The production possibility curve shows the different combination for output that can be produced from the resources and technology.
<h3>What is a PPC?</h3>
It should be noted that a PPC is simply a graph that's used to show the different combination for output that can be produced from the resources and technology.
In this case, the points show how much of the goods van be produced. Point E means underutilization.
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Answer:
B. minus$2,000.
Explanation:
The computation of the economic profit is shown below:
As we know that
Economic profit = Total revenue - Explicit costs - Implicit costs
= $35,000 - $30,000 - $7,000
= -$2,000
The implicit cost is come from
= $70,000 ×10%
= $7,000
We simply applied the above formula so that the economic profit could come
Answer:
$47,000
Explanation:
Computation for the net cash flows from operating activities using the indirect method.
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $28,000
Adjustments to reconcile net income to
Net cash provided by operating activities
Depreciation expense $15,000
Increase in Accounts Receivable -$2,500 ($8,000-$10,500)
Decrease in inventory $3,000
($21,000-$18,000)
Increase in accounts payable $5,000
(15000-10000)
Decrease in income taxes payable -$1,500 ($1,000-$2,500)
Net cash flows from operating activities $47,000
Therefore the net cash flows from operating activities using the indirect method is $47,000
Answer:
Net accounts receivable is $190,000 if Samuel, Inc. writes-off a customer account balance of $1,000.
Explanation:
Net accounts receivable = Accounts Receivable - Allowance for Doubtful Accounts
In Samuel, Inc., before write-off:
Net accounts receivable = $200,000 - $10,000 = $190,000
The company writes-off a customer account balance of $1,000 by the entry:
Debit Allowance for Doubtful Accounts $1,000
Credit Accounts Receivable $1,000
Allowance for Doubtful Accounts and Accounts Receivable decrease $1,000
Net accounts receivable after write-off = $199,000 - $9,000 = $190,000
