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3 years ago

Answer the question on the basis of the accompanying production possibilities tables for two countries, Latalia and Trombonia.

1 answer:

5 0

The production possibility table shows that in Latalia the domestic real cost of 1 ton of pork is C. 5 tons of beans.

<h3>What is production?</h3>

It should be noted that production simply means the creation of goods and services for consumers.

In this case, production possibility table shows that in Latalia the domestic real cost of 1 ton of pork is 5 tons of beans. This is because 5 tons of beans will be sacrificed to produce the pork.

Learn more about production on:

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Rita Rodriquez obtained a 24 month

tatiyna

Answer:

True

Explanation:

snce rita times 4 to the power of rodriquez is 24 then this is proven to be true

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2 years ago

Write down the steps which are included in the planning phase of the data analysis process?

zysi [14]

Answer:

Step 1: Knowing and Defining your questions:

Step 2: Measurement

Step 3: Data Collection

Step 4: Analyzing the Data:

Step 5: Interpreting the results

Explanation:

Data Science is no doubt the most necessary science today. Every company, business or government need lots of data to make their decision making efficient and accurate.

For efficient decision making, data analysis is the key tool to utilize.

Data Analysis is basically the converting millions of billions of raw data into something useful out of it in terms of decision making of anything.

Data Analysis has 5 simple steps to follow, which are discussed below one by one.

Step 1: Knowing and Defining your questions:

Knowing right questions is the first and most critical steps in the data analysis process. Wrong questions will lead to wrong decisions. Therefore, make clear, concise and problem oriented questions.

For example: Our company is experiencing a downfall in revenues, can we afford to cut down the manpower?

Step 2: Measurement

For this step to complete, you must need to know what to measure and how to measure it.

For example: For cutting down of manpower, what type of data we need to measure? obviously we will be needing data relating to manpower and our companies revenues to generate the relation between them. Furthermore, it is equally necessary to know how to measure it. What factors do we include in it. What is our time frame etc etc.

Step 3: Data Collection

Obviously, this is the feed of all the process. For data analysis, you need to have sufficient data in the first place.

Step 4: Analyzing the Data:

After acquiring all the steps in the process, it is time to analyze the data more deeply. You will be searching for correlations in your data with your problem. In this step, you will be finding different parameters such as maximum, minimum, standard deviation, variance et. Moreover, you will needing graphs to plot the data that you have acquired.

Step 5: Interpreting the results

Lastly, you need to correctly interpret the results that you have got from the previous step. Right interpretation will lead to right decision making which will make a fortune of your company and wrong interpretation will lead to wrong decision making and you will be going otherwise,

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3 years ago

According to growth accounting studies, investing in research and education Group of answer choices is the best way to achieve g

kobusy [5.1K]

According to growth accounting studies, investing in research and education is the best way to achieve greater technological progress.

<h3 /><h3>What is growth accounting?</h3>

It corresponds to a metric to identify which are the factors that most impact economic growth, also finding the rate of technological progress of a business.

Therefore, the greater investment in research and education, the more effective growth accounting measurements will be for identifying technological progress.

Find out more about growth accounting here:

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4 0

2 years ago

If the beginning inventory for 2017 is overstated, the effects of this error on cost of goods sold for 2017, net income for 2017

Elis [28]

The answer overstatement, understatement and no effect. In addition, the incapability to record a purchase of commodities on account even still the goods are properly comprised the physical inventory results in an underestimation of liabilities and an overemphasis of owners’ equity

7 0

3 years ago

You have the following information for Waterway Industries for the month ended October 31, 2022. Waterway uses a periodic method

Sidana [21]

Answer:

Waterway Industries

A) The weighted-average cost is $28.527

B) Ending Inventory, cost of goods sold, gross profit:

(1) LIFO (2) FIFO (3) Average-cost

Ending Inventory: $2,660 $3,060 $2,853

Cost of goods sold: $7,895 $7,495 $7,702

Gross profit: $3,780 $4,180 $3,973

Explanation:

a) Data and Calculations:

Date Description Units Unit Cost Selling Price Total

Oct. 1 Beginning inventory 70 $26 $1,820

Oct. 9 Purchase 125 28 3,500

Oct. 11 Sale (95) 40 $3,800

Oct. 17 Purchase 95 29 2,755

Oct. 22 Sale (70) 45 3,150

Oct. 25 Purchase 80 31 2,480

Oct. 29 Sale (105) 45 4,725

Oct. 31 Ending inventory 100

Total: Goods available 370 $10,555

Goods sold 270 $11,675

Weighted-average cost = Cost of goods available/Units available

= $10,555/370 = $28.527 per unit

Periodic method:

LIFO:

Ending inventory:

Oct. 1 Beginning inventory 70 $26 $1,820

Oct. 9 Purchase 30 28 840

Total Ending inventory = 100 $2,660

Cost of goods sold = Cost of goods available - Ending inventory

= $10,555 - $2,660 = $7,895

Sales Revenue $11,675

Cost of goods sold 7,895

Gross profit $3,780

FIFO:

Ending inventory:

Oct. 17 Purchase 20 29 $580

Oct. 25 Purchase 80 31 2,480

Total Ending inventory = 100 $3,060

Cost of goods sold = Cost of goods available - Ending inventory

= $10,555 - $3,060 = $7,495

Sales Revenue $11,675

Cost of goods sold 7,495

Gross profit $4,180

Average-cost:

Ending Inventory = $2,853 ($28.527 * 100)

Cost of goods sold = Cost of goods available - Ending inventory

= $10,555 - $2,853 = $7,702

Sales Revenue $11,675

Cost of goods sold 7,702

Gross profit $3,973

7 0

3 years ago