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3 years ago

You are given the following total utilities of apples and mineral water obtained by

Business

1 answer:

andrezito [222]3 years ago

7 0

Answer:

2 apples and 6 bottles of water

Explanation:

since Bervin earns K22, her consumption possibilities frontier is:

apple water total utils obtained

4 units 1 unit 90 + 20 = 110 utils

3 units 3 units 75 + 54 = 129 utils

2 units 6 units 55 + 90 = 145 utils

1 unit 8 units 30 + 98* = 128 utils

0 units 11 units 0 + 98* = 98 utils

The optimal combination of apples and bottles of water is 2 apples and 6 bottles of water because that combination yields the most utils.

*Since the table only states the utils obtained until the 7th unit, we must assume that any additional unit consumed will provide 0 utils.

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Lindsey needs a car to get back and forth from her home in the city to her university, which are 4 miles apart. When shopping fo

Brilliant_brown [7]

Answer:

Impulse Buying

Explanation:

She isn't thinking about the long term effects of her purchase, like the repayments, but is instead thinking about her short term gain.

5 0

3 years ago

On June 1, 2022, Elite Service Co. was started with an initial investment in the company of $22,100 cash. Here are the assets, l

Helen [10]

Question Completion:

Cash $ 4,600

Accounts receivable 4,000

Supplies 2,400

Equipment 26,000

Total assets $37,000

Notes payable $12,000

Accounts payable 500

Service revenue 7,500

Supplies expense 1,000

Maintenance and repairs expense 600

Advertising expense 400

Utilities expense 300

Salaries and wages expense 1,400

Common stock 22,100

In June, the company issues no additional stock but paid dividends of $1,400.

Prepare an income statement, retained earnings statement, and balance sheet.

Check figures:

· Net income is $3,800.

· Total assets are $37,000.

· Total liabilities are $12,500.

Answer:

Elite Service Co.

a) Income Statement for the month of June 30, 2022:

Service revenue $7,500

Supplies expense $1,000

Maintenance and repairs expense 600

Advertising expense 400

Utilities expense 300

Salaries and wages expense 1,400 3,700

Net Income $3,800

b) Retained Earnings Statement for the month of June 30, 2022:

Net Income $3,800

Dividends paid 1,400

Retained Earnings $2,400

c) Balance Sheet as of June 30, 2022:

Cash $ 4,600

Accounts receivable 4,000

Supplies 2,400

Equipment 26,000

Total assets $37,000

Notes payable $12,000

Accounts payable 500

Total liabilities $12,500

Common stock 22,100

Retained Earnings $2,400

Total liabilities + Equity $37,000

Explanation:

Data and Calculations:

Cash $ 4,600

Accounts receivable 4,000

Supplies 2,400

Equipment 26,000

Total assets $37,000

Notes payable $12,000

Accounts payable 500

Common stock 22,100

3 0

2 years ago

Is a liability that represents the amount the company owes to others as a result of issuing a promissory note.

solong [7]

A note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.

<h3>What is a note payable?</h3>

It is a document that commits its issuer (the company) to pay a certain amount, within a specific period.

Its characteristic is the exchange action, which refers to the document being returned to the subscriber in exchange for payment.

Therefore, we can conclude that a note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.

Learn more about a note payable here: brainly.com/question/25738368

4 0

2 years ago

If a production function is getting flatter as number of workers hired increases from 12 to 13; then the total cost curve would

Paha777 [63]

Answer:

True

Explanation:

The production function is getting flatter since the marginal productivity of the 13th worker is lower than the marginal productivity of the 12th worker, e.g. the 12th worker produced 10 units per hour, the 13th worker only produces 9 units per hour.

The total cost curve will get steeper because the total cost of producing more goods will increase due to the lower marginal productivity of the 13th worker, e.g. since both workers earn $10 per hour, the units produced by the 12th worker will have a direct labor cost of $1 per unit, while the units produced by the 13th worker will have a direct labor cost of $1.11 per unit.

3 0

3 years ago

an investment property generates a cash flow of $420,000 and appraises for $8,800,000. what is the owner’s return on investment?

Licemer1 [7]

The owner’s return on investment is $4,583,000

Investment definition is an asset received or invested in to build wealth and keep money from the tough earned earnings or appreciation. funding that means is generally to reap a further source of profits or benefit take advantage of the funding over a selected period of time.

Making an investment is a powerful way to put your money to work and probably build wealth. smart investing may additionally allow your money to outpace inflation and boom in value. The greater growth potential of investing is primarily because of the power of compounding and the chance-go-back tradeoff.

Within the maximum sincere feel, investing works when you buy an asset at a low rate and promote it at a higher price. This sort of go back to your investment is called a capital benefit. earning returns with the aid of selling assets for a profit—or figuring out your capital profits—is one way to make cash investing.

$550,000 ÷ 0.12 = $4,583,000

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3 0

1 year ago