One of the assumptions underlying the production possibilities curve (or production possibilities frontier) for any given economy is that
A. all societies will choose to operate at a point inside the curve
B. there is full employment of resources when the economy is on the
curve
C. goods can be produced outside the curve.
D. there is an unlimited supply of resources.
E the state of technology changes

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:

Which feature is a characteristic of a corporation?