All categories

3 years ago

HELP: Due tomorrow at 10am! Fill in the blanks (Economics)

Business

2 answers:

FinnZ [79.3K]3 years ago

8 0

1. Trade-off
2. Factors of production
3. Gun v butter
4. Production possibility curve
5. Training and technology
6. Human capital
7. Marginal cost
8. Unlimited wants but only limited
9. Scarcity
10. Scarcity
11. Inefficiently
12. Opportunity cost
13. Trade off

This is the best I can do.

coldgirl [10]3 years ago

5 0

Answer:

Explanation:

1. Trade-off 2. Factors of production 3. Gun v butter 4. Production possibility curve 5. Training and technology 6. Human capital

7. Marginal cost 8. Unlimited wants but only limited 9. Scarcity

10. Scarcity 11. Inefficiently 12. Opportunity cost 13. Trade off

You might be interested in

Kevin, who has liability limits of $20,000/$40,000/$20,000 and a $500 collision deductible, is involved in an accident. Due to h

harina [27]

Answer:

Amount to pay by PAP = $39,600

Explanation:

The liability limits of $20,000/$40,000/$20,000 implies that the highest amount PAP will pay for driver's injuries is $20,000, while the highest to pay for the first of two passenger is $40,000 and $20,000 for second passenger.

Since the a passenger received injuries worth $12,500, and another passenger received injuries of $7,100, the PAP will the actual amount and $20,000 for the driver's injuries. The total can therefore be calculated as follows:

Amount to pay by PAP = $20,000 + $12,500 + $7,100 = $39,600

4 0

3 years ago

The aicpa's statements on auditing standards can be described as

sasho [114]

The AICPA’s Statements on Auditing Standards is a guideline for auditors. This guideline shows what the minimal standards are in order for an auditor to perform their work correctly. These guidelines need to be followed in order to ensure accuracy and efficiency.

8 0

3 years ago

The Converting Department of Worley Company had 2,400 units in work in process at the beginning of the period, which were 35% co

irinina [24]

Answer:

Equivalent units

Materials = 12,700 units

Conversion cost = 11,940 units

Explanation:

Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.

Equivalent Units = Degree of completion (%) × units

We will use the weighted average method

Weighted average method

The weighted average method of valuation of work in progress does not separate opening work-in progress from the newly introduced.

Using the weighted average method

Equivalent unit for material cost

Since direct materials are added at the the beginning of the production process the equivalent unit of direct material

EU = (100% × 10,800) + (100% ×1900) = 12700

Note that 100% represent the degree of completion.

Equivalent unit for conversion cost

Item Equivalent unit

Transferred out 100%× 10,800 = 10,800

Closing inventory 60% ×1900 = 1140

Total equivalent unit = 11,940

5 0

2 years ago

Can u be my friends..?

anyanavicka [17]

Answer:hi mare

Explanation:

4 0

2 years ago

Read 2 more answers

Question Content Area The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system wo

Tanya [424]

The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)

Jan. 1 Inventory 1,500

Cash 1,500

<h3>What are journal entries?</h3>

A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
An accounting journal, which shows a company's debit and credit balances, records transactions.
The journal entry can be made up of multiple records, each of which is either a debit or a credit.
Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.

Inventory purchase journal entry:

Say you purchase $1,000 worth of inventory on credit.
Debit your Inventory account $1,000 to increase it.
Then, credit your Accounts Payable account to show that you owe $1,000.
Because your Cash account is also an asset, the credit decreases the account.

Therefore, the journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)

Jan. 1 Inventory 1,500

Cash 1,500

Know more about journal entries here:

brainly.com/question/14279491

#SPJ4

The question you are looking for is here:

The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be

(A) Jan. 1 cash 1,500

Account receivables 1,500

(B) Jan. 1 Purchases 1,500

Account payable 1,500

Office Supplies 1,500

(D) Jan. 1 Inventory 1,500

Cash 1,500

3 0

2 years ago