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3 years ago

A. Draw a production possibilities curve for a hypothetical economy producing capital and consumer goods.

Business

1 answer:

solniwko [45]3 years ago

8 0

Answer:

See the attached and the explanation below.

Explanation:

a. A production possibility curve (PPC) refers to a curve that displays different combinations of the maximum output of two goods that can be produced from a given or fixed amount of input and technology.

An example of PPC is figure (A) in the attached document.

b. When there is a major technical breakthrough in the capital goods industry and the new technology is widely adopted only in this industry, it will make the PPC to rotate outward at the capital good axis only, while consumer good axis will remain the same (see the curve and the arrow in Figure B in the attached). This implies that the break has enabled the economy to produce more of capital goods while consumer goods production level remains the same.

c. When there is a technological advance in consumer goods production, but not in capital goods production, it will make PPC to rotate outward at the consumer good axis only, while capital good axis will remain the same (see the curve and the arrow in Figure C in the attached). This implies that the break has enabled the economy to produce more of consumer good while capital good production level remains the same.

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Delicious Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,500 M

Afina-wow [57]

Question Completion:

If Delicious Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.

Answer:

Delicious Catering

Using the Accrual method, Delicious Catering would have recorded for the month a net income of $1,670.

Explanation:

Data and Calculations:

Prepaid Rent for 3 months = $1,500

Rent expense for the month = $500 ($1,500/3)

Utilities expense = $190

Service Revenue:

Cash for meals = $2,400

Credit 2,000

Total $4,400

Salary Expense = !,700

Depreciation expense = $340

Kitchen Equipment = $2,500

Income Statement for the month of May:

Service Revenue $4,400

Expenses:

Rent $500

Utilities expense 190

Salary expense 1,700

Depreciation expense 340

Total expenses $2,730

Net Income $1,670

8 0

3 years ago

Ed bought $2,000 in stock shares one week before the stock price dropped $10.00. If he had waited for the price setback, he coul

Zanzabum

Answer:

He bought 40 shares.

Explanation:

Step 1: Determine the initial stock price

Use the expression below to determine the total initial stock price as shown;

T=S×s

where;

T=total initial stock price

S=initial stock price per share

s=number of shares

In our case;

T=$2,000

S=x

s=unknown

replacing;

2,000=x×s

s=2,000/x

Step 2: Determine the final stock price

Use the expression below;

F=f×s2

where;

F=final stock price=$2,000

f=final stock price per stock=(x-10)

s2=final number of shares bought=(2,000/x)+10

replacing;

2,000=(x-10){(2,000/x)+10)

2,000=x(2,000/x)+(10 x)-10(2,000/x)-100

(2,000=2,000+10 x-20,000/x-100)x

2,000 x=2,000 x+10 x²-20,000-100 x

2,000 x-2000 x=10 x²-100 x-20,000

10 x²-100 x-20,000=0

solving quadratically;

x=[100±√{100²-(4×10×-20,000)}]/(2×10)

x={100±√(10,000+800,000)}/20

x=(100±900)/20

x=1,000/20=50

Initial stock price=$50

Number of shares bought=2,000/x=2,000/50=40

He bought 40 shares.

4 0

3 years ago

Today, sandra will present a report to her class on the top ten income-producing countries in the world. most of the countries t

Radda [10]

The world’s richest countries are mostly found in Europe. Therefore Sandra will be presenting most of the countries located in “Europe”.

One possible factor why Europe is so rich is because of the numerous wars it encountered. Aside from the wealth obtained in the conquest, wars also lead to advancement in technology.

3 0

2 years ago

Eldrick bought a certificate that allows him to apply for a tax deed after a certain period. what did eldrick purchase?

AnnyKZ [126]

The thing that Eldrick bought is called: Tax certificate
A tax certificate is a document that given to purchasers whenever they're biying an fixed asset (such as building , land, or other type of property).
The purchaser will obtain the right of the taxation account for the specific property and the tpayment will be transferred to the purchaser in the future

7 0

3 years ago

Budgeted sales in Acer Corporation over the next four months are given below: Budgeted sales September October November December

AlekseyPX

Answer:

$161,400

Explanation:

Cash collection calculation

December cash sales ($160,000*30%) = $48,000

Credit sales

December: (160000*70%*50%) = $56,000

November: (180000*70%*30%) = $37,800

October: (140,000*70%*20%) = $19,600

Total cash collections $161,400

7 0

3 years ago