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pshichka [43]
3 years ago
8

An economy's production possibilities frontier:​ Select one:

Business
1 answer:
Afina-wow [57]3 years ago
5 0

Answer:

The correct answer is c. ​is based on simplifying assumptions, but is still useful for illustrating scarcity, opportunity cost, and economic growth.

Explanation:

The production possibilities frontier (FPP) is a graphic representation of the maximum quantities of production that an economy can obtain in a given period using all the resources it has available.

In an economy that has thousands of products, the alternatives to produce one good or another and how much of each are very large. When an alternative is chosen, it means that other possibilities are being renounced. The relationship between what we choose and what we give up is the opportunity cost.

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Answer and Explanation:

As we know that

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a. Land            Asset                      debit                       debit            resources on the owners hand        

b. Cash            Asset                      debit                       debit            resources on the owners hand

c. Legal Expense  = expense        debit                        debit         consumption of cost

d. Accounts Receivable      Asset                      debit                       debit      resources on the owners hand

e. Dividends    =     Equity                debit                          debit   distribution made to owners

g. Notes Payable =   Liability            credit                          credit    obligation made to creditors

h. Common Stock = Equity               credit                         credit    investment done by the owners

8 0
3 years ago
On January 1, 20X5, Blaugh Co. signed a long-term lease for an office building. The terms of the lease required Blaugh to pay $1
umka2103 [35]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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promotiopeicen

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product

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If a company is using the accrual basis accounting method, when should it record its earned revenue?
BigorU [14]

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