Answer:
The correct answer is option D.
Explanation:
Production possibility frontier shows the different amounts of two goods that can be produced using fixed resources.
An outward shift in the production possibility frontier imply that production of output is increasing.
Production may increase because of increase in inputs.
Here, the shift in production is happening because of increase in labor force.
Answer:
A debit to Unearned Rent and a credit to Rent Earned for $2,400
Explanation:
When cash is collected in advance for revenue from lease, the revenue will not be recorded as revenue until the lease service has been performed. Hence the cash collected in advance will be recorded as
Debit Cash $6,400
Credit Deferred revenue $6,400
Being cash collected on October 1 for lease to run for 8 months.
Between October 1 and December 31 is 3 months.
Hence, amount earned
= $800 × 3
= $2,400
To recognize this amount, Debit Unearned/Deferred revenue, credit revenue with the amount earned.
Answer:
"Inflation" implies that pressure for price increases reaches across "most" markets, not just one.
Analyze in food prices and personal items as well.
Answer:
B. either independent of or dependent on the demand for other items
Explanation:
Inventory control models are created in order to manage and minimize the cost that might incurred from inventory storing process. In order to achieve this, company need to make to separate the items into two groups :
- items that can be useful if used alone. (this is what we categorized as 'independent')
- Items that can only be useful if it's being paired by another item (this is the 'dependent' one)
A company need to calculate the value of dependent items as a group since the item is basically useless if it stands atone.
