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3 years ago

Can this economy produce 6 units of guns and 12 units of butter ? explain

Business

1 answer:

vlada-n [284]3 years ago

7 0

Guns and butter are the example of production possibility frontier(PPF)

Explanation:

Production possibility frontier is a graphical presentation that shows two goods combination and shows how these goods would be produced with efficient utilization of resources.

Guns and butter shows a relation in case of production possibility frontier , it shows how the investment should be done with the minimum resources present in the economy. If the economy is having proper resources for the production of guns and butter then 6 units of guns and 12 units of butter can be produced but while taking decision a nation should be rational , that is how to use the resources.

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The transactions listed below are typical of those involving New Books Inc. and Readers’ Corner. New Books is a wholesale mercha

Anuta_ua [19.1K]

Answer:

Readers' Corner

1. Effect of each transaction on the Inventory Balance:

a. $625,000 Purchase: Inventory balance is increased

b. $11,000 Allowance: Inventory balance is decreased.

c. $614,000 Payment: Inventory balance is not affected.

a. Debit Inventory $625,000

Credit Accounts Payable (New Books) $625,000

To record the purchase of new books on account.

b. Debit Accounts Payable (New Books) $11,000

Credit Inventory $11,000

To record the allowance received from New Books.

c. Debit Accounts Payable (New Books) $614,000

Credit Cash Account $614,000

To record the payment on account.

Explanation:

Readers' Corner records its transactions with New Books Inc. by initially using the journal. The entries in the journal identify the accounts involved in each transaction. During the recording, the accounts to be debited and the ones to be credited in the general ledger are identified and recorded accordingly.

3 0

4 years ago

What are dividends?

Ne4ueva [31]

I want to say c but i am not sure, if it's not c it'd d for sure. Hope that was some help:)

3 0

3 years ago

he following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports t

deff fn [24]

Answer:

$7,000

Explanation:

The computation of the amount of purchasing department allocated to assembly department is shown below:

= Total purchasing department cost × number of purchase order ÷Total numbers of purchase orders in overall operating departments

= $35,000 × 4 ÷ 20

= $7,000

The 20 number of purchase orders is come from

= 16 + 4

= 20

We simply applied the above formula

7 0

3 years ago

As a functional area of business, _____ measures, summarizes, and communicates financial and managerial information and advises

IgorLugansk [536]

Answer: Accounting

Explanation:

Accounting is one of the business process that helps in interpreting and identifying the various types of financial data in an organization or corporation.

The main objective of the accounting is that it manage all the financial based performance in the company and also the cash flows system in the business.

According to the given question, the accounting is known as the functional area that summarized the data or information and also give advises to the manager on the various types of financial based matters in an organization.

Therefore, Accounting is the correct answer.

3 0

3 years ago

If a team uses wikis to collaborate on a report, the editing and upgrading of information should be done by __________.

astra-53 [7]

The answer to this question is the letter "E" which is the "anyone in the organization". Wiki is a blog or a website where anyone in the organization is allowed to access it to view and access materials and edit it. Hence, is a team uses wikis to collaborate on a report, the editing and updating of the report should be done by anyone in the organization.

3 0

4 years ago

Can this economy produce 6 units of guns and 12 units of butter ? explain​

Can this economy produce 6 units of guns and 12 units of butter ? explain