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yuradex [85]
3 years ago
11

The production possibilities frontier shows the maximum possible output of a good within a specific economy. Please select the b

est answer from the choices provided. T F

Business
1 answer:
igomit [66]3 years ago
3 0

Answer:

false

Explanation:

In business analysis, the production possibility frontier (PPF) is a curve illustrating the different possible amounts that two separate goods may be produced when there is a fixed availability of a certain resource that both items require for their manufacture

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ACME Inc. manufactures components. One of its products, which is used in the construction of consumer products, is known as XsR.
Alex17521 [72]

Answer:

Contribution margin per units= $169

Explanation:

Giving the following information:

Selling price $ 220

Direct materials $38

Direct labor $ 1

Variable manufacturing overhead $8

Variable selling expense $ 4

<u>The contribution margin per unit is calculated deducting from the selling price all the variable components:</u>

Total unitary variable cost= $51

Contribution margin per units= 220 - 51

Contribution margin per units= $169

5 0
3 years ago
When you purchased your house, you took out a 30-year annual-payment mortgage with an interest rate of 6 percent per year (compo
Rama09 [41]

Answer: $129,931.24

Explanation:

Annuity is a stream of equal cash flows that has a specified number of periods. To get the payoff amount for living in the house for 12 years, we calculate the present value of the annuity.

The payoff amount for living in the house for 12 years is $129,931.24.

Check the attached document for the calculation.

7 0
3 years ago
Read 2 more answers
Redbud Company uses a certain part in its manufacturing process that it buys from an outside supplier for $44 per part plus anot
Fiesta28 [93]

Answer:

Redbud Company

A) Relevant costs:

B) Direct labor

C) Direct material

D) Variable overhead  

F) New manager's salary

B) B) Redbud is indifferent about the decision.

C. Other factors to consider:

B) The potential for improved control over the availability of the parts by having it when needed and the potential for improved quality of the parts.

C) Since Redbud Company is considering the use of currently available capacity, it should evaluate any relevant opportunity costs of using this capacity for more profitable activities.

Explanation:

a) Data and Calculations:

Cost of buying parts from outside supplier = $50 per part

Units required in the next year = 10,000

Costs required to produce internally:

Supervisor's salaries $40,000

Direct material             $ 28

Direct labor                      12

Variable overhead            6

Fixed overhead (includes

manager at $4 per unit) 10

Total unit cost              $ 56

Relevant costs:

Direct material             $ 28

Direct labor                      12

Variable overhead            6

Fixed overhead (includes

manager at $4 per unit)  4

Total unit cost              $50

6 0
3 years ago
According to the GLOBE (Global Leadership and Organizational Behavior Effectiveness) project, it has been found that: Multiple C
slamgirl [31]

Judging based on the information from the GLOBE (Global Leadership and Organizational Behavior Effectiveness) project, it has been found that: "Chinese managers prefer structures with more hierarchy and less equality."

This is evident in the research made by GLOBE showed that the Chinese generally have a high Power Distance Index (PDI).

Power Distance Index is one of the five major qualities of cultural dimensions.

A country with a high power distance index like China means they are a society that adopts an unequal, level distribution of power.

They also believe that people need to know their role or position in the system.

Hence, in this case, it is concluded that the correct answer is option A. "Chinese managers prefer structures with more hierarchy and less equality."

Learn more here: brainly.com/question/14997435

4 0
2 years ago
At year end, the following items have not yet been recorded.
amm1812

Question Completion:

The following trial balance was taken from the books of Sheridan Corporation on December 31, 2020.

Account Debit Credit

Cash $8,500

Accounts Receivable 40,700

Notes Receivable 11,200

Allowance for Doubtful Accounts $1,870

Inventory 35,300

Prepaid Insurance 4,720

Equipment 122,600

Accumulated Depreciation--Equip. 14,100

Accounts Payable 10,100

Common Stock 49,100

Retained Earnings 64,550

Sales Revenue 268,000

Cost of Goods Sold 123,900

Salaries and Wages Expense 48,600

Rent Expense 12,200

Totals $407,720 $407,720

At year end, the following items have not yet been recorded.

a. Insurance expired during the year, $2,000.

b. Estimated bad debts, 1% of gross sales.

c. Depreciation on furniture and equipment, 10% per year.

d. Interest at 6% is receivable on the note for one full year.

e. Rent paid in advance at December 31, $5,400 (originally charged to expense).

f. Accrued salaries at December 31, $5,800.

Required:

a. Prepare the necessary adjusting entries.

b. Prepare the necessary closing entries.

Answer:

<h3>Sheridan Corporation </h3>

a. Adjusting Journal Entries on December 31, 2020:

a. Debit Insurance Expense $2,000

Credit Prepaid Insurance $2,000

To record the insurance expense for the year.

b. Debit Bad Debts Expense $2,680

Credit Accounts Receivable $2,680

To record bad debts written off.

c. Debit Depreciation Expense - Equipment $12,260

Credit Accumulated Depreciation - Equipment $12,260

To record the depreciation expense for the year.

d. Debit Interest Receivable $672

Credit Interest Revenue $672

To record interest revenue receivable on the note.

e. Debit Rent Prepaid $5,400

Credit Rent Expense $5,400

To record rent prepaid, previously recorded as an expense.

f. Debit Salaries and Wages Expense $5,800

Credit Salaries Payable $5,800

To record accrued salaries.

b. Closing Journal Entries on December 31, 2020:

Debit Sales Revenue $268,000

Interest Revenue $672

Credit Income Summary $268,672

To close the revenue accounts to the income summary.

Debit Income Summary $202,040

Credit:

Cost of Goods Sold                 123,900

Salaries and Wages Expense  54,400

Rent Expense                             6,800

Bad debts Expense                    2,680

Insurance Expense                    2,000

Depreciation Expense              12,260

To close the expense accounts to the income summary.

Explanation:

a) Data and Calculations:

Sheridan Corporation

Unadjusted Trial Balance as of December 31, 2020:

Account Titles                               Debit     Credit

Cash                                             $8,500

Accounts Receivable                   40,700

Notes Receivable                          11,200

Allowance for Doubtful Accounts               $1,870

Inventory                                     35,300

Prepaid Insurance                         4,720

Equipment                                 122,600

Accumulated Depreciation--Equip.             14,100

Accounts Payable                                        10,100

Common Stock                                           49,100

Retained Earnings                                     64,550

Sales Revenue                                        268,000

Cost of Goods Sold                 123,900

Salaries and Wages Expense  48,600

Rent Expense                           12,200

Totals                                   $407,720 $407,720

Adjustments:

a. Insurance Expense $2,000 Prepaid Insurance $2,000

b. Bad Debts Expense $2,680 Accounts Receivable $2,680 (1% of $268,000)

c. Depreciation Expense - Equipment $12,260 Accumulated Depreciation - Equipment $12,260 (10% of $122,600)

d. Interest Receivable $672 Interest Revenue $672 (6% of $11,200)

e. Rent Prepaid $5,400 Rent Expense $5,400

f. Salaries and Wages Expense $5,800 Salaries Payable $5,800

Sheridan Corporation

Adjusted Trial Balance as of December 31, 2020:

Account Titles                               Debit     Credit

Cash                                             $8,500

Accounts Receivable                   38,020

Notes Receivable                          11,200

Interest Receivable                           672

Allowance for Doubtful Accounts               $1,870

Inventory                                      35,300

Prepaid Insurance                          2,720

Prepaid Rent                                  5,400

Equipment                                 122,600

Accumulated Depreciation--Equip.           26,360

Accounts Payable                                        10,100

Salaries Payable                                           5,800

Common Stock                                           49,100

Retained Earnings                                     64,550

Sales Revenue                                        268,000

Interest Revenue                                            672

Cost of Goods Sold                 123,900

Salaries and Wages Expense   54,400

Rent Expense                              6,800

Bad debts Expense                     2,680

Insurance Expense                     2,000

Depreciation Expense              12,260

Totals                                   $426,452 $426,452

b) The adjusting entries made in the accounting records of Sheridan Corporation comply with the accrual concept and the matching principle of generally accepted accounting principles.  These accounting principles require that expenses and revenues for a period are recognized in the period they occur and not when cash is exchanged.  The closing entries show the revenue and the expense accounts closed to the income summary.

7 0
3 years ago
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