WILL MARK BRAINLIEST

A shift in a ppc/ppf to the______________ illustrates growth which may be generated by better utilizing existing resources (impr

LuckyWell [14K]

A shift to the right (or outward) in a ppc/ppf represents expansion, which may be brought about by better utilizing current resources (improved technology) or by gradually acquiring more resources.

The Production Possibility Frontier (PPF): What Is It?

The production possibility frontier (PPF) is a graphed curve that shows the possible output of two items whose production is reliant on a single finite resource. The PPF is often referred to as the production possibility curve.

PPF is important in economics as well. For instance, it can show that a country's economy has achieved the maximum level of effectiveness.

to know more about Production Possibility Frontier (PPF)

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3 0

2 years ago

The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by $33,000. 2. 2013

timofeeve [1]

Answer:

2013: $490,000 2012: $561,000

Question:

Errors in inventory count the following information was taken from the record of Spencer Enterprises

2013 2012

Beginning Inventory $63,000 $83,000

Cost of goods purchased $548,000 $508,000

Cost of goods available for sale $611,000 $591,000

Ending inventory $93,000 $63,000

Cost of goods sold $518,000 $528,000

The following two errors were made in the physical inventory counts:

1. 2012 ending inventory was overstated by $33,000

2. 2013 ending inventory was understated by $28,000.

Compute the correct cost of goods sold for both 2012 and 2013.

Explanation:

Computation of cost of goods sold for the year 2016 and 2015

Particulars 2013 2012

Beginning inventory $63,000 $83,000

Cost of goods purchased $548,000 $508,000

Cost of goods available for sale $611,000 $591,000

Ending inventory (corrected) $121,000 $30,000

Cost of goods sold (corrected) $490,000 $561,000.

note:

In 2013 new ending inventory = $93,000 + $28,000 = $121,000

In 2012 new ending inventory = $63,000 - $33,000 = $30,000

Beginning inventory + Cost of goods purchased = Cost of goods available for sale

Cost of goods available for sale - Ending inventory = Cost of goods sold

3 0

3 years ago

BBB Leasing purchased a machine for $280,000 and leased it to Jack Tupp Auto Repair on January 1, 2021. Lease description: Quart

Nostrana [21]

Answer: $251758.53

Explanation:

Based on the information given in the question,

Total lease liability = $280,000

Then, the balance in the lease payable account when the first lease payment takes place on January 1, 2021 will be:

= $280,000 - $16,427

= $263573

The, the interest that is included in the lease payment that's made on April 1, 2021 Will be:

= $263573 x 7% x 1/4

= $4612.53

Then, the principal amount that's included in the lease payment made on April 1, 2021 will be:

= $16,427 - $4612.53

= $11814.47

Therefore, the balance in the lease payable account after the April 1, 2021, lease payment will be:

= $263573 - $11814.47

= $251758.53

6 0

3 years ago

An economy produces final goods and services with a market value of $10,000 billion in a given year, but only $8,500 billion wor

Ghella [55]

$5000 is the GDP

Explanation:

GDP calculates the value of final goods and services produced in a given year. The value of goods and services produced is included in GDP measurement and not the value of goods and services sold.

GDP is the largest quantitative measure in the overall economic output of any country.In fact, GDP measures the monetary value of all goods and services produced over a given period within a country's geographical boundaries.

The GDP per capita ratio to the entire region's population is the average standard of living.

3 0

3 years ago

While reading difficult content, you should always start with

Ivanshal [37]

I would go with a because you need to preview/ survey the content.

5 0

3 years ago

Read 2 more answers