A person who produces work in the vernacular is one who

Which of the following reflect the balances of prepayment accounts prior to adjustment?

egoroff_w [7]

Answer:

The answer is Balance sheet accounts are overstated and income statement accounts are understated.

Explanation:

6 0

2 years ago

The law of increasing costs warns us that as demand increases, the cost of the product increases. as the cost of production incr

givi [52]

Answer: c). according to the ppf, as we produce more of one product, eventually we have give up more and more of the other product.

Explanation: PPF shows all possible combination of goods that a country can produce with its limited resources. The slope of a PPF is the opportunity cost which shows the units of goods that must be sacrificed to gain more and more units of the other good. As we move down the PPF the opportunity cost increases. This means that <em>more and more units of a good must be sacrificed to gain additional units of the other good</em>.

7 0

3 years ago

Calculating ABC Unit Costs Perkins National Bank has collected the following information for four activities and two types of cr

ELEN [110]

Answer:

The unit cost for classic and gold is $34,96 and $8.35 respectively.

Explanation:

The computation of the unit cost for classic is shown below:

= (Processing transactions × activity rate + Preparing statements × activity rate + Answering questions × activity rate + Providing ATMs × activity rate) ÷ number of holders

= (12,000 × 0.20 + 12,000 × 0.95 + 24,000 × 4.00 + 48,000 × 1.50) ÷ 5,200 holders

= (2,400 + 11,400 + 96,000 + 72,000) ÷ 5,200 holders

= 181,800 ÷ 5,200 holders

= $34.96

The computation of the unit cost for Gold is shown below:

= (Processing transactions × activity rate + Preparing statements × activity rate + Answering questions × activity rate + Providing ATMs × activity rate) ÷ number of holders

= (7,200 × 0.20 + 7,200 × 0.95 + 36,000 × 4.00 + 14,400 × 1.50) ÷ 20,800 holders

= (1,440 + 6,840 + 144,000 + 21,600) ÷ 20,800 holders

= 173,880 ÷ 20,800 holders

= $8.35

5 0

3 years ago

What is one reason why the overall unemployment rate understates the actual employment situation?

MissTica

Answer:

It does not consider all the unemployed people.

Explanation:

The unemployment rate is a percent expression of the jobless labor force in an economy. In calculating the unemployment rate, the bureau of labor statistics considers only the unemployed people who have been actively seeking work in the past four weeks.

Due to this reason, the unemployment rate does not include all the jobless people in the country. Unemployed individuals who have lost hope of finding work, and those who did seek employment get excluded. Those engaged in other chores like caring for the sick or the elderly are also not considered.

5 0

2 years ago

If real economic growth is 3%, the inflation rate is 5%, and the nominal interest rate is 7%, then the real rate of interest is:

Elanso [62]

Based on the information given the real rate of interest is:2%.

<h3>Real rate of interest</h3>

Using this formula

Real rate of interest=Nominal interest rate-Inflation rate-

Where:

Inflation rate=5%

Nominal interest rate=7%

Let plug in the formula

Real rate of interest=7%-5%

Real rate of interest=2%

Inconclusion the real rate of interest is:2%.

Learn more about real rate of interest here:brainly.com/question/25877453

3 0

2 years ago