Answer:
a. increasing opportunity costs as more and more of one good is produced
Explanation:
A production possibility frontier is a curve that shows the two combinations of goods an economy can produce given that its resocurces are fully employed.
The production possibility curves is bowed outwards because of increasing opportunity costs as more and more of one good is produced.
If more of one good is to be produced, more of the second good would be given up to increase the production of the first good.
The attached image is the graph of a production possibility frontier. At point A, the maximum amount of good X is produced with zero quantity of good Y. To increase production of good Y and move to point B, some quantities of good X would be given up. To further increase the production of good Y and move to point C, even more quantities of good X would be given up.
I hope my answer helps you
Answer:
a. Groupo sells goods to MTN for $1,000,000, payment due at delivery.
- transaction price = $1,000,000
- revenue recognized once the goods are delivered
No journal entry is required until goods are delivered and accepted.
b. Groupo sells goods on account to Grifols for $800,000, payment due in 30 days.
- transaction price = $800,000
- revenue recognized immediately since goods were already delivered
The journal entry:
Dr Accounts receivable 800,000
Cr Sales revenue 800,000
c. Groupo sells goods to Magnus for $500,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $464,000.
- transaction price = $480,000
- revenue recognized immediately since goods were already delivered
The journal entry:
Dr Notes receivable 500,000
Cr Sales revenue 480,000
Cr Discount on notes receivable 20,000
Answer:
Default bid amount and keyword list.
Explanation:
Veggies' keyword list should include all the words and phrases that describe his recipes and himself (or his business). Keywords are used by Google to decide where an ad will appear and to whom should they show them to.
Your ad's default bids will apply to all the keywords (included in your previous list) that don't have individual bids. This bid amount is how much you will pay per click of your google ad.
Answer:
Standard cost per unit= $282.6
Explanation:
Giving the following information:
Direct materials per unit: 3.00 pounds at $4.20 per pound
Direct labor per unit: 9.00 hours at $12 per hour
Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $18.00 per direct labor hour
The standard cost per unit is the sum of direct material. direct labor, and allocated overhead:
Standard cost per unit= 3*4.2 + 9*12 + 9*18
Standard cost per unit= $282.6
