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aniked [119]
3 years ago
8

Alltech Company maintains a separate accounts receivable account for each customer. On June​ 18, Alltech provides $ 6 comma 100

of services on account to customer Anthony and $ 1 comma 600 of services on account to customer Walker. How will these two transactions affect the control and subsidiary​ accounts?
Business
1 answer:
AURORKA [14]3 years ago
6 0

Answer:

How will these two transactions affect the control and subsidiary​ accounts?

Explanation:

the control, account.

Accounts Receivable, will be increased with debit of $7,700

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Davis Florist has two employees, Anita and Jerome, and two tasks that need to be completed, floral arrangements and floral deliv
OlgaM077 [116]

Answer:

Davis Florist

a. (Anita, Jerome) __Jerome____ absolute advantage in floral arrangements. __Jerome____ (Anita, Jerome) has an absolute advantage in deliveries.

b. Anita’s opportunity cost of making one floral arrangement is ___0.75__

( 1.33, 0.75, .33, 3) deliveries. Anita’s opportunity cost of making one delivery is __1.33_ (1.33, 0.75, .33, 3) floral arrangements.

c. Jerome’s opportunity cost of making one floral arrangement is ___0.33__(.75,3,1.33..33) deliveries. Jerome’s opportunity cost of making one delivery is 3 (3, 1.33, .75, .33) floral arrangements.

d. (Jerome, Anita)_Jerome____ has a comparative advantage in floral arrangements. (Jerome, Anita)__Anita___ has a comparative advantage in deliveries.

e. Suppose that, initially, both Jerome and Anita spend four hours each day doing floral arrangements and two hours each day doing deliveries. Now suppose they change their tasks, so that each individual does nothing but the task in which she or he has a comparative advantage. How many more floral arrangements and deliveries could they produce each day?

____4_____ additional floral arrangements

____5____ additional deliveries

Explanation:

a) Data and Calculations:

Time it takes Anita to finish one floral arrangement = 30 minutes

Time it takes Anita to make a delivery = 40 minutes

Time it takes Jerome to finish one floral arrangement = 10 minutes

Time it takes Jerome to make a delivery = 30 minutes

b) Absolute Advantage: Jerome will finish 3 floral arrangements (30/10), whereas Anita can only finish 1 in 30 minutes.

c) Anita's opportunity cost is the time it will take her to make a delivery using the same time it takes her to finish one floral arrangement.  In 30 minutes time, she can only make (30/40) 0.75 deliveries.  Using 40 minutes of making a delivery, she can finish 1.33 (40/30) floral arrangements.

d) Anita's comparative advantage in making deliveries is based on her opportunity cost when compared with Jerome's opportunity cost of making deliveries.

                                          Floral            Delivery      Total hours

                                    Arrangement

e) Total time spent by

   Anita                                4 hrs              2 hrs          6 hrs

   Jerome                            4 hrs              2 hrs          6 hrs

                                                        Anita                  Jerome      Total

Number of floral arrangements     8 (240/30)        24 (240/10)   32

Number of deliveries                      3 (120/40)           4 (120/30)     7

                                                         Anita                  Jerome

Number of floral arrangements       0                       36 (360/10)  36

Number of deliveries                        12 (360/30)        0                 12

4 0
3 years ago
The law of increasing opportunity costs is reflected in a production possibilities curve that is: A. an upsloping straight line.
AnnyKZ [126]

The law of increasing opportunity costs is reflected in a production possibilities curve that is concave to the origin.

4 0
3 years ago
Read 2 more answers
Braun Company has one service department and two operating (production) departments. Maintenance Department costs are allocated
11111nata11111 [884]

Answer:

$154,900

Explanation:

The computation of the total cost of operating the assembly department as follows:

= Direct expenses of assembly department + allocated amount

= $123,400 + $52,500 × 69,000 ÷ (69,000 + 46,000)

= $123,400 + $52,500 × 69,000 ÷ 115,000

= $123,400 + $31,500

= $154,900

8 0
3 years ago
If the phillips curve represents a​ "________ relationship," then the trademinus−off between unemployment and inflation is perma
jekas [21]
The answer you’re looking for is “structural relationships”
6 0
3 years ago
Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew 7 gallons of root beer in a
Murljashka [212]

Answer:

Becky

Explanation:

A person has absolute advantage in the production of a good if she produces more quantities of the good compared to the other person.

Susan produces 4 pizzas in an hour while Becky produces 5 pizzas in an hour. So, Becky has an absolute advantage in the production of pizzas.

I hope my answer helps you

6 0
3 years ago
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