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ASHA 777 [7]
3 years ago
14

The figures below depict the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time b

etween building wooden boats and solving crimes. Refer to these figures to answer the following questions.

Business
1 answer:
algol [13]3 years ago
5 0

Answer:

  • Gibb's opportunity cost of solving a crime = 3 wooden boats / 30 = 0.1 wooden boats
  • DiNozzo's opportunity cost of solving a crime = 1 wooden boat / 20 = 0.05

Even though DiNozzo has a comparative advantage in solving crimes (0.05 wooden boats per crime < 0.1 wooden boats per crime), Gibb's has an absolute advantage in solving crimes because he can solve 30 while DiNozzo can only solve 20 (Gibbs has also an absolute advantage in building wooden boats).

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How much money should Francesca set aside in her monthly budget in
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Explanation:

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3 years ago
A division's return on investment may be improved by increasing:
Kisachek [45]

Answer:

The correct answer is letter "A": capital turnover or sales margin.

Explanation:

Return on Investment, or ROI, measures the amount of return on an investment relative to the cost of investment. The return of an investment is divided by its cost to calculate ROI. The result is expressed as a percentage or as a ratio. Investments with positive ROI are likely to be successful while those with negative figures are possible to end up in losses.

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<em>To increase a division's ROI, the firm can increase the capital turnover (capital assets that allow the company to profit) or the sales margin (the difference between costs and the net profit of selling a unit of a product).</em>

5 0
4 years ago
Which of the following statements is not true for T accounts?
Sever21 [200]

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The excess of the debits of an asset account over the credits is the balance of the account and the excess of the credits of an owner's equity account or a liability account over the debits is the balance of the account.

5 0
3 years ago
What agency provides a tax clearance receipt in the sale of a business?
skelet666 [1.2K]
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3 0
3 years ago
Bird Brain Co. reported net income of $45,000 for the year ended December 31, 2016. January 1 balances in accounts receivable an
Alika [10]

Answer:

Option (A) is correct.

Explanation:

Cash flow from Operating Activities:

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= $45,000 + ($23,000 - $22,000) + ($28,000 - $26,000)

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Therefore,  Bird Brain's cash flows from operating activities would be $48,000.

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4 years ago
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