Answer:
The Production possibility Curve also known as Production Possibility Frontier PPF is the curve that depict the relationship in the production of 2 given goods in an economy e.g. Production of Wheat vs Production of cotton (<u><em>See Image). </em></u>
Explanation:
The curve basically shows 5 situations:
1. Point A: where all the production is devoted to Wheat
2. Point B: where all the production is devoted to Cotton
3. Points C: Any given point along the curve different to point A and B represent the trade off in the production of the 2 goods
4. Point D: Is an impossible point to achieve as it is outside the capabilities of the curve
5. Point E: Is an inefficient point of production as it is below the possibilities of production.
Answer: See explanation
Explanation:
Public companies are the companies which have their stocks traded on the public exchange market. Its ownership is organized through shares of stock.
Based on the information given, then the vice president and other executive managers will be considered insiders due to the fact they have information which are gotten internally.
Answer:
See the explanation below:
Explanation:
(1) May 2 entry to establish the fund
<u>Details Dr ($) Cr ($) </u>
Petty cash account 1,050
Cash 1,050
<em><u>To record the establishment of petty cash fund </u></em>
(2) May 30 entry to reimburse the fund
<u>Details Dr ($) Cr ($) </u>
Transportation-in 120
Postage expenses 369
Miscellaneous expenses 240
Shortage of fund 9
Petty cash account 738
<em><u>To record petty cash transactions during May </u></em>
Petty cash account 738
Cash 738
<u><em>To record the reimbursement of the petty cash fund. </em></u>
(3) June 1 entry to increase the fund to $1,200.
Additional amount to add = 1,200 - 1,050 = $150
The journal entries will be as follows:
<u>Details Dr ($) Cr ($) </u>
Petty cash account 150
Cash 150
<u><em>To record the increase of the petty cash fund to N1,200 </em></u>
Answer and Explanation:
A bond premium which is payable on bond is amortized will be amortized with a charge to the premium and an a good representative for intrigue cost, lessening it. On the off chance that amortization isn't recorded, intrigue cost isn't appropriately decreased and is exaggerated. The exaggeration of intrigue cost will bring modest representation of the truth of net gain and a modest representation of the truth of value
Answer:
Check the following explanation
Explanation:
Let us consider Porter’s Five forces strategy, in analyzing the particular scenario of Bank and that of the firm which produces T3MP chemical.
As the bank is an early mover in the issuance of ATM cards, the bank definitely got the competitive advantage. As an early mover, the bank faced very low threat of new entrants with regard to distribution of ATM cards. Therefore, the bank could capture a large area of urban region. Also, the switching cost for bank customers is quite high and in the case of banks, generally the individual customers prefer to stick to one or two banks. As an early mover, this was definitely an advantage to the bank. As a result, the bank also got a loyal customer base in the long run. When the brand loyalty was combined with the high switching cost of bank products; in terms of ATM, the entry of a potential competitor was difficult for the bank. Since the ATM cards are unique to each customer and bank, the ATM products adopts a generic differentiation strategy in terms of technology and point of locations. The place is definitely a competitive advantage of bank ATMs and being an early mover, they could capture a large share of customers in the urban areas.
As the ATM cards are specially made for the particular banks, they are definitely a tool for gaining advantage over the competitors. Hence the bank enjoys a definitive leadership in terms of its competitive advantage as an early mover where it could capture a large urban area, and in terms of technology where one bank’s ATM card doesn’t fit into another.
In the case of second firm, which has a 60 percent share of T3MP, faces the threat from substitute products. But T3MP has got the competitive advantage over its substitute product, due to the low bargaining power of customers. T3MP seems to have only a major substitute, whose market share seemed to have dented by the increase in price of the substitute. The low price of T3MP compared to the substitute is definitely a competitive advantage for the firm. This would decrease the competition from the substitute product which in turn will increase the sale of T3MP. Further, the substitute won’t be able to limit the growth of T3MP by setting a sealing price. The firm could increase its marginal returns through increased sale of T3MP. Thus the firm could capture the market share of the substitute which is twice as that of T3MP and could increase its revenue and earning potential.