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3 years ago

A point inside the production possibilities curve represents a combination of goods that is

Business

1 answer:

Savatey [412]3 years ago

8 0

Answer: EFFICIENT

Explanation: Production possibility Curve or frontiers is a graphical representation of the combination of two goods to give an efficient output or outcome considering the prevailing market conditions.

Production possibility Curve is used by business managers to determine which product combination can a business organization derive maximum or efficient benefits. A point in the curve of the production possibility Curve represents/ shows a combination of goods that is efficient considering the prevailing market conditions.

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Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts

sineoko [7]

The amount of the bad debts expense adjusting entry is:$7665.

<h3>Bad debt expenses</h3>

Using this formula

Bad debt expenses=Sales×Estimated sales percentage

Where:

Sales=$1,095,000

Estimated sales percentage=0.7%

Let plug in the formula

Bad debt expenses=$1,095,000×0.7%

Bad debt expenses= $7,665

Therefore the amount of the bad debts expense adjusting entry is:$7665.

Learn more about bad debt expenses here:brainly.com/question/18568784

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2 years ago

What is the key difference between the Consumer Price Index (CPI) and the GDP deflator? A. The GDP deflator includes imports,

stellarik [79]

Answer:

<h2>The correct answer in this case is option D. or The two indexes measure price changes for different "baskets" of products.</h2>

Explanation:

Both GDP deflator and Consumer Price Index(CPI) measure the variation or fluctuation in the price level of goods and services in the economy.GDP deflator is measured based on the variable baskets of goods and services produced by any country or economy.In other words,GDP deflator is estimated based on the costs or market value of a specific basket of goods and services produced by the country or economy which is compared with the cost or market value of the same set of goods and service in any previous base year.Under GDP deflator,this basket of goods and services varies periodically.CPI also uses the same concept but the specific basket of goods and services used to calculate CPI is fixed and does not vary over time or periodically,unlike GDP deflator.

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3 years ago

An economist left her $100,000-a-year teaching position to work full-time in her own consulting business. In the first year, she

Lapatulllka [165]

D. Accounting loss but not an economic loss

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4 years ago

Shunda Corporation wholesales parts to appliance manufacturers. On January 1, Shunda issued $30,000,000 of five-year, 10% bonds

ahrayia [7]

Answer and Explanation:

a. The Journal entry is shown below:-

1. Cash Dr, $32,433,150

To Premium on Bonds Payable $2,433,150

To Bonds Payable $30,000,000

(Being Sale of bonds is recorded)

2. Interest Expense Dr, $1,297,326

($32,433,150 × 4%)

Premium on Bonds Payable Dr, $202,674

To Cash $1,500,000

($30,000,000 × 5%)

(Being First semiannual interest payment, including amortization of premium is recorded)

3. Interest Expense Dr, $1,289,219

($32,433,150 - $202,674) × 4%

Premium on Bonds Payable Dr, $210,781

To Cash $1,500,000

(Being second semiannual interest payment, including amortization of premium is recorded)

($30,000,000 × 5%)

b. Annual interest paid $3,000,000

Less: Premium amortized $364,094

($202,674 + $161,420)

Interest expense for first year $2,635,906

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3 years ago

The journal entry Southland, Inc. would record for the return of merchandise purchased on account under a perpetual inventory sy

RideAnS [48]

Answer:

d. Debit Accounts Payable, credit Purchase Returns and Allowances

Explanation:

When merchandise is purchased, the entries required are

Debit Inventories

Credit Cash/ Accounts payable

Depending on whether cash was paid or the purchase was done on accounts. When a return of the purchased items is done, a reversal of the entries posted earlier is done by;

Debit Cash/Accounts Payable

Credit Inventory

To recognize the return of merchandise purchased earlier. However, the inventory ledger usually has a subledger for tracking returns. This is known as the purchase return subledger/account and as such, that is where the credit entry goes to when a return is made.

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4 years ago

Read 2 more answers