The short-run average total cost of Ike's Bikes of producing 100 bikes is $360.
<h3>
What is the short-run average total cost ?</h3>
The short-run is a production period where some of the factors used in the production process are fixed and others are variable. The short-run average total cost is the total cost divided by total output. Total cost is the sum of fixed cost and variable cost.
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The bowed-outward shape of the production possibility frontier illustrates that the <u>opportunity cost</u> of one good in terms of the other depends on how much of each good the economy is producing.
<h3>What is Production Possibility Frontier?</h3>
The production possibility frontier (PPF) is a curve in economics that depicts the maximum amounts that two goods can create if they both rely on the same limited resource for production.
From the attached picture below, Let's assume that:
- The vertical product is: wine
- The horizontal product is: cotton
The bowed-outward shape of the production possibility frontier illustrates that the <u>opportunity cost</u> of one good in terms of the other depends on how much of each good the economy is producing.
Learn more about the production possibility frontier (PPF) here:
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a example is a store like Lowes, or home depot
Answer:
Entries are given below
Explanation:
The entry that should be made on January 1 would be
Cash 501,600(w1) Debit
Premium on bonds 61600(w2) Credit
Bonds payable 440000 Credit
<u>Working 1 </u>
Cash proceeds = $440,000/100 x $114
Cash proceeds = $501600
<u>Working 2 </u>
Premium = selling price of bond - Face value of the bond
Premium = $501,600 - $440,000
Premium = 61600
Answer:
Not entitled
Explanation:
Given that
Number of shares purchased = 380 shares
Par value of share = $28.80 per share
Worth per share = $3.60 per share
By considering the above information, the Barney is not eligible for the deduction as there is no share is sold i.e only purchase value of the share and the worth per share is given.
So, he is not entitled to any loss this year