Answer:
Explanation:
From the information given:
(a)
The total production available for the professional computers at the time Mexico uses all resources for production = 30
The total production of computer games at this time = 3 × 30 = 90
Thus, from above, the production possibility curve can be seen in the image attached below.
(b)
The opportunity cost of one professional computer is three computer games. This because, for them to produce one more computer, it is required that they give up three computer games.
(c)
Yes, it is subject to Increasing.
This because the opportunity cost of 1 computer = 3 games
For two computers = 2 × 3 games = 6 games
For three computers = 3 × 3 games = 9 games ... and so on.
(d)
Professional computer production is considered a Capital good.
(e)
Mexico should increase the production of professional computers because they help in more rapid economic growth.
Answer:
1.64
Explanation:
There are other appropriate calculators, too. Attached is the output of one of them. The z-value associated with the 95th percentile is 1.64.
_____
Another calculator shows the additional digits to be 1.64485, so rounding to 1.64 is appropriate.
As the beneficiary of a business trust, Kevin's liability for trust debts and obligations is nothing.
Answer:
$153,000
Explanation:
Under an installment sales method, the seller defers the recognition of gross profit on sale arising out of a transaction, unless money is actually received for such a transaction.
Rate of profit earned by Rigsby Sales Co. for sale of tract of land
= Sales proceeds - Cost
= $5,000,000 - $3,300,000
= $17,00,000
Rate of profit earned = 
= 
= 34%
Money received during current year i.e 2021 =
Down payment of $450,000
Thus, the revenue to be recognized and to be reported as per installment sales method for year ending on Dec 31, 2021 would be,
= Rate of profit earned on the transaction × Receipts during the period
= 34% × $450,000
= $153,000
Answer:
Correct option (5)
Explanation:
Division of labor refers to dividing each job into smaller task and assigning them to employees. These tasks are assigned to each employee based on their skills and abilities.
It helps in increasing efficiency of employees as well provides ease to production process. Division of labor also reduces production cost to a great extent.
