The failure to properly record an adjusting entry to accrue an expense will result in an understatement of expenses and an understatement of liabilities. This is further explained below.
<h3>What are expenses?</h3>
Generally, expenses are simply defined as what it would take or what it would cost to do anything.
In conclusion, Incorrectly recording an accrual adjustment entry will result in a misstatement of both costs and liabilities.
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Trade balance is calculated by subtracting imports from exports. In this case, exports are higher than imports which means we have a favorable trade balance. If imports were more than exports, you would have a negative trade balance.
Answer: EFFICIENT
Explanation: Production possibility Curve or frontiers is a graphical representation of the combination of two goods to give an efficient output or outcome considering the prevailing market conditions.
Production possibility Curve is used by business managers to determine which product combination can a business organization derive maximum or efficient benefits. A point in the curve of the production possibility Curve represents/ shows a combination of goods that is efficient considering the prevailing market conditions.
Answer:
1,000,000
Explanation:
As there are constant returns to scale the cost to produce a greater output will grow following a linear fucntion thus,
if 100 units units are produced at a cost of 200,000 dolllars
then 500 units will be produced five times that amount:
200,000 x 500/100 = 200,000 x 5 = 1,000,000
The total cost for 500 units will be a million dollars
