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3 years ago

Analyse, using a production possibility curve (PPC) diagram, the effect of an increase in enterprise on an economy.

Business

2 answers:

Scorpion4ik [409]3 years ago

5 0

Answer:

i dont get it what pls perfect sentence

Alexxandr [17]3 years ago

3 0

Answer:

Describe economic growth using a PPC diagram.

Explanation:

Production possibility curve shows all different attainable combinations of the production of two commodities that can be produced in an economy given the resources and technology which are constant and fully utilized. Therefore to achieve any point beyond PPC, there is need for increase in the present supply of resources and technology which leads to an outward shift in PPC as overall production increases which results in economic growth as shown in the diagram.

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ackenzie, Inc. has collected the following data. (There are no beginning inventories.) Units produced 600 units Sales price $

Leokris [45]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Units produced= 600

Direct materials $30 per unit

Direct labor $13 per unit

Variable manufacturing overhead $6 per unit

Fixed manufacturing overhead $17,800 per year

Ending inventory= 600 - 400= 200 units

Under absorption costing, the fixed overhead costs get allocated to the product cost. First, we need to calculate the unitary fixed overhead cost:

Unitary fixed overhead= 17,800/600= $29.67

Now, we can determine the total unitary cost:

Unitary cost= direct material + direct labor + total overhead

Unitary cost= 30 + 13 + (6 + 29.67)= $78.67

Ending inventory= 200*78.67= $15,736

7 0

3 years ago

Explain how financial statements (Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows) are

Svetlanka [38]

A financial statements are helpful to the business owner, employees, and investors because:

It helps to financial plan
It helps to make decisions
It helps to adhere to regulations etc

<h3>What are financial statements?</h3>

This refers to those written records that convey the business activities and the financial performance of a company.

Some examples of financial statements in every standard companies includes Income statement, Cash flow statement, Balance sheet, Note to Financial Statements, Statement of change in equity etc.

In conclusion, majority of firm's financial statement are audited by government agencies, accountants, firms to ensure accuracy, tax purpose, financing, investing purposes etc.

Read more about financial statements

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3 0

2 years ago

Read 2 more answers

Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2016. January 1 balances in accounts receivable and a

tester [92]

Answer:

Lucia's cash flows from operating activities would be:

$132,000.

Explanation:

Accounts Receivable End: $30,000 Beginning: $29,000 = -$1,000

Accounts Payable End: $24,000 Beginning: $26,000 = -$2,000

Net Income : $ 135,000

To calculate the total cash flow from operating activities it's necessary to deduct of the Net Income the variance of these accounts which indicates a negative variance during the year, -$2,000 on accounts payable because the company paid more bills these year than before, and -$1,000 because the company expand their credit line to customers.

Cash Flow: $135,000 - $1,000 - $2,000 = $132,000.

4 0

2 years ago

On January 1, Skills Company purchased as a short-term investment a $1,000, 6% bondfor $1,000. The bond pays interest on January

Arturiano [62]

Answer:

Option (B) is correct.

Explanation:

Interest accrued for 6 months (January 1 to July 1):

= $1,000 × 6% × (6 ÷ 12)

= $30

This shall be credited to interest revenue as this is the income of the investor.

Sale value of investment:

= Bond selling price on July 1 + Interest accrued for 6 months

= $1,200 + $30

= $1,230

Gain on sale of investment:

= (Selling price - Purchase price) - Accrued interest

= ($1,230 - $1,000) - $30

= $200

Therefore, the Journal entry for this transaction is as follows:

Cash A/c Dr. $1,230

To debt investments $1,000

To Gain on sale of investment $200

To Interest revenue $30

(To record the cash proceeds at the time the bond is sold)

7 0

3 years ago

- How would demand have to change for a price change to be unitary elastic?

marusya05 [52]

Answer:

The percentage change in quantity demanded is exactly equal to the percentage change in price. The percentage change in quantity demanded is exactly equal to the percentage change in price.

8 0

2 years ago