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exis [7]
3 years ago
14

The shape of Spain's production possibilities frontier (PPF) should reflect the fact that as Spain produces more digital cameras

and fewer camcorders, the opportunity cost of producing each additional digital camera _________.
Business
1 answer:
Vilka [71]3 years ago
4 0

Answer:

Remain constant.

Explanation:

As Spain produces more digital cameras and fewer camcorders, the opportunity cost of producing each additional digital camera <u>remain constant. </u>

Production possibility frontier is a curve that show how different combination of product are produced using limited resources. It demonstrate that how production of one goods need to be decreased to produce higher number of other goods.  

Opportunity cost is constant, as tradeoffs are the same regardless of where you are on the line, same slope at any point.

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A firm has sales of $1,220, net income of $226, net fixed assets of $544, and current assets of $300. The firm has $101 in inven
Nady [450]

Answer:

11.97%

Explanation:

Common size statement value of inventory is where all accounts are expressed as a percentage of total assets.

Total assets = Net fixed assets + Current assets

= $544 + $300

= $844

Common size statement value of inventory = Inventory ÷ Total assets

= $101 ÷ $844

= 0.1197

= 11.97%

4 0
3 years ago
It costs $1 billion to build a new fabrication facility. You will be selling a range of chips from that factory, and you need to
pishuonlain [190]

Answer:

Explanation:

Find the workings in the attached

3 0
3 years ago
Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2016. January 1 balances in accounts receivable and a
tester [92]

Answer:

Lucia's cash flows from operating activities would be:

$132,000.

Explanation:

Accounts Receivable  End: $30,000  Beginning: $29,000 = -$1,000  

Accounts Payable    End: $24,000  Beginning: $26,000 = -$2,000  

Net Income : $ 135,000

To calculate the total cash flow from operating activities it's necessary to deduct of the Net Income the variance of these accounts which indicates a negative variance during the year, -$2,000 on accounts payable because the company paid more bills these year than before, and -$1,000 because the company expand their credit line to customers.

Cash Flow: $135,000 - $1,000 - $2,000 = $132,000.

4 0
3 years ago
Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January,
True [87]

Answer:

Missing word <em>"b. Determine the inventory balances at the end of the first month of operations."</em>

a) Income statement  

Sales                                                             $1,200,000

Cost of goods sold                                      <u>$675,000</u>

Gross profit                                                   $525,000

<u>Selling and administrative expense</u>

Selling expense                     $215,000

Administrative expense        <u>$125,000</u>

Total Selling and administrative expense  <u>$340,000</u>

Operating income                                        <u>$185,000</u>

b) Inventory balance

Raw material inventory ($250,000 - $180,000) = $70,000

Work in process ($180,000+$450,000+$180,000-$760,000) = $50,000

Finished goods ($760,000-$675,000) = $85,000

7 0
3 years ago
Airline Accessories has the following current assets: cash, $112 million; receivables, $104 million; inventory, $192 million; an
ioda

Answer:

Current Ratio = 2.67

Acid-Test Ratio = 1.50

Explanation:

Given:

Current assets:

cash = $112 million

receivables = $104 million

inventory = $192 million

other current assets = $28 million

Liabilities:

accounts payable = $118 million

current portion of long-term debt = $45 million

Long-term debt = $33 million

FInd:

Current ratio

Acid-test ratio

Computation:

Current assets = Cash + Receivables + Inventory + Other Current Assets

Current assets = [112 + 104 + 192 + 28] Million

Current assets = $436 million

Current Liabilities = Accounts Payable + Current portion of Long term debt

Current Liabilities = [118 + 45] million

Current Liabilities = $163 million  

Current Ratio = Current assets / Current Liabilities

Current Ratio =  $436 Million / $163 Million

Current Ratio = 2.67  

Acid-Test Ratio = [Current Assets – Inventories] / Current Liabilities

Acid-Test Ratio = [$436 Million - $192 Million] / $163 Million  

Acid-Test Ratio = $244 Million / $163 Million

Acid-Test Ratio = 1.50  

4 0
3 years ago
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