Answer:
3. the more resources a society uses to produce one good, the fewer resources it has available to produce another
Explanation:
The production possibilities frontier (PPF) is a curve that shows the trade-offs that a person, firm, or country has to incurr when producing two goods.
As economic agents have limited resources, they can only produce a limited amount of one good over the other.
If more resources are devoted to the production of one good, for example, butter, then, less resources are left for the production of the other good, for example, guns.
With each additional unit of butter produced, more resources are spent, which means that less resources are available to produce guns.
In other words, the opportunity cost of producing butter increases as more butter is made, causing the PPF to bow outward.
Answer:
Addison will have $ 1,661 in her account in nine years.
Explanation:
This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.
This problem can be solved by using simple compounding formula given below.
Future Value = Present Value (1+interest rate%)^-period
Future Value = 1,000 (1+5.8)^9
Future = $ 1,661
Answer:
a. According to the company's accounting system, what is the net operating income earned by product D14E? (Net losses should be indicated by a minus sign.)
b. What would be the financial advantage (disadvantage) of dropping product D14E? Should the product be dropped?
- financial disadvantage of discontinuing the produce is -$68,000, so the company should not discontinue the product since its losses would increase
Explanation:
total sales $670,000
- variable expenses $295,000
- fixed manufacturing expenses $246,000
- fixed selling and administrative expenses $194,000
net loss = $65,000
if product D14E is discontinued, $196,000 + $111,000 = $307,000, of fixed expenses can be avoided, but $133,000 are not avoidable. if the company discontinues the product, its losses will increase by $133,000 - $65,000 = $68,000
Answer:
a)
<em>The value added at each stage</em>
Stage Value added($)
1 1000
2 (2000-1000) = 1,000
3 (6,000- 2000) = 4,000
4 (10,000 - 6,000) = 4,000
b)
The amount by GDP is increased = $10,000
c) Reduce GDP
Explanation:
Gross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.
Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.
a)
<em>The value added at each stage</em>
Stage Value added($)
1 1000
2 (2000-1000) = 1,000
3 (6,000- 2000) = 4,000
4 (10,000 - 6,000) = 4,000
b)
The amount by GDP is increased = $10,000 which is the total value added or the market value of the final goods
c)
If the lumber were imported it would be deducted from the value of export and thus reduce GDP. Remember that GDP is the market value of all good and service produced within a given country over certain period of time .
Answer:
the transaction record as given below
Explanation:
given data
sold merchandise = $3,200
terms n/30
sales tax percentage = 6%
solution
as here with 6% sale tax payable is
sale tax payable = 6% of 3,200 = $192
and account Receivable will be $192 + $3200 = $3392
so
we get here the transaction record that is as
date title Dr. Cr.
25-Mar Accounts Receivable 3392
Sale 3200
Sales tax payable 192
25-Mar Cost of goods sold
Inventory
