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kicyunya [14]
3 years ago
10

What does a production possibilities curve represent? a combination of price and demand of goods and services a combination of t

he goods produced before and after a change in a factor of production a combination of two factors of production used to produce a single good or service a combination of two goods that can be produced using limited resources
Business
2 answers:
Tema [17]3 years ago
8 0
Answer; 
<span>Combination of two goods that can be produced using limited resources</span>

Explanation;
A production possibilities curve is a graphical representation of the alternative combinations of goods and services an economy can produce. Considering the fact that an economy's factors of production are scarce; they can not produce an unlimited quantity of goods and services, a production curve is crucial in determining the alternative combinations of goods and services. For example if the curve is a straight line, it means the for every unit of good y relinquished, an additional unit of good x can be produced. 
Evgen [1.6K]3 years ago
7 0
The answer is a combination of two goods that can be produced using limited resources.

In order for a economy to be efficient, they must be able to decide on the products and services they can produce with their limited resources. In this way, they would be able to address the needs of the people in that particular setting. It would help them lessen expenditures on raw materials that are not available to them. 
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The answer is C) indicate their desires to producers
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Judge whether the following statement is true or false.  ​One of the key​ player(s) that the financial manager works with is the
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Answer:

True

Explanation:

One of the key roles of any manager is controlling the operations under his authority, and the two main tools that a financial manager has to help him/her control the operations under his/her department are the financial controller (internal auditor) and the external auditor firm. In an ideal world, the financial controller should be enough to do this job, but in the real world, things can get complicated and it is always better to have a different point of view. There is always the possibility that the financial controller is not performing his/her job properly, and the external auditor will help us notice this flaws.

8 0
3 years ago
Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2016. The units have a list
Furkat [3]

Answer:

a. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming that the gross method of accounting for cash discounts is used.

November 17, 100 units sold to Thomas Company, terms 2/10, n/30

Dr Accounts receivable 42,000

    Cr Sales revenue 42,000

November 26, invoice collected from Thomas Company

Dr Cash 41,160

Dr Sales discounts 840

    Cr Accounts receivable 42,000

b. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2021, assuming that the gross method of accounting for cash discounts is used.

November 17, 100 units sold to Thomas Company, terms 2/10, n/30

Dr Accounts receivable 42,000

    Cr Sales revenue 42,000

December 15, invoice collected from Thomas Company

Dr Cash 42,000

    Cr Accounts receivable 42,000

c. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2016, assuming that the net method of accounting for cash discounts is used.

November 17, 100 units sold to Thomas Company, terms 2/10, n/30

Dr Accounts receivable 41,160

    Cr Sales revenue 41,160

November 26, invoice collected from Thomas Company

Dr Cash 41,160

    Cr Accounts receivable 41,160

6 0
3 years ago
Cost of direct materials used in production $18,573 Direct labor 23,083 Factory overhead 33,632 Work in process inventory, March
GalinKa [24]

Answer:

cost of goods manufactured= $81,204

Explanation:

Giving the following information:

Cost of direct materials used in production $18,573

Direct labor 23,083

Factory overhead 33,632

Work in process inventory, March 1 24,104

Work in process inventory, March 31 18,188

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 24,104 + 18,573 + 23,083 + 33,632 - 18,188

cost of goods manufactured= $81,204

6 0
3 years ago
Accounts receivable and notes receivable are shown as a(n) ____ company's balance sheet. A. liability
Andrew [12]
D) Account receivable and note receivable are showing in Expense
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