Answer: A productions possibility frontier is a curve which <u>shows various combinations of set of two goods</u> which can <u>be produced with the given resources and technology</u> where the <u>given resources are fully and efficiently utilised per unit time. </u>
Answer:
C. the amount of cost placed into production during the period.
Explanation:
The Cost of Goods Manufactured comprehends all direct materials, direct labor, and factory overhead incurred during the period. Adding the beginning work in process inventory and deducting the ending work in process Inventory.
Formula: COGM
Direct Materials Used (Beggining Iinventory + Purchases - Ending Inventory)
+ Direct Labor Used
+ Manufacturing Overhead
+ Beginning Work in Process (WIP) Inventory
- Ending Work in Process (WIP) Inventory
Answer: Organisations such as IASB and FASB
Explanation: Conceptual framework refers to the system that helps the organisations such IASB and FASB to create rules and standards for financial reporting, that will eventually help the users of financial statements.
This framework consists of ideas and objectives for the above mentioned boards.
Thus, the conceptual framework serves authorities such as IASB and FASB.
Answer:
240= 3Qc + 3Qd
Explanation:
The computation of the Daniel's budget constraint is shown below;
Given that
Daniel's income= $240
Price of cake (Pc) =$3
Price of donuts (Pd) =$3
So spending on cake = 3Qc
And,
Spending on donut= 3Qd
Finally
Total spending = 3Qc + 3Qd
Now the equation of budget constraint is
Income= (quantity of cake)(price of cake) + ( quantity of donut)(price of donut)
So,
Income= Qc Pc+ Qd Pd
240= 3Qc + 3Qd
Answer:
$415,000
Explanation:
The movement between the opening and closing cash balances is as a result of the net cash flows from the operating, investing and financing activities. This are the basic elements of a cash flow statement.
Let the cash flow from operations for 2008 be T
$90,000 + T - $250,000 - $150,000 = $105,000
T = $105,000 + $250,000 + $150,000 - $90,000
T = $415,000
Upper Crust's cash flow from operations for 2008 is $415,000
