1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andrew11 [14]
3 years ago
12

Which of the following describes a budget line? A curve showing various combinations of two products an economy can produce with

a specific amount of resources. A curve showing various combinations of three or more products a consumer can purchase at different prices. A schedule showing various combinations of three or more products a consumer can purchase at different prices. A curve showing various combinations of two products a consumer can purchase with a specific amount of income.
Business
1 answer:
Serjik [45]3 years ago
6 0

Answer:

A curve showing various combinations of two products a consumer can purchase with a specific amount of income.

Explanation:

Budget Line is a term or form of indication of consumer's budget constraints, which is used to describe several combinations of two commodities a consumer can buy considering both the prices of these commodities and a certain amount of income available to the consumer over a given period.

Hence, in this case, Budget Line can be best described as "a curve showing various combinations of two products a consumer can purchase with a specific amount of income."

You might be interested in
When a firm changes its capital structure by issuing or retiring debt, for example, this change alters the firms unlevered free
liubo4ka [24]

Answer:

True

Explanation:

Unlevered free cash flows represent the amount of cash a business has before meeting it's financial obligations such as operating expenses or periodic interest payments on borrowed funds.

When a firm issues further debt, it's available funds increase. Similarly, if a firm retires or repays it's debt, it's available funds decrease.

Therefore, change in capital structure by issue or retirement of debt alters a firm's unlevered free cash flows.

7 0
2 years ago
A new machine can be purchased today for $450,000. The annual revenue from the machine is calculated to be $72,000, and the equi
shutvik [7]

Answer:

7.98%

Explanation:

The Rate of Return (ROR) is the gain or loss of an investment over a period of time compared to the initial cost

Starting year 2, Annual O&M cost in year N = Annual O&M cost in year (N - 1) + $750

Annual net benefit  = Annual revenue - Annual O&M cost

In year 10, Annual revenue ($) = 72,000 + 35,000 salvage value = 107,000

Rate of Return (ROR) of Annual net benefit is computed using Excel11 IRR function as follows.

Year (N) Revenue ($) Cost ($) NAB ($)

0                                     4,50,000 -4,50,000

1               72,000 4,500 67,500

2               72,000 5,250 66,750

3               72,000 6,000 66,000

4               72,000 6,750 65,250

5               72,000 7,500 64,500

6               72,000 8,250 63,750

7               72,000 9,000 63,000

8               72,000 9,750 62,250

9               72,000 10,500 61,500

10              1,07,000 11,250 95,750

ROR of NAB = 7.98%

6 0
2 years ago
Predetermined overhead rates in traditional costing are often based on
sp2606 [1]

Answer:

a) direct labor cost for job order costing and machine hours for process costing.

Explanation:

As we know that the predetermined overhead rate is the rate which is to be computed by considering the total estimated manufacturing overhead cost and the estimated activity level i.e machine hours, etc

Under the traditional costing, in case of job order costing it ts based on direct labor cost while in the process costing it is based on machine hours

Hence, first option is correct

3 0
3 years ago
If Clancy's boss is interested in a graphical representation of the relationship between the price and quantity of televisions d
Anna35 [415]

Answer:

A demand schedule

Explanation:

A demand schedule is a table that shows how the quantity demanded varies with changes in prices. It is a table that explains the relationship between the price of a product or service and its demand. A demand schedule provides the same information as the demand curve. The only difference is that the demand curve uses graphical representation, while the demand schedule uses the table format.

Clancy should, therefore, prepare the demand schedule for her boss. It will give the same information regarding the relationship between price of televisions and the quantity demanded.

6 0
2 years ago
A(n) ____ cannot be changed or ended. irrevocable trust living will power of attorney revocable trust will
xxMikexx [17]
<span>Like its name implies, an irrevocable trust cannot be changed or ended. Grantors who transfer their assets into such a trust are effectively gifting them to it, revoking their ownership of said assets. This trust is often used as a more tax-effective way to protect an estate.</span>
5 0
3 years ago
Other questions:
  • Creative Computing sells a tablet computer called the Protab. The $740 sales price of a Protab Package includes the following: O
    6·1 answer
  • An owner of a local salon realized that by decreasing the prices that she charges for haircuts, her revenue has increased. This
    7·1 answer
  • Is universal credit the same as universal basic income
    11·1 answer
  • The new performance management system at the Long Island Jewish Medical Center (L.IJ.M.C.) was specifically designed to address
    11·1 answer
  • The method of analyzing capital investment proposals that divides the average annual income by the initial investment is:a.accou
    10·2 answers
  • Dorothy likes to invest in gold as part of her overall financial investment portfolio, as her gut tells her it will increase dra
    7·1 answer
  • When people engage in a collaborative process of identifying values, assumptions, and goals from which support for change will n
    12·1 answer
  • NewTel is a telephone company with a policy of filling positions internally through promotions, rather than hiring from outside.
    5·1 answer
  • PLZ HELP! I WILL GIVE BRAINLIEST+30 POINTS!
    10·2 answers
  • Bertha purchased 10 shares of BestSnack, Inc. stock for $200 per share; in one year, she sold the 10 shares for $220 a share. Ov
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!