Answer:
C. Production Possibility frontier
Explanation:
The production possibility frontier (PPF) is a graph that shows what levels of output of two goods can be produced using available resources and technology.
Just individuals can not have everything they want and must make choices between different goods, society as a whole also can't have everything it might want either. This PPF depicts constraints faced between the resources
Answer:
Debited to Retained Earnings of $500,000.
Explanation:
At the time of declaration of the dividend, the journal entry is recorded which is shown below:
Retained earning A/c Dr $500,000
To Dividend payable A/c $500,000
(Being cash dividend declared)
On the declaration date, the dividend amount is recorded. So while recording we debited the retained earning account and credited the dividend payable account
All other information which is given is not relevant. Hence, ignored it
Answer:
4. Usage
Explanation:
Market Segmentation refers to segregation of markets into different sectors or sections wherein each sector comprises of buyers with similar traits or patterns.
Market Segmentation of can be done on the basis of location or area which is termed as Geographical, on the basis of age composition or population, which is termed as Demographical, on the basis of perception and psychic of buyers which is termed as Psychographic, on the basis of their buying pattern and usage, which is termed as Behavioral.
The given information corresponds to Behavioral segmentation or usage based segmentation.
Answer:
Debit Credit
Wages expenses $17,500
Wages receivable $7,500
Wages payable $25,000
Explanation: The end of the current month falls on the second Tuesday of the pay period means, on the 7th day, the end of the month was Tuesday instead of the expected 10th workday and a Friday. In this instance, it means the employees of Lucid Laboratories had only worked for 7 days, then a wages expense of 7/10 days x $25,000 ($17,500) would be recorded with the balance being a wage receivable (since the employees are expected to work for the remaining work days in the next month). The total amount would then be recorded as a payable.
Next month, when it is a first Friday and is time to make payment, the company will record the following entries:
Debit Credit
Wages payable $25,000
Cash $25,000
Wages expense $7,500
Wages receivable $7,500
Answer:
<u>a. True</u>
Explanation:
The opposite action of planning ahead is procrastination; a major set back to meeting due dates. To Plan ahead one needs personal discipline by addressing assignments on time.
In Summary do the following:
- Plan ahead,
- Organize your work,
- Get to work,
- Stay focused
- Be balanced (by taking a break when you know it is necessary)
