Answer:
A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. The following concepts can not be illustrated by this concept:
- the flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.
Explanation:
- A Production Possibilities Frontier also known as the Production Possibility Curve or Transformation Curve. This curve illustrates a country or a business is utilizing its resources effectively by showing the point at which that country or business is producing its products efficiently.
- This curve is unable to tell you the flow of dollars between the seller and buyers of goods of a business or a country.
- It only tells us about the production of goods not the flow of cash.
Answer:
C
Explanation:
Do to the rEASON I FOUND ONLINE
Answer:
$93,750
Explanation:
Contribution margin=15-(5+3+3)=4
Fixed Costs=$60,000+$40,000=$100,000
Break even point in units=$100,000/4=25,000
Break even point in $=25,000/(4/15)=$93,750
Answer: Reformation
Explanation: In simple words, reformation refers to a process in which something is changed in the current subject to set it again on the right path.
In the given case, the judge believes that the time period set for avoiding the competition is unusually long. Thus, they can reform the contract to make it suitable and justified for all the parties involved.
Answer:
Wal-Mart's previous revenue policy was inconsistent with the revenue recognition principle. It used to recognize revenue when performance obligations have not been met.
Explanation:
In response to SAB 101 issued by the Stock Exchange Commission in 1999, Wal-Mart changed its revenue recognition policy for layaway transactions. Layaway transactions are those in which Wal-Mart sets aside merchandise for customers who make partial payment. Before SAB 101, Wal-Mart recognized all revenue on the sale at the-time of the layaway. After the change, Wal-Mart does not recognize revenue until customers satisfy all payment obligations and take possession of the merchandise.