The information about the national debt has helped convinced many modern economists that

When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at ev

amid [387]

When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is Linear.

Opportunity costs address the potential advantages that an individual, financial backer, or business passes up while picking one option over another. Since opportunity costs are inconspicuous by definition, they can be barely noticeable.

Opportunity Costs= Absolute Income - Monetary Benefit.

The Production Possibility Frontier (PPF) is a bend on a chart that shows the potential amounts that can be delivered for two items if both rely on a similarly limited asset for their production. The PPF is additionally alluded to as the creation probability bend.

To learn more about Production Possibility Frontier is linear.

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7 0

2 years ago

When people reply to formal job announcements, they are writing a(n) ______ cover letter since it is for an open position that a

Zarrin [17]

The choices were; a. informal, b. chronological, c. serialized, d.conversational, e. solicited.

The answer is, e. solicited.
A solicited letter is written by the job hunter to the employer. It indicates the kind of working position the job hunter is applying for and also how she/he had learned there is a job opening in that position.

The employer gets a specific idea on the job hunter's intention and also learn that the ads or announcement reached them.

8 0

3 years ago

On April 1, 2021, Parks Co. purchased machinery at a cost of $42,000. The machinery is expected to last 10 years and to have a r

german

Answer:

Depreciation for 2021 is $6,300 with book value of the machinery being $35,700.
For 2022, Depreciation is $7,140 with book value of $28,560.

Explanation:

The double-declining method is otherwise known as the reducing balance method and is given by the formula below:

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/10 years = 10%, then 10% multiplied by 2 to give 20%

At Year 2021, 20% X $42,000 = $8,400/yearly

Remember, the machinery was purchased on April 1, 2021, so 9 months depreciation would be accounted for as: 9/12 x $8,400 = $6,300.

So, the book value of the machinery is $42,000 - $6,300 = $35,700 at December 31, 2021

At Year 2022, 20% X $35,700 ($42,000 - $6,300) = $7,140

So, the book value of the machinery is $35,700 - $7,140 = $28,560 at December 31, 2022

Accumulated depreciation expense for Years 2021 to 2022, under this method, is $13,440 (addition of all the yearly depreciation).

8 0

4 years ago

A year end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Days Outstanding Accou

olganol [36]

Answer:

A. $ 8 comma 730.

Explanation:

The computation is shown below:

For 1 - 30 days

= $61,000 × 2%

= $1,220

For 31 - 60 days

= $44,000 × 5%

= $2,200

For 61 - 90 days

= $21,000 × 11%

= $2,310

Over 90 days

= $9,000 × 50%

= $4,500

So, the total amount is

= $1,220 + $2,200 + $2,310 + $4,500

= $10,230

Now the Account Expense is

= Total expense - credit balance

= $10,230 - $1,500

= $8,730

3 0

3 years ago

What's the term for a charge that either party has to pay at closing?

11111nata11111 [884]

Closing costs are fees paid at closing by either party who are buying a house.

8 0

3 years ago