Answer:
production possibilities curve (PPC)
Explanation:
The PPC is used to explain the tradeoffs that producers face when having to choose between 2 different alternative products or services. The more they choose of one product, the less they will be able to produce of the other product. Opportunity costs are the associated costs or benefits lost resulting from choosing one activity or investment over another alternative.
Answer:
The use of a trial balance:
a) This error will not cause the two sides of the trial balance to disagree. A compensating error has occurred, because the Cash Account should have been credited and the Salaries and Wages Expense debited with $600.
b) This error will cause the two sides of the trial balance to disagree. The amount debited is not the same amount credited. The Accounts Receivable should have been credited with $900, not the Service Revenue.
Explanation:
a) The trial balance ensures that the total values of the debit and credit sides agree. It shows that accounts have been correctly debited and credited in the general ledger, with equal amounts.
b) Compensating errors arise when two accounting errors offset themselves, because the same mistake made on the debit side is made on the credit side
Answer:
$16,100
Explanation:
The computation of the amount included in the federal taxable income is shown below:
= Winning of car price + winning amount + credit and sign up bonus
= $15,500 + $500 + $100
= $16,100
hence, the amount involved in the federal taxable income is $16,100
We simply applied the above formula so that the correct value could come
The answer is A and dats a fact
Answer:
Census
Explanation:
A <u><em>census </em></u>is stablished to know exactly or with a minor level of error what is the total count of population and where do they live in any given city or country.
