Answer:
0.5
Explanation:
A screenshot is attached to get the full solution
Since the coefficient is < 1, it is inelastic
Answer:
a. the rapid development of the Internet's capabilities.
Explanation:
It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization and the rapid development of the Internet's capabilities.
Globalization can be defined as the process of developing technology, people, investments, informations, products in order to create international influences across cultures and national markets or borders. This makes it possible for various multinational enterprise or companies to break into different markets across world and compete effectively with other companies.
Also, the rapid development of the Internet's capabilities gives various companies the ability and privilege to technology and software applications to seamlessly meet the needs of customers over the web such as cloud computing services, Internet of things (IoT) etc.
Answer:
C. A change from expensing certain costs to capitalizing these costs due to a change in the period benefited, should be handled as a change in accounting estimate.
Explanation:
The statement above describes or the other hand talks about expenditure and capitalization.
Therefore, expenditure is explained as either capitalized as a cost of the asset on the company’s balance sheet or it is expensed in the income statement of the incurred period.
Under IFRS, the following rules govern the categorization of the expenditure as an asset:
If the expenditure is expected to give economic benefits in future over several accounting periods.
If one can measure the cost reliably. Also, increases the assets on the company’s balance sheet.
Recorded on the cash flow statement as a cash outflow for investing.
Answer: The statement "A. The units in beginning inventory plus the units transferred out during the month should equal the units in the ending inventory plus the units transferred in during the month." is <u>FALSE.</u>
Explanation: The units in beginning inventory plus the units<u> </u><u>transferred in</u> during the month <u>MUST be equal</u> the units in the ending inventory plus the units <u>transferred out during</u> the month.
Answer:
270,000 units
Explanation:
Given that:
Beginning Inventory for finished goods: 31,000
Ending Inventory for finished goods : 41,000
Beginning Inventory for raw materials: 61000
Ending Inventory for raw materials: 51,000
Units planned to be sold: 260,000
We compute the produced finished goods = Ending inventory + Units sold − Beginning inventory
= 41,000 + 260,000 − 31,000 = 270,000
The number of units the company would have to manufacture during the year would be 270,000
