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2 years ago

Why are production possibilities curves helpful for businesses?

Business

1 answer:

mamaluj [8]2 years ago

6 0

Answer: B - they show how producing one product affects production of another.

Explanation: Uses comparative advantage to allocate production factors, thus obtaining better efficiency

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A farmer must decide whether to sell his milk to a multinational food conglomerate or to join with other farmers to form a dairy

lidiya [134]

Answer:

The cooperatives help their member to focus their attention on their livestock while the cooperatives work to get the best prices for their products.

Explanation:

5 0

3 years ago

During 2018, TRC Corporation has the following inventory transactions.

Soloha48 [4]

Answer:

Results are below.

Explanation:

Giving the following information:

Jan. 1 Beginning inventory 48 $40 $1,920

Apr. 7 Purchase 128 42 5,376

Jul. 16 Purchase 198 45 8,910

Oct. 6 Purchase 108 46 4,968

For the entire year, the company sells 427 units of inventory for $58 each.

Ending inventory units= 482 - 427= 55

1)

Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units remaining in inventory.

Ending inventory= 55*46= $2,530

COGS= 48*40 + 128*42 + 198*45 + 53*46= $18,644

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,644= $6,122

2)

Under the LIFO (last-in, first-out) method, the ending inventory is calculated using the cost of the firsts units remaining in inventory.

Ending inventory= 48*40 + 7*42= $2,214

COGS= 108*46 + 198*45 + 121*42= $18,960

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,960= $5,806

3)

First, we need to calculate the weighted-average cost:

weighted-average cost= (40 + 42 + 45 + 46) / 4= $43.25

Ending inventory= 55*43.25= $2,378.75

COGS= 427*43.25= $18,467.75

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,467.75= $6,298.25

6 0

3 years ago

Which of the following is NOT among the principal managerial components of the strategy execution process?

kifflom [539]

Answer:

The incorrect statement is letter "A": Tying rewards and incentives directly to the achievement of strategic and financial performance targets.

Explanation:

The managerial strategy-execution process allows firms to come up with a well-established method to clarify, transmit, apply and handle their operations within the organization to reach the company's goals. The method aims to give the firm the highest efficiency possible while achieving its objectives.

Implementing employees' additional compensations is not part of this approach.

4 0

3 years ago

Which of the following non options would be automatically implemented by the insurer of the other options has been selected by t

polet [3.4K]

Answer:

D. Extended form

Explanation:

The extended form is a non forfeiture option which is included to extend the coverage for a limited period of time upon the failure of the policy holder to pay the premiums. Here, the policy holder stops to pay the premiums but keeps the full amount of the policy in force for whatever term the cash value permits.

It is the default non-forfeiture option that is, it is automatically implemented.

7 0

3 years ago

An interest in supervising other workers would be useful for someone who wanted to become

natali 33 [55]

If you want to be able to supervise people than you should be a manager.

4 0

3 years ago

Read 2 more answers