Answer:
Remains constant
Explanation:
Since the same set of resources are useful in producing both cars and trucks, it shows that resources are not specialized hence Russia has a straight line PPC. A straight line (linear) PPC connotes constant returns to scale. In this case, resources are mobile and can easily be reallocated and redirected from the production of one good to another thus, opportunity cost is constant and so is the marginal rate of transformation (MRT). The MRT is the number of units or amount of a good that must be foregone in order to attain one unit of another. If Russia decides to produce more cars and fewer trucks, the resources deployed in producing more cars would be well suited as the resources already used in car production. The opportunity cost in producing each additional unit of car remains constant as more cars are produced.
The slope of a linear PPC determines the marginal rate of transformation; that is, a flatter slope would mean producing more cars requires trading-off fewer trucks while a steeper slope would mean that producing more cars requires trading-off more trucks.
<span>Sport organizations now seek to make money from “rights fees” paid by: </span>the electronic media that want to sell sport audiences to advertisers.
In every sports match, there is usually a time slot when the match is halted before moving to the next round. This time slot is utilized by the sports organization to be used as an advertisement and will be given to the company with the highest bid.
Answer:
We fail to reject the Null hypotheses that the average amount of money a typical college student spends per day is less than $70.
Explanation:
A professor of statistics claimed that the average amount of money a typical college student spends per day during social distancing at home is over $70.
Based upon previous research, the population standard deviation is estimated to be $17.32.
The professor surveys 35 students and finds that the mean spending is $67.57.
Is there evidence that the average amount spent by students is less than $70?
For the given problem the Null hypotheses is that the average amount of money a typical college student spends per day is less than $70.
For the given problem the Alternate hypotheses is that the average amount of money a typical college student spends per day is over $70.
The test statistic is given by
Where X_bar is the sample mean spending that is $67.57, μ is the average population spending that is $70, σ is the standard deviation that is 17.32 and n is the sample size that is 35.
The p-value corresponding to the z-score of -0.83 at significance level 0.10 is found to be
p-value = 0.2036
Since 0.2036 > 0.10
We fail to reject the Null hypotheses that the average amount of money a typical college student spends per day is less than $70.
Answer: the correct answer is measuring salaries expense
Explanation: US GAAP means Generally Accepted Accounting Principles.
The primary difference between the two systems is that GAAP is rules-based and IFRS is principles-based. GAAP does not allow for inventory reversals, while IFRS permits them under certain conditions. Another key difference is that GAAP requires financial statements to include a statement of comprehensive income.
Answer:
Cash $50,800
Accounts receivable $91,700
Inventory $125,700
Land $62,500
Buildings (net) $75,100
Equipment (net) $70,000
Trademarks $15,600
Goodwill $111,180 (Balancing figure)
To Accounts payable $206,000
To Note payable $133,000
To Cash $251,100
(Being the purchase is recorded)
Explanation:
The journal entry is shown below:
Cash $50,800
Accounts receivable $91,700
Inventory $125,700
Land $62,500
Buildings (net) $75,100
Equipment (net) $70,000
Trademarks $15,600
Goodwill $111,180 (Balancing figure)
To Accounts payable $206,000
To Note payable $133,000
To Cash $251,100
(Being the purchase is recorded)
For recording this we debited the assets as it increased the assets and credited the current liabilities as it also show rise in the current liabilities
In addition to this, the balancing figure is debited to goodwill account
Moreover, the fair value of land, inventory ,and trademarks are considered while recording this journal entry
