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3 years ago

Where would a point of underutilization appear on a production possibilities graph?

Business

2 answers:

horrorfan [7]3 years ago

6 0

Answer:

It appears below or left the side of the on Production Possibility Curve.

Explanation:

Underutilization means that an economy is producing below the production possibilities curve and there can be various reasons for Underutilization such as Famine, Disaster, War, Disease and Unemployment.

An Underutilization Economy is operating inefficiency and underutilizing available resources producing below the production possibilities curve.

zvonat [6]3 years ago

4 0

It would appear below or to the left of the production possibilities frontier

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At March 1, 2013, Minutemen Corp. had supplies on hand of $500. During the month, Minutemen purchased supplies of $1,200 and use

Degger [83]

Answer:

Explanation:

Opening stock Mar 1 2013 $500

Purchases in the month. $1,200

Used stocks in the month. $1,400

Closing stock at 31st Mar $ 300

Inventory Account. Dr. Cr

Opening stock. 500

Purchases. 1,200

Used stock. 1,400

Closing bal c/d. 300

Total. 1,700. 1,700

Balance b/f. 300

8 0

3 years ago

Read 2 more answers

3M Co. reports beginning raw materials inventory of $930 million and ending raw materials inventory of $880 million. 3M purchase

Naddik [55]

Answer:

raw material inventory turnover = 4.42

number of days sale in raw materials inventory = 21.97

Explanation:

given data

beginning inventory = $930 million

ending inventory = $880 million

purchased raw materials = $3,956 million

used raw materials = $4,006 million

solution

we get here first raw material inventory for turnover that is

raw material inventory turnover = $\frac{raw\ material\ used}{average\ raw\ material}$ ..............1

here average raw material inventory = $\frac{930+880}{2}$

average raw material inventory = $905 million

so from equation 1

raw material inventory turnover = $\frac{4006}{905}$

raw material inventory turnover = 4.42

and

now number of days' sales in raw materials inventory will be as

number of days sale in raw materials inventory = $\frac{ending\ raw\ material\ inventory}{raw\ material\ used}$ × 365 .............2

put here value

number of days sale in raw materials inventory = $\frac{880}{4006}$ × 365

number of days sale in raw materials inventory = 21.97

8 0

4 years ago

Hill Co. can further process Product O to produce Product P. Product O is currently selling for $60 per pound and costs $42 per

NARA [144]

Answer:

(A) True

Explanation:

Differential cost is the difference between the cost to produce Product O and produce Product P; in this case it’s the additional cost of $13 per pound to produce

So the statement “The differential cost of producing Product P is $13 per pound” is true

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3 years ago

Candice’s first job was at the grocery store making deli food. While in culinary school, she worked part time in a restaurant ki

jok3333 [9.3K]

Answer:

move up the career ladder

Explanation:

A career is a series of jobs that are related, whose foundation is based on interest, knowledge, training and experience. Moving up the career ladder means that one has continuously been growing in experience by moving from series of related jobs with fewer responsibilities to the one with more responsibilities within a specific profession.

Moving up the the career ladder also involve continuous advancement in education related to one's profession with a view to gaining more knowledge that would be applied to the chosen job hence above is an example of moving up the career ladder.

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3 years ago

During September, the capital expenditure budget indicates a $280,000 purchase ofequipment. The ending September cash balance fr

Mariulka [41]

Answer:

$260000

Explanation:

$280k purchase equiment >> Outflow of cash

$40,000>> Operative Cash >> Inflow Cash

$260k >> cash loan in order to achieve balance

------------------------------

$20000 >> Cash balance

5 0

3 years ago