Computing opportunity cost of producing textiles rather food
Country C is able to generate seven pounds of food or four yards of textiles per unit of input. Calculate the opportunity cost of producing food rather than textiles. Also, compute the opportunity cost of producing textiles rather than food.
Expert
The opportunity cost of producing food rather than textiles is one yard of textiles per 7/4 = 1.75 pounds of food. The pound of food has an opportunity cost of 4/7 = .57 yards of textiles.
Illustrate the difference between Accounts and Bills payable, Accounts and Bills receivable?
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
The Webster Company uses the aging method to estimate the allowance for doubtful accounts. The following schedule of accounts receivable was prepared as at December 31, 20x6: Age Balance % uncollectible 0-30 days $674,000 0.5% 31-60 days 186,000 1.2% <
What are the basic differences between Finance and Accounts?
State advantages and disadvantages of FDI as opposed to the licensing agreement with the foreign partner?
State the intuition of discounting several cash flows in APV model at particular discount rates?
To transfer amounts from retained earnings to contributed capital through stock dividends. The effect is to decrease retained earning and increase the stock account. Stock dividends also permanently retain the earnings in the corporation by moving it out of the retain
I have some problem related to Essay topics which are related to Religion which are illustrated below: Topic A:What are the qualities of the ‘perfect&rsq
Revenue: The amount (sum) of money which a company really receives throughout a specific period, comprising discounts and deductions for the returned merchandise. This is the "top line" or "annual income" figure from which costs are subtracted to find
If cost advantage of the interest rate swaps might likely be arbitraged away within the competitive markets, what other explanations exists in order to describe quick establishment of interest rate swap market?
18,76,764
1935496 Asked
3,689
Active Tutors
1417610
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!