I believe the answer is A.) Utilities
Free enterprise pretty much says that people can sell whatever they want at a price they choose to whoever wants to but it. Becacuse of this people wanted to go out and make their own businesses where they sold the goods or services they chose to. So yes, I believe free market inspired people to become euntrapenures. For the next question, yes as well. With the amount of people selling different things the economy became more diverse.
Answer:
A Mary Kay consultant who deducts travel expenses and whose small customer base was mostly relatives who lived out of town.
Explanation:
A not for profit activity (or hobby) is something that you do simply because you like to do it and generally you should not make a profit from doing it.
A Mary Kay consultant is actually a salesperson whose job is to sell Mary Kay products. Whether she is able to make a profit or not is something different, but selling Mary Kay is actually considered work. Since they are independent consultants, they are considered independent contractors that must file their income taxes.
Answer:
The allocation method use if a company calculated the final sales value of its various products that are manufactured and then subtracts out identified separable costs is <u>Direct Allocation Method</u>
Explanation:
The direct method allocates costs directly to the producing departments based on relative use.
This method subtracts reciprocal services that incur additional costs For example, this method would ignore service provided by the data processing department to other support departments, such as personnel or maintenance.
Final sales value of its various products and services that are manufactured and the costs form a portion of the overhead cost of production, which is then allocated to inventory and the cost of goods sold.
This method provides a better picture of how costs are incurred, but requires more accounting effort. It also tends to delay the recognition of expenses until a later period, when some portion of the produced goods are sold.
Identified separable costs are then subtracted from final sales value.
Answer:
b. External failure, internal failure, prevention, and appraisal.
Explanation:
- The four qualities that are associated with the product associated quality are the external and the internal failures and precondition and appraisals.
- These are incorporated features that have a capacity to meets the demands of the customers and improving the satisfaction of the product and make them free form any deficiency and defects.
