Based in the historical cost principle, the total cost of
the land would be the summation of all cost, either direct or indirect.
Therefore it would be:
Cost of Land = $90,000 cash + $5,000 commission + $7,000
demolishing
Cost of Land = $102,000
<span> </span>
Answer:
The statements which are most accurate for operations management majors is:
b. acquire skills and knowledge that are valuable to firms in both the manufacturing and service sectors.
Explanation:
It has been mentioned here is that
their is a fisherman named Aaron who had not yet decided about his major. Exploring different job opportunities and majoring in operations management is his thinking of doing in the upcoming days.
So, the statement which is most accurate for the management operations in jobs will be:
b. acquire skills and knowledge that are valuable to firms in both the manufacturing and service sectors.
Operation management: It is a term which is used by various organisations.
It has been used by different firms and all organisations to reach a level of efficiency by carrying out better administration and functions.
The statement above is TRUE. This is because, when the price of a commodity is set below the equilibrium price, the quantity demanded will exceed the quantity supplied. The rent control is meant to favour the consumers and because the price is now lower, the consumers will demand more while the supplier will supply less because their profits have been negatively affected.