Answer:
B. They help you find unbiased information about the product’s actual performance.
Explanation:
Since the beginning of humanity, humans have been collecting and interpreting information to organize themselves into space and everyday actions. Planning, pondering and guiding are part of the routine.
Product evaluation systems are for the market as navigation systems are for transportation. In this sense, the compass is a good example. Prior to the use of this instrument, which identifies the north according to the earth's magnetic poles, traveling the seas was a great mystery that often ended in disaster.
External evaluations work in much the same way. They help managers identify the strengths and weaknesses of different areas of production and performance, allowing them to see where they are and where they want to go. Which brings us to a second point to consider when talking about evaluations: the context.
This is because it is not enough just to collect information from a compass: we have to have a map to interpret what this data means. The compass is, yes, fundamental, but suffers interference from local geographical conditions, for example.
It is only through good and extensive data analysis that good examples can be studied and product performances adapted to contexts.
They help you find unbiased information about the product’s actual performance.
Answer: False
Explanation: The expenses appear directly in the income statement and indirectly in the balance sheet.
It is useful to always read both the income statement and the balance sheet of a company, so that the full effect of an expense can be seen.
Complete Question:
Pribuss Engineering prepares its financial statements according to International Financial Reporting Standards. During 2018, the company incurred the following costs related to a new product design:
Research for New Design $2.4M
DVMPT of New Product $1.3M
Patent Filing Fees $52K
The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable. The project was successfully completed and the new product was patented before the end of the 2018 fiscal year. What amount should Pribuss expense in its 2018 income statement related to the above expenditures?
Answer:
The Research expenses of $2.4M that are written as expense in the Income statement and the Development costs of $1.3M and patent legal fees of $53k are capitalized.
Explanation:
The reason is that the International Standard IAS 38 Intangible Assets says that the expenditure incurred on the research that hasn't entered development phase must be written as expense in the year and the expenditure incurred on the development phase of the research outcomes must be capitalized to the extent it is ready for use. In this case $1.3M is clearly a development cost and patent legal fees of $53k is the expenditure that will prepare the asset and making it ready for use, so it must also be capitalized.
a. Productivity
b. Technology
c. Business Model
c. Cost of Resources
Answer:
It is Business Model (C)
Explanation:
Option (A) False. An increase in the productivity of a factor of production will reduce unit cost of production and thereby causes supply to increase.
Option (B) False. Improvements in technology increases the productivity of the company which results in an increase in supply. It also reduces unit cost of production in the long-run.
Option (C) True. This is an internal approach to successful operation of the business. Hence, it shouldn't cause changes in supply
Option (D)False. A change in production costs will affect the quantity that can be supplied.
Answer:
business model is not a factor
Explanation:
b. lending your best friend $25.00 to buy a guitar
c. opening a savings account at a bank that pays high interest
d. comparing camera prices at different store before buying one
The correct answer is no.
Natural Resources are things that occur in nature that can be used for economic gain. Since flour is a processed product and does not occur in nature it is not a natural resource.
the correct answer is no