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2 years ago

Economic growth can best be portrayed as a:

Business

1 answer:

kicyunya [14]2 years ago

8 0

Answer:

The correct answer is letter "D": Rightward shift of the production possibilities curve.

Explanation:

The Production Possibility Frontier (PPF) implies that as many jobs and resources as possible are produced at the maximum level. That maximizes jobs and reduces unused resources. This ideal state can generally not be attained but is seen as a goal.

Plotted in a graph, the PPF curve displays a mix of goods that can be produced and their ideal volumes of production. <em>Shifts of the PPF curve to the right imply growth while shifts leftwards imply a slow down in production.</em>

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Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company’s management predicts that 6,1

frutty [35]

Answer:

Production for the third quarter 159,500

Explanation:

Sales for the period 161,000

Desired ending inventory 4,600

Total production needs 165,600

Beginning Inventory (6,100)

Production for the third quarter 159,500

The sales for the period and the desired ending inventory are the total units we need for the quarted.

the beginning inventory reduces the production because are units we already have

5 0

3 years ago

A company's Cash account shows a balance of $5,600 at the end of the month. Comparing the company's Cash account with the monthl

Likurg_2 [28]

Answer:

cash 750 debit

note receivable 510 credit

NSF check 240 credit

-- to record increases of cash from reconciliation --

bank fees expense 44 debit

cash 44 credit

-- to record decreases of cash from reconciliation --

Explanation:

cash account 5,600

bank fees (44)

NSF 240

bank collected 510

adjusted cash: 6,306

We adjust based on the unknow information for the company like fees, collection and NFS found. we could also adjust for mistake but for this time, there isn't any.

5 0

3 years ago

Which assumption or principle requires that all information significant enough to affect decisions of reasonably informed users

sladkih [1.3K]

Answer:

The answer is: full disclosure principle

Explanation:

Full disclosure principle in accounting refers to the requirement that businesses are supposed to provide all material information pertaining to their operations to the stakeholders of the business so as to facilitate better decision-making frameworks when evaluating the business.

The going concern principle is based on the assumption that the business will not cease operating in the foreseeable future. The matching principle requires that the expenses incurred in carrying out an economic activity are recorded in the same period as the revenues earned from that activity. The historical cost principle requires assets or liabilities to be recorded at their acquisition value.

7 0

3 years ago

he following production data were taken from the records of the Finishing Department for July: Inventory in process, July 1, 30%

natita [175]

Answer:

The total equivalent units for conversion costs is 40,600.

Explanation:

Under the first-in, first-out method, units that were incomplete for last year are the first to be completed, followed by units started during the year.

<u>Calculation of the total equivalent units for conversion costs :</u>

To Finish Opening Work In Process (5,000 × 70%) = 3,500

Started and Completed ((40,500 - 5,000) × 100 %) = 35,500

Closing Work In Process ( 4,000 × 40%) = 1,600

Total equivalent units for conversion costs = 40,600

Conclusion :

The total equivalent units for conversion costs is 40,600.

5 0

3 years ago

The production possibilities frontier provides an illustration of the principle that a. people respond to incentives. b. trade c

Mekhanik [1.2K]

Answer:

d. people face trade-offs.

Explanation:

The production possibility frontier shows all the combinations of two goods an economy can produce when all its resocurces are fully employed.

At one extreme of the curve, the highest possible amount of one good is produced while zero quantity of the second good is produced . To produce more quantity of the second good, one has to produce less quantity of the first good. This illustrates trade off.

I hope my answer helps you

7 0

2 years ago