Answer:
A) Country 1's PPF lies further to the right than country 2's PPF.
Explanation:
Production Possibility Curve shows the combination of two goods, that an economy can produce - by utilising given resources & technology best efficiently.
If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF. As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.
Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.
Answer:
porsche
Explanation:
i don't know that was the first thing that came to my head when I thought of p
Wald corporations should credit reatined earnings as $20,000 credited as revenue balance.
<h3>What is retained earning?</h3>
After paying all direct and indirect costs, income taxes, and dividends to shareholders, a company's profitability ratios are the amount of profit left over.
This is the part of the statement of financial position that can be utilized to invest in new equipment, research and development, and marketing, for example.
Revenues will enhance the retained profits balance, while expenses will lower it the reason behind this is they both come under the Income statement.
Therefore, retained earnings are considered as profitable income of the organization it is credited as revenue balance in the financial statement.
Learn more about retained earnings, here:
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Selfless service is what that definition follows.
Answer: $220,000
Explanation:
Using the Accrual Method of Accounting means that revenue is only to be recorded when it is earned i.e. when services have been delivered.
Any revenue received when the services have not been delivered will be recorded as Unearned Revenue.
With $528,000 in subscription revenue, the monthly subscription is;
= 528,000/12
= $44,000
From June to December would be 7 months so they would have earned;
= 44,000 * 7
= $308,000
The amount that they have not earned but have received would therefore be;
= 528,000 - 308,000
= $220,000
<em>This amount will be recorded after they finish deliveries of magazines in next year May. </em>