurable change in the accounting equation is described below.
Explanation:
- Owner's Equity Assets Liabilities Decreased Increased
- Received cash for services rendered Increase Decreased -
- Purchased office equipment on credit Increased Decreased
- Paid employees salaries. Decreased increased Received cash from customer in payment on account Decreased d
- Paid telephone bill for the month. Decreased
- Paid for office equipment purchased in transaction Decreased
- Purchased office supplies on credit. Increased and decreased Decreased Increased
- Owner withdrew cash for personal expenses Decreased Increased
- Obtained a loan from the bank Increased
- Purchased office equipment on credit ed increased Decreased
- Paid employees salaries Received cash from customer in payment on account.
- Paid for office equipment purchased in transaction 2 Decreases
- Purchased office supplies on credit. Decreased
- Owner withdrew cash for personal expenses. creased increased
- Obtained a loan from the bank Increased
- Billed customers for services rendered. Increased Increased
