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2 years ago

Analyse, using a production possibility curve (PPC) diagram, the effect of an increase in enterprise on an economy.

Business

2 answers:

Scorpion4ik [409]2 years ago

5 0

Answer:

i dont get it what pls perfect sentence

Alexxandr [17]2 years ago

3 0

Answer:

Describe economic growth using a PPC diagram.

Explanation:

Production possibility curve shows all different attainable combinations of the production of two commodities that can be produced in an economy given the resources and technology which are constant and fully utilized. Therefore to achieve any point beyond PPC, there is need for increase in the present supply of resources and technology which leads to an outward shift in PPC as overall production increases which results in economic growth as shown in the diagram.

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Stefan Ceramics is in the business of selling ceramic vases. It has two departments, molding and finishing. Molding department

Mandarinka [93]

Answer:

The following entries would be made.

Stefan Ceramics

Sr. No Particulars Debit credit

1 Merchandise Inventory 291600

Accounts Payable/ Cash 291600

For purchase of 720 kgs of tungsten carbide at $280 per kg (720*280=291600)

Accounts Payable or cash depending on whether material was purchased for cash or through accounts payable( creditors).

2 Work In Process 291600 Dr

Merchandise Inventory 291600 Cr

For use of 720 kgs of tungsten carbide . As there is no ending inventory the whole of the material is charged to production.

6 0

2 years ago

Denton Company manufactures and sells a single product. Cost data for the product are given below:

marissa [1.9K]

Answer:

1. The unit product cost under absorption costing and variable costing.

Product Cost : Absorption Costing = $23,44

Product Cost : Variable Costing = $19.00

2. Contribution format variable costing income statements for July and August.

July August

Sales 1,196,000 1,612,000

Less Cost of Sales : (437,000) (513,000)

Opening Stock 0 76,000

Add Production 513,000 513,000

Less Closing Stock (76,000) (76,000)

Contribution 759,000 1,099,000

Less Expenses :

Selling and administrative expenses

Variable : (23,000) (21,000)

Fixed : (169,000) (169,000)

Net operating income 567,000 909,000

3. Reconcile the variable costing and absorption costing net operating income

July August

Absorption costing net operating income $584,760 $891,240

Add Fixed Costs in Opening Inventory $17,760

Less Fixed Costs in Closing Inventory ($17,760)

Variable costing net operating income $567,000 $909,000

Explanation:

Product Cost : Absorption Costing = All Manufacturing Costs (Fixed and Variable)

= $5+$11+$3+($120,000/27,000)

= $5+$11+$3+$4.44

= $23,44

Product Cost : Variable Costing = Variable Manufacturing Costs

= $5+$11+$3

= $19.00

6 0

2 years ago

Which of the four methods of data collection is involved when a person counts the number of cars passing designated locations on

Klio2033 [76]

Counting the number of cars passing through designated locations on the Los Angeles freeway system is a method of observation of data collection, because a person uses all of their sense to examine in natural setting or naturally occurring situations. Observation of a field setting includes extended commitment in a setting or social situation, communicating attention in ways that is in some sense standardized and recording one’s observation.

5 0

2 years ago

Read 2 more answers

Benny the Barber owns a one-chair shop. At barber college, they told Benny that his customers would exhibit a Poisson arrival di

Sever21 [200]

Answer:

Below is the solution to the given problem

Explanation:

a. What is the average number of customers waiting?

With one barber and exponential service, this system fits Model 1 in the text. λ = 3.000 per hour (given), μ= 60/17 = 3.529 per hour.

You are looking for Lq here.

Lq = λ $^{2}$ / μ(μ – λ) = $3.00^{2}$ /3.529 (3.529 – 3.000) = = 4.82 customers

b. What is the average time a customer waits?

Wq = Lq/λ = 4.82/3.00 = 1.607 hours = 96.40 minutes

c. What is the average time a customer is in the shop?

You are looking for Ws here, and need to calculate Ls first.

Ls = λ / μ(μ – λ) = 3.00/3.529 – 3.000= 5.671

Ws = Ls/λ = 5.671/3.00 = 1.890 hours = 113.4 minutes

d. What is the average utilization of Benny's time?

ρ = λ/μ = 3.00/3.529 = 0.85 = 85.0%

7 0

2 years ago

Thornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31, 2022. No new loans

photoshop1234 [79]

Answer:

$4,320

Explanation:

The computation of the amount of interest capitalized for 2022 is shown below:-

The average interest rate based on the two interest-bearing liabilities

Total interest Total interest on

bearing liabilities each outstanding liability

$2,000,000 $2,000,000 × 8% = $160,000

$8,000,000 $8,000,000 × 4% = $320,000

$10,000,000 $480,000

Average interest rate = $480,000 ÷ $10,000,000

= 0.048

or 4.8%

Average accumulated expenses in year 2022 = $540,000 × 2 ÷ 3

= $360,000

The amount of interest to be capitalized in year 2022

= $360,000 × 4.8% × 3 ÷ 12

= $4,320

The amount of interest to be capitalized in year 2022 = $4,320

5 0

2 years ago