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2 years ago

If jorge produces 20 pounds of green beans, he can produce _______ pounds of corn

Business

1 answer:

aniked [119]2 years ago

6 0

If jorge produces 20 pounds of green beans, he can produce <u>240 </u>pounds of corn.

<h3 /><h3> Production Possibilities Schedule</h3>

Based on the Production Possibilities Schedule table given pound of green beans is 20 while pounds of corn is 240.

Based on this if he produces 20 pounds of green beans he can as well produce 240 pounds of corn.

Jorge's Production Possibilities Schedule

Pounds of Green Beans Pounds of Corn

20 240

Therefore If jorge produces 20 pounds of green beans, he can produce <u>240 </u>pounds of corn.

Learn more about Production Possibilities Schedule here:brainly.com/question/26492942

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All of the following are fees typically charged by credit card companies EXCEPT:

scZoUnD [109]

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3 years ago

Read 2 more answers

If a perpetual inventory system is in use _____. a physical inventory count is not required because the Inventory account is upd

marshall27 [118]

Answer: a physical inventory count should be taken at least annually

Explanation: That an inventory is perpetual does not discount the need for taking physical inventory at least once a year. This is important because it helps in the identification of shrinkage or shortages and to also test the accuracy of the perpetual records under use. Now, a perpetual inventory is a kind of inventory that tracks and records continuously, items as they are added to or subtracted from the inventory thus keeping it updated and aids in keeping the track of the cost of goods bought and sold.

6 0

3 years ago

Nature of Transactions Kristoff Walker operates his own catering service. Summary financial data for February are presented in e

vichka [17]

Answer:

A. Description for :

Transaction 1 - Provided catering service for cash

Transaction 2 - Purchase of land for cash

Transaction 3 - Payment of cash for expenses

Transaction 4 - Purchase of supplies on account

Transaction 5 - Withdrawal of cash by owner

Transaction 6 - Payment of cash to creditors

Transaction 7 - Recognition of cost of supplies used

B. The amount of the net decrease in cash during the month = 13,900

C. The amount of the net increase in owner's equity during the month = 3700

D. The amount of the net income for the month = 5500

E. The net income for the month was retained in the business = 3700

Explanation:

Description for :

Transaction 1 - Provided catering service for cash

Transaction 2 - Purchase of land for cash

Transaction 3 - Payment of cash for expenses

Transaction 4 - Purchase of supplies on account

Transaction 5 - Withdrawal of cash by owner

Transaction 6 - Payment of cash to creditors

Transaction 7 - Recognition of cost of supplies used

b.)

Net decrease = Closing Balance - opening Balance

= 27,600 - 13,700

= 13,900

⇒The amount of the net decrease in cash during the month = 13,900

c.)

Net increase in owner's equity = ( Opening capital balance - Drawing + Income earned during the year - Expenses incurred during the year ) - Opening capital

⇒Net increase = ( 92,700 - 1800 + 32,300 - 26,800 ) - 92,700

= 96,400 - 92,700 = 3700

⇒The amount of the net increase in owner's equity during the month = 3700

d.)

Amount of the net income for the month = Total Income - Expenses

= 32,300 - 26,800

= 5500

⇒Amount of the net income for the month = 5500

e.)

Net income for the month was retained in the business = Net Income - Drawings

⇒Net income was retained in the business = 5500 - 1800

= 3700

⇒Net income for the month was retained in the business = 3700

7 0

3 years ago

Head-First Company plans to sell 5,100 bicycle helmets at $72 each in the coming year. Variable cost is 62% of the sales price;

bonufazy [111]

Answer:

the sales revenue that Head-First must make to earn operating income of $73,120 is $324,000

Explanation:

Hi, first we need to find the units to reach an operating income = $73,120

Price=72

Var Cost= 72*0.62=44.64

Fixed cost= 50,000

With that in mind, let´s formulate the equation

$OperIncome=X(72-44.64)-50,000$

Where:

X= units to sell

everything should look like this

$73,120=X(72-44.64)-50,000$

$\frac{123,120}{(72-44.64)} =X$

$X=4,500$

So, Head First has to sell 4,500 units in order to make that $73,120 operating income mark. Therefore, the sales revenue will be 4,500*$72=$324,000

To check the aswer, please relate to the MS excel spreadsheet attached to this answer.

Best of luck.

Download xlsx

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3 years ago

Which of the following is not one of the three conditions that characterizes a perfectly competitive market? A. Firms have pric

mart [117]

Answer: Option A

Explanation: In simple words, perfect competition refers to a market structure in which the the market have a large number of small buyers and sellers.

Due to this high volume of small level buyers and sellers no single party has the power to influence the price. The price in such market are determined by the market forces of demand and supply.

Hence from the above we can conclude that the correct option is A.

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3 years ago