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3 years ago

When determining the production possibilities curve

1 answer:

4 0

<span>So when we are determining the production possibilities curve, the amount of productive resource remain constant or at least an assumption is made that the amount of resources is fixed while deriving the curve. This is done that way because to avoid fluctuations in the curve while analyzing the curve.</span>

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On December 1, 2021, the company received $9,000 in cash from another company that is renting office space in Falwell’s building

MrMuchimi

Answer:

From all indications,the two rents received have been posted wrongly, I want to believe that you are required to post the adjusting entries,hence my answer below:

The first $9000 was posted to deferred revenue,whereas only two months should have been

First rent:

DR Deferred revenue $3000

CR Revenue $3000

Second Rent

DR Revenue $6000

CR Deferred revenue $6000

Explanation:

The first $9000 was posted to deferred revenue,whereas only two months should have been deferred and December rent recognized as rent.

As far as the second rent is concerned only one month has been earned,as a result the revenue should be credited with just $3000 for December.

This then mean that revenue from the second property has been overstated in December by $6000,this necessitated by adjustment above.

8 0

3 years ago

Racing Motors wants to save $825,000 to buy some new equipment three years from now. The plan is to set aside an equal amount of

Salsk061 [2.6K]

Answer:

It will have to save 51,224.05 to reach their financial goal of 825,000 in thre years at the given market rate

Explanation:

We have to solve for the annuity-due future value installment

$FV \div \frac{(1+r)^{time} -1}{rate}(1+r) = C\\$

FV $825,000.0000

time 12 (4 quartes x 3 years )

rate 0.0445

$825000 \div \frac{1-(1+0.0445)^{-12} }{0.0445} = C\\$

C $ 51,224.043

8 0

3 years ago

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its ___________ and how

maria [59]

Answer:

Scarce resources.

Explanation:

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.

Hence, a proper allocation of scarce resources would improve the standards of living in a country.

3 0

3 years ago

Cabell Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating incom

natulia [17]

Answer:

9.1%

Explanation:

With regards to the above, margin is computed as;

Margin = (Net operating income ÷ Sales) × 100

Given that:

Net operating income = $2,597,140

Sales = $28,540,000

Margin = ($2,597,140 ÷ $28,540,000) × 100

Margin = 9.1%

3 0

3 years ago

Human resources planning relevant to organizational productivity

IgorC [24]

Answer:

Human resources planning is relevant to organizational productivity because it allows a company to maintain and better target the right talent for longevity. It also enables managers to better train and develop the skills needed in the workforce.

Explanation:

Human Resource planning is the foundation of a company's workforce talent. Employees are what make or break a company.

5 0

3 years ago