b $163,440.00
BTW, it is currently around $250,000.00 per child!
Answer:
$434
Explanation:
Net sales = $2,910
-Cost of goods sold = $1,560 (Working)
=Gross profit = $1350
-Operating expenses = $730
=Profit before Tax = $620
-Tax 30% = $186
=Net Profit/Net Income= $434
<u>Working</u>
Cost of goods sold = Cost of goods available for sale - Closing Inventory if LIFO is elected
Cost of goods sold = 2,430 - 870 = 1560
Answer:
If all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced
Explanation:
The concept of production possibility curve shows the different commodities that can be produced in a given economy, given the prevailing level of technology, if all available resources are efficiently utilized. The idea behind production possibility curve is that in other for in order to produce a particular commodity, the production of another commodity has to be scarified provided that i.e if all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced
Answer:
The postwar era, 1945-1950.
