Answer: A technological advancement will result in an outward shift of the production possibility curve.
Explanation:
A production possibility curve (PPC) is a curve that shows the various combinations of the amounts of two goods that can be produced using the given resources and technology. It is a graphical representation that shows all possible output options for two products which can be produced utilizing all factors of production by efficiently utilizing the given resources and time.
A production possibility curve shows several economic concepts like economies of scale, allocative efficiency, productive efficiency, opportunity cost and scarcity.
An outward shift of the production possibility curve means there's an improvement in the economy as more goods are produced with the same inputs. A technology advancement will lead to an outward shift of the production possibility curve. This means that more goods will be produced by using the same amount of inputs.
Answer:
The answer is an affirmative YES. Peterson Accounting should have relied on the income statement and footnote information provided by Ms. Rivera's accountant because they provided additional information on valuation and also provided a uniform framework for rigorous assessment and evaluation of the assets.
Explanation:
However, reliance should not be automatic. It should be based on the assessment of the qualification of Ms. Rivera's accountant and the internal controls in place, which helped the preparation of the income statement.
Amount invested today=P =$1,000
Annual interest rate=r =5%
Concept:
First, find the effective quarterly rate which is r/m, m=no. of quarters in a year which is equal to four.
effective quarterly rate= r/m =5/4 =1.25%
now, no. of period is equal to n=4 (reason: 4 quarter in a year for which effective rate of 1.25% used)
Now,
Investment in one year = F= 1,000(F/P, 1.25%, 4)
= 1,000(1.0509)
= $1050.9<span />
Answer: Issued dividends while maintaining a constant number of outstanding shares of stock
Explanation:
A negative cashflow is meant to indicate that cash has left the company. If this is in relation to the owners then it either means that the company has repurchased shares or paid out dividends.
From the options, the correct answer would be that the company issued dividends while maintaining a constant number of outstanding shares of stock. This would be reflected in the Financing section of the Cashflow statement.