Answer:
production possibilities curve (PPC)
Explanation:
The PPC is used to explain the tradeoffs that producers face when having to choose between 2 different alternative products or services. The more they choose of one product, the less they will be able to produce of the other product. Opportunity costs are the associated costs or benefits lost resulting from choosing one activity or investment over another alternative.
Answer:
$6618 annual payment
Explanation:
Employer's annual contribution = $1500 until trust fund distribution
trust fund distribution = $25000
years to trust fund distribution = 20 years
To calculate the amount she must deposit to make up the amount ( future required amount ) she will pay the difference between the required value and the contribution from her employer + trust fund distribution
future value = 1500 FVIFA(8%,30) + 2500 FVIFA( 8%,10)
= 169924( 1500*113.28) + 53973 = 223897
therefore the required total of what she should deposit = 973633 - 223897 = 749735
the amount she must deposit annually is calculated as
749735 ( total payment ) = annuity * FVIFA(8%,30 )
ANNUITY = 749735 / 113.28
= $6618
NOTE : FVIFA (8%,30) and FVIFA( 8%,10) values are gotten from the FVIFA table
If it is a simple yes or no question then yes. If it is one that asks for an explanation then no. Like "Yes, but..." or "No, and..."
Hope this helps.
Answer:
The correct answer is credit to cash by $320..
Explanation:
According to the scenario, Journal entry of the given data are as follows:
Journal entry
Delivery expense A/c Dr $66
Merchandise inventory A/c Dr $219
Misc. Expense A/c Dr $35
To Cash A/c $320 ( $66 + $219 + $35)
(Being reimbursement of the account is recorded )
Hence, reimbursement of the account includes credit to cash by $320.
