Answer:
The correct answer is C.
Explanation:
The difference between the variable costing method and the absorption costing method, os that the last one includes the fixed manufacturing overhead in the product costs. This means that the units that remain in inventory at the end of the period will include fixed overhead. The cost of goods sold is lower in absorption costing only if not all the units produced are sold.
<u>If all the units produced are sold, both methods provide the same operating income.</u>
Every entry in the accounting book has an impact either on the debit side or on the credit side of the account. What comes in is credited and what goes out is debited.
<u>Explanation:</u>
With the investment made by the company for common stock, cash will be debited and the stocks will be credited. With supplies being purchased, cash again is debited and the supplies are entered on the credit side of the account book.
With land purchased, land is credited and the cash is again debited because it goes out of the company. With additional supplies purchased, assets in the form of purchase of supplies are increased but the liabilities also increase by the same amount because of the credit.
Answer:
The government
Explanation:
In the command economy, the government makes all economic decisions in the country. The command economy is also known as the command centrally planned economy. A central authority, which is the government decides what products will be manufactured, and they will be distributed.
The government makes economic plans for the country that outlines the level of production. It allocates resources required for production as per the plans. The government though its different agencies, owns the factors of production.
Here is the answer that completes the statement above.
Regarding the situation of Toby who runs a small deli downtown, if he is already maximizing his profits, therefore, we can say that the number or amount of delis will soon increase or rise. Hope this answers your question.