QUESTION:
The table below depict the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between making pizzas and making stromboli. Refer to this table to answer questions 3-4.
Bo Kenzi
Pizza Stromboli Pizza Stromboli
25 50 40 20
Answer: A - Bo has a comparative advantage in the production of stromboli because her opportunity cost is lower.
Explanation:Production possibilities frontiers (PPFs) indicates the maximum output combinations of two goods or services an economy can achieve by fully using all available resources efficiently.
This means that, if more of product A is produced, less of product B can be produced given that the resources and production technology remain constant.
Looking at the question above, Bo has a competitive advantage as Bo produces more of both pizza and stromboli than kenzi.
Answer:
A) the bond issuance on January 1, 2018
Dr Cash account 630,000
Dr Discount on Bonds Payable account 70,000 (amortized over 10 years, i.e. 7,000 each year)
Cr Bonds Payable account 700,000
B) the payment of interest on December 31, 2018
Dr Interest expense 28,000 (= $700,000 x 4%)
Cr Cash account 28,000
Cr Discount on Bonds Payable account 7,000
Answer:
A. Since direct material and direct labor information are not given, it is impossible to determine if the product lines are being over/undercosted.
Explanation:
The above option is the correct answer to the question asked above regarding to the machine setup costs.
Answer: No, because the father and the adult son did not sign the will in each other's presence
Explanation:
The testator's will should not be admitted to probate because the father and the adult son did not sign the will in each other's presence.
A will requires a writing such that the testator will sign in the joint presence of two attesting witnesses. It should also be noted that both witnesses understand the importance of that act of the testator and then sign in each other's presence.
A market penetration strategy attempts to increase sales of present products among<u> existing customers.</u>
<h3>What is penetration price strategy?</h3>
Penetration pricing is known to be a method that do tries to scatter an already set up market by bringing in a new product or service that is said to be viewed at a lower price to be able to influence as well as entice new customers to by or subscribe to a product or service.
Note that this kind of strategy helps a firm to be able to get the attention of buyers in regards to a target space and a such, A market penetration strategy attempts to increase sales of present products among<u> existing customers.</u>
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