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4 years ago

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

1 answer:

4 0

Any point on a country's production possibilities frontier represents a combination of two goods that an economy can produce. A production possibility frontier also know as PPF shows the maximum output that two goods or services can achieve when all of the resources are being used. For this graph to show the true possibilities, all of the resources have to be used to their full potential as efficiently as possible.

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ames Sprater of Grand Junction, Colorado, has been shopping for a loan to buy a used car. He wants to borrow $18,000 for four or

Ghella [55]

Answer:

James' credit union loan rate is 8.88% APR, the local bank loan rate is 9.34% APR.

Explanation:

Hi, since in both cases payments would be done in a monthly basis, we have to assume that the rate that we are looking for is APR (compounded monthly), and since there is no additional information in regards that 9.25% rate, we can assume that this is effective annually, so let´s convert this effective monthly rate into APR (compounded monthly)

First, we have to convert it into an effective monthly rate, that is:

$r(month)=((1+r(annual))^{\frac{1}{12} } -1)$

$r(month)=((1+0.0925)^{\frac{1}{12} } -1)=0.00739963$

Then we multiply by 12 and we get 0,088796 , which is 8.88% APR (compounded monthly)

This way James can compare both credits. The cheaper loan is from the credit union.

4 0

3 years ago

In a spreadsheet application, a ____ is identified using letters of the alphabet.

4vir4ik [10]

B) Columns are identified using letters in a spreadsheet application.

8 0

3 years ago

Read 2 more answers

The price of houses in Bellevue area has been increasing by 10% since last year, according to Zillow.coma.) This is a normative

Andre45 [30]

Answer:

option D This is a positive statement

Explanation:

According to the Positive statement , it is factual and simply describing in nature.

The statement is not judgmental in nature.

While the Normative statement is judgmental in nature

Also, normative statement specifies what ought to be done.

In the statement given in the question, fact is providing about the Bellevue area by Zillow.com.

4 0

3 years ago

You invest $1,000 in a complete portfolio. the complete portfolio is composed of a risky asset with an expected rate of return o

stepladder [879]

An investor invests 70% of her wealth in a risky asset with an expected rate of return of 15% and a variance of 5%, and she puts 30% in a Treasury bill that pays 5%. Her portfolio's .... To form a complete portfolio with an expected rate of return of 11%, you should invest ______ of your complete portfolio in Treasury bills.

7 0

3 years ago

PB13.

Nat2105 [25]

Answer:

Submarine Company

Income statement under absorption costing

$ $

Sales (1,800 units x $150) 270,000

Less: Full cost:

Direct material (2,000 units x $40) 80,000

Direct labour (2,000 units x $50) 100,000

Variable overhead (2,000 units x $10) 20,000

Fixed overhead (2,000 units x $20) 40,000

240,000

Less: Closing stock (200 units x $120) 24,000 216,000

Gross profit 54,000

Less: Selling and administrative expenses:

Variable selling and administrative 36,000

Fixed selling and administrative expenses 15,000 51,000

Net profit 3,000

Submarine Company

Income statement using marginal costing

$ $

Sales (1,800 units x $150) 270,000

Less: Variable costs:

Direct material (2,000 units x $40) 80,000

Direct labour (2,000 units x $50) 100,000

Variable overhead (2,000 units x $10) 20,000

200,000

Less: Closing stock (200 units x $100) 20,000

180,000

Add: Variable selling and administrative 36,000 216,000

Contribution 54,000

Less: Fixed cost:

Fixed production cost 40,000

Fixed selling and administrative expenses 15,000 55,000

Net loss  (1,000) 

Profit reconciliation statement

Closing stock Net profit/loss

$ $

Absorption costing 24,000 3,000

Less: Marginal costing 20,000 (1,000)

Difference 4,000   4,000

The difference of $4,000 in net profit is as a result of $4,000 difference in closing inventory.

Explanation:

In marginal costing, variable costs are deducted from sales in order to obtain the contribution margin. Net profit is calculated by deducting fixed costs from the contribution margin. Closing stock is valued at marginal cost per unit in marginal costing. Closing stock is the difference between production units and sales units. Marginal cost is the sum total of all variable costs.

In absorption costing, full costs are deducted from sales in order to obtain the gross profit. Net profit is the difference between gross profit and selling and administrative expenses. Closing stock is valued at full cost in absorption costing. Full cost is the aggregate of variable costs per unit and fixed costs per unit.

3 0

3 years ago