Answer:
D
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. A country would export the good for which it has a comparative advantage and import the good for which it doesn't have a comparative advantage
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Country A would export beans to country B and B would export rice to A
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land$690,000 Sale of salvaged parts already on land$20,000 Demolition of the old building$32,000 Ground-breaking ceremony (food and supplies)$1,800 Land preparation and leveling$8,300 What amount should be recorded for the purchase of the land
Answer:
Purchase of land $710,300
Explanation:
The computation of the amount that should be recorded for the purchase of the land is shown below:
Purchase Price of the land $690,000
Less: Sale of salvaged parts already on the land -$20,000
Add: Demolition of the old building $32,000
Add: Land preparation and leveling $8,300
Purchase of land $710,300
Ricardo paid an annual premium of $1,200 in total liability coverage for his car, including up to $200,000 in bodily injury coverage and $100,000 in property damage coverage. Ten years into his policy, Ricardo caused an accident that resulted in the other driver claiming $40,000 in medical costs and $20,000 in car damage. Did the cost of the annual premiums outweigh the benefit of transferring the risk to the insurance company
Answer:
No, the cost of the annual premium for 10 years was less than the accident claims
Explanation:
Since in the question it is mentioned that the annual premium is $1,200, $200,000 is the bodily injury coverage and $100,000 should be the property damage coverage
Also the $40,000 and $20,000 represent the medical cost and the car damage
So here the cost should not outweight the benefit of the transferring the risk as the annual premium cost for ten years should be lower than the accident claims
Answer:no it is less then
Explanation:
:3
1. The primary objective of financial accounting is: A. To serve the decision-making needs of internal users. B. To provide financial statements to help external users analyze an organization's activities. C. To monitor and control company activities. D. To provide information on both the costs and benefits of looking after products and services. E. To know what, when, and how much to produce
Answer:
B. To provide financial statements to help external users analyze an organization's activities.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
The primary objective of financial accounting is to provide financial statements to help external users such as creditors, investors, potential clients, etc., analyze an organization's activities.
22. Which of the following does not demonstrate evidence regarding the ability to consummate a refinancing of short-term debt? A) Management indicated that they are going to refinance the obligation. B) Actually refinance the obligation. C) Have capacity under existing financing agreements that can be used to refinance the obligation. D) Enter into a financing agreement that clearly permits the entity to refinance the obligation.
Answer:
A) Management indicated that they are going to refinance the obligation.
Explanation:
The short-term financing is made immediately as it is required to cover the short-term obligations of the entity in a very short time.
The Manage does not indicate the refinancing of the obligation from short-term debt because they have less time to fulfill the obligation. The indiction can be made in long-term debt financing.
All of the other options indicate that the refinancing can be made from the short-term debt.
Characteristics of budgets include: (Check all that apply.) Multiple select question. a focus on the past. typically span a month, quarter or one year. expressed in monetary terms. formal statement of a company's plans. typically span 5 to 10 years. expressed in nonfinancial terms.
Answer:
I. typically span a month, quarter or one year.
II. expressed in monetary terms.
III. formal statement of a company's plans.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year.
Basically, budgets are usually compiled, analyzed and re-evaluated on periodic basis such as monthly, quarterly or annually.
Some of the important characteristics of budgets include:
I. It typically span a month, quarter or one year.
II. It's expressed in monetary terms.
III. It's a formal statement of a company's plans.
Furthermore, some of the benefits of having a budget are; it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
Bill, an employee with the U.S. Postal Service, was deployed to Iraq to serve in the U.S. Army for two years. After the completion of his military duties, he resumed work at the post office. He was employed with an increase in pay. Which law protected Bill by requiring that his employer re employ him with the seniority, status, and pay rate he would have earned if he had stayed on the job during the time of his deployment
Answer: Uniformed Services Employment and Reemployment Rights Act (USERRA)
Explanation:
USERRA is a federal Act that was passed in 1994 in order to help service members and veterans of the U.S. armed forces to be properly reintegrated into civilian life.
The Act requires that employers reemploy any person that left to serve in the armed forces and to give them the same status and seniority they would have been entitled to if they had not left. This Act also protects servicemembers and veterans from any discrimination that may come their way for having served in the military.
Jessica is new to international marketing and assumes that if a country speaks a similar language as another country then both of those countries will also be interested in the same types of products and services. Jessica appears to be suffering from
Answer:
an illusion of similarity.
Explanation:
It is correct to say that in this case, Jessica seems to be suffering from an illusion of similarity, in that she believes that two countries will be interested in the same types of products and services because they speak similar languages.
This is an illusion that can cause difficulties in a company's marketing positioning, as each country has its social and cultural particularities that must be considered when planning an international marketing strategy, as it must be aligned with local culture, taste and preferences so that a company can be well accepted and competitive in the international market.
How is chinese food made soo gosh darn good?
Answer:
Worm noodles
Explanation:
Answer:
I wish I knew. salt i guess
Explanation:
The following happened in a recent M&A transaction:
PP&E of the target company was increased from its original book basis of $650 million to $800 million to reflect fair market value for book purposes in accordance with the purchase method of accounting.
No "step-up" for tax purposes
Original tax basis of $650 million
Assuming a corporate tax rate of 35%, for book purposes, the company should record the following:
A. A deferred tax liability equal to $280 million
B. A deferred tax asset equal to $280 million
C. A deferred tax liability equal to $52.5 million
D. A deferred tax asset equal to $52.5 million
Answer: D. A deferred tax asset equal to $52.5 million
Explanation:
Original book basis of PP&E = $650 million
Fair market value = $800 million
Then, we calculate the difference between the fair market value and the original book value which will be:
= $800 million - $650 million
= $150 million
Then, the deferred tax liabilities will be:
= 35% × $150 million
= $ 52.5 million
Therefore, assuming a corporate tax rate of 35% for book purposes, the company should record a deferred tax asset equal to $52.5 million.
Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry).Assumed in perfect Competition------------------Not Assumed in perfect Competition-A small number of producers-Significant barriers to entry-Many buyers-Firms selling similar but different goods-Price taking behavior
Answer:
Assumed in perfect Competition
Many buyers
Price taking behavior
Not assumed in perfect Competition
A small number of producers
Significant barriers to entry
Firms selling similar but different goods
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
The price of a stock is: Question 7 options: the future value of all expected future dividends, discounted at the dividend growth rate. the present value of all expected future dividends, discounted at the dividend growth rate. the future value of all expected future dividends, discounted at the investors required return. the present value of all expected future dividends, discounted at the investors required return.
Answer:
the present value of all expected future dividends, discounted at the investors required return.
Explanation:
The price of the stock is the present value of all expected future dividends, discounted at the investors required return.
dividend models can be used in determining the value of a stock. some of them include:
1. The Gordon constant growth dividend model
2. The two-stage dividend growth model
3. The H-model
4. The three-stage dividend growth model
For example, if a firm would pay $5 as dividend in the coining year. Required return of an investor is 10% and growth rate is 5%. price is 100
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
5 / 0.1 - 0.05 = 100
The attines are dependent on a very unstable international commodity, oil prices were over $140 per barret in 2008 and fell to $30 per barrel in eany 2016 Southwest Airlines scored a coup in 2007-2008 by hedging most of it fuel costs at $51 per bartel Wars in the Middle East and hurricanes in Houston, Texas, affed the price of fuel International supply chains mean
A. less risk of disruption to supplies
B. more risk of disruptions to supplies.
C. the same risk to supplies as local supply chains
Answer:
c please mark brainly
Explanation:
All else equal, long-term bonds have less price risk than short-term bonds. b. All else equal, low-coupon bonds have less price risk than high-coupon bonds. c. All else equal, long-term bonds have less reinvestment risk than short-term bonds. d. All else equal, short-term bonds have less reinvestment risk than long-term bonds. e. All else equal, high-coupon bonds have less reinvestment risk than low-coupon bonds.
Answer:
c. All else equal, long-term bonds have less reinvestment risk than short-term bonds.
Explanation:
Bond is a financial obligation that runs for at least five and much longer time peroid. They can be fixed, floating and exchangeable bonds.It is okay to wear disposable gloves if: You wash hands first and discard gloves between tasks You dispose of the gloves often while preparing foods The handwashing sink is broken or missing soap Your hands are dirty and you are too busy to wash them
Jill's parents are concerned because she does not have a job despite graduating from college. Her parents tell her that they got jobs right out of high school, so she should be able to get a job very easily. They conclude that she must be lazy. Jill tells them that they need to consider larger economic trends and changes in technology to understand why she is having trouble finding a job. Jill is using __________________ to explain her inability to get a job:
Answer:
Her sociological imagination.
Explanation:
From the question, we were informed about Jill's parents who were concerned because she does not have a job despite graduating from college. Her parents tell her that they got jobs right out of high school, so she should be able to get a job very easily. They conclude that she must be lazy. Jill tells them that they need to consider larger economic trends and changes in technology to understand why she is having trouble finding a job. Jill is using
Her sociological imagination to explain her inability to get a job. The sociological imagination can be regarded as a practice that involved having ability to “think ourselves away” from some of our daily and familiar routines of our lives, so that see them with critical and new eyes, Sociological imagination is ability gotten by individual to focus away from his/her particular situation then think from other point of view or alternative perspective. Sociological imagination can be regarded from other point of view as capacity of individual to shift his/her thought from one perspective to another perspective.
At the end of the current year, using the aging of receivable method, management estimated that $31,500 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $900. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
Answer:
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
Explanation:
Preparation of the adjusting entry that the company should make at the end of the current year to record its estimated bad debts expense
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
($31,500+$900)
( To record its estimated bad debts expense)
Estimated Bad debts expense =Account receivables + Debit balance
Estimated Bad debts expense= $31,500 + 900
Estimated Bad debts expense=$32,400
When working with text boxes and shapes, which tab contains settings for applying shadows and 3-D rotation to objects?
Fill & Line
Effects
Size & Properties
Picture
Answer:
B) Effects
Explanation:
In Microsoft Presentation the shadows and 3-D rotation option are available inside the Home tab. This option is used to provide special effects on the slides. and other options are not correct that can be described as:
The fill & Line both option working is different from each other the fill option used for fill color in shapes and the Line is used to provide a line in the presentation.The Size & Properties option is used to change the size and property of an object.The picture option is used to insert a picture or modify a picture in the presentation.
Answer:
Effects
Explanation:
The manager of a clothing store in the mall has hired five new employees for the summer. All of them have just graduated from high school and will only work the three summer months before leaving for college. After the initial week of training, the manager continues to scrutinize and direct them in every detail of their job. Each time they make a mistake they are reprimanded, told their pay may be docked, and reminded that there are always other people who will gladly take their place. This manager is using the approach to management known as:
Answer:
Theory X
Explanation:
It is correct to say that this manager is using the management approach known as theory X, which is a philosophy that says employees work only for the benefits they receive, and that they avoid job responsibilities, so management must be inflexible and follow the hierarchy of functions, with the manager being responsible for a high degree of supervision of the work and the responsibility of the employee for any error.
Theory X may not be ideal for the current administration, where the focus of organizations are people and the formation of a culture focused on innovation and collaboration.
Select all that apply Some disadvantages of relying solely on financial measures include that: (Check all that apply.) Multiple select question. they can encourage managers to focus too heavily on short-term goals. they can encourage managers to focus too heavily on long-term goals. some profitable opportunities may be rejected to keep return on investment high. residual income is not as effective when comparing investment centers of different sizes. they require managers to focus on too many perspectives.
Answer:
they can encourage managers to focus too heavily on short-term goals.some profitable opportunities may be rejected to keep return on investment high. residual income is not as effective when comparing investment centers of different sizes.Explanation:
Assume that Heather always maximizes her total utility given her budget constraint. Every morning for breakfast Heather has two eggs and three sausages. If the marginal utility of the last egg is 20 utils and the price of eggs is $2 each, what can we say about the marginal utility of the last sausage if the price of each sausage is $1
Answer: 10 units
Explanation:
The marginal utility per dollar spent on the last egg should be equal to the marginal utility per dollar spent on the last sausage.
Marginal utility per dollar spent on last egg = Marginal utility / Price of egg
= 20 / 2
= 10 units per dollar
Marginal utility per dollar spent on last sausage = Marginal utility / Price of sausage
10 = Marginal utility / 1
Marginal utility = 10 units
The owner of a personal watercraft put an ad for its sale in the paper. Her neighbor saw the ad and told her that he wanted to buy the watercraft but had to arrange for financing. The owner suggested that they write a contract for sale then and there so that they would not have to waste any time while he got his financing. They orally agreed that the contract would not become binding unless the neighbor obtained financing, but the written contract did not mention this and appeared to be a fully integrated document. The neighbor could not obtain financing and the owner brings suit to enforce the written contract. Who will prevail
Answer: D. The neighbor, because obtaining financing was a condition precedent.
Explanation:
Even though it wasn't listed in the written contract, there was the condition precedent that the contract would not be binding unless funding was obtained. Condition precedent is a condition that must happen for a contract to become enforceable.
Funding was not obtained so the contract cannot be enforced. The neighbor would therefore prevail so long as the owner admits that there was indeed a condition precedent.
A delivery company employed several messengers to deliver packages by car to nearby towns. The company also allowed some employees to use company cars for personal use from time to time. A clerical employee had her car in a body shop because she had run a red light and been broadsided by another vehicle. This was the second time she had run a light and been hit. She borrowed a company car for the weekend and was using it to do some grocery shopping. The employee negligently went through a red light and crossed the path of a rented van. The man driving the van swerved to avoid the employee and struck a light post and several parked cars, severely damaging the van. At the time of the accident, the driver of the van was exceeding the posted speed limit; he would have been able to avoid hitting the light post and the cars had he been going the proper speed. The leasing company that had rented the van to the driver brought a lawsuit against the delivery company employee and the delivery company. The jurisdiction retains traditional contributory negligence rules. If the delivery company prevails in the lawsuit, what is the most likely reason
Answer:
The delivery company had no reason to know that its employee had a poor driving record.
Explanation:
In a dispute where an injury happened contributory negligence is the failure of the plaintiff to adequately protect themselves in a situation or if their actions contributed to a negative incident.
This reduces or stops the amount they can be compensated with.
In the given scenario the employee negligently went through a red light and crossed the path of a rented van. The man driving the van swerved to avoid the employee and struck a light post and several parked cars, severely damaging the van. At the time of the accident, the driver of the van was exceeding the posted speed limit; he would have been able to avoid hitting the light post and the cars had he been going the proper speed.
The delivery company will prevail if they said that the had no reason to know that its employee had a poor driving record.
This will attribute the accident to the negligence of the plaintiff and he will not be able to collect any compensation
In the economy of Nocoin bank deposits are ​$ billion. Bank reserves are ​$ ​billion, of which two thirds are deposits with the central bank. Households and firms hold ​$ billion in bank notes. There are no coins. Calculate the monetary base and the quantity of money. Calculate the​ banks' desired reserve ratio and the currency drain ratio​ (as percentages).
Answer:
a.$90 billion
b. $330 billion
c. 20 percent
d. 10 percent
Explanation:
a Calculation to determine Calculate the monetary base
Using this formula
Monetary base =Reserves +Bank notes (dollar bills)
Let plug in the formula
Monetary base=$60 billion+ $30 billion
Monetary base= $90 billion
Therefore the Monetary base is $90 billion
b . Calculation to determine The quantity of money
Using this formula
Quantity of money =Deposits+Bank notes (dollar bills)
Let plug in the formula
Quantity of money=$300 billion+$30 billion
Quantity of money=$330 billion
Therefore Quantity of money is $330 billion
c. Calculation to determine The banks' desired reserve ratio
Banks' desired reserve ratio =2/3*$30 billion
Banks' desired reserve ratio=20 percent.
Therefore the Banks' desired reserve ratio is 20 percent
d. Calculation to determine The currency drain ratio
Currency drain ratio =1/3*$30 billion
Currency drain ratio=10 percent
Therefore Currency drain ratio is 10 percent sure
Cost sharing _____. a. involves employers sharing the costs of government-mandated health insurance plans with the government b. requires insurance firms to share profits with employers who purchase insurance plans c. allows employees to track their fund balances d. requires employees to pay for more of their benefit costs
Answer:
d. requires employees to pay for more of their benefit costs
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel, etc.
Cost sharing can be defined as a process in which an employee makes payment for a portion of the cost he or she incurred, especially benefit costs.
In Business management, cost sharing requires employees to pay for more of their benefit costs.
Use the following list of factors that are related to the aggregate demand curve to answer the next question. 1) Real-Balances Effect 2) Household Expectations 3) Interest-Rate Effect 4) Personal Income Tax Rates 5) Profit Expectations 6) National Income Abroad 7) Government Spending 8) Foreign Purchases Effect 9) Exchange Rates 10) Degree of Excess Capacity Which of the above factors best explain the downward slope of aggregate demand curve?
Answer:
The answer is "1,3 and 8".
Explanation:
The effect of changes in the real value of financial assets on aggregate demand; So, as the cost of goods and services goes up, so too does the real purchasing power of money people have on hand. Such improvements should encourage people to save even more and spend less. Whenever a shift in the price level in one country leads to many other countries buying more of the country's goods, the foreign purchasing effect is in play. Dies lead to an increase in the net exports (and hence the actual GDP), therefore the effects of true and foreign purchases upon economic growth are depicted as a declining curve.
Social media objectives should: Choose only ONE best answer. A Be independent of competing marketing and organizational goals. B Adhere to the S.M.A.R.T. framework (Specific, Measurable, Achievable, Resourced, Time-bound). C Adhere to the CCAF framework: context, challenge, activity, feedback. D Flow from, and directly support, social media tactics. E Be finalized early, so marketing goals can be designed around them
Answer:
B is the best answer for this question.
Explanation:
It uses the smart goal which helps you make an achievable and realistic goal
An agreement between countries to encourage free trade and promote thegroup's collective economic interests is an__
O A. comparative advantage
OB. trade bloc
O C. absolute advantage
D. trade barrier
Answer:
OB. trade bloc.
Explanation:
A trade bloc is when a group of countries come together and form or create an agreement that reduced or even eliminates any restrictions on trade between themselves. This type of intergovernmental agreement allows the participating countries to have cordial economic relationships with each other.
Through this type of agreement, the regional barriers to international trade are open or given fewer restrictions to allow or encourage free trade between themselves. Moreover, it also allows them to trade among themselves and prevent the non-members from participating in any economic trade with the member nations.
Thus, the correct answer is option B.
. You have determined that Company A's shares have an intrinsic value of $20 per share but are trading at $22 per share, while Company B's shares are worth $25 per share but are trading at $22 per share. What would a rational investor (or an arbitrageur) do to take advantage of this price difference (no short-selling constraint and transaction fee)
Answer:
a rational investor would short company A's shares and long company B's shares.
Explanation:
Company A's shares are overvalued.
A share is overvalued when its intrinsic value is less than its price
Company B's shares are undervalued.
A share is undervalued when its intrinsic value is greater than its price
It is expected that the price of company's A's share would fall. Investors that are holding this company's share would lose.
On the other hand, it is expected the the price of company B's shares would rise. Investors holding this company's share would gain from the increase in price.
Thus, a rational investor would short short company A's shares and long company B's shares.
Accounts receivable arising from sales to customers amounted to $120,000 and $105,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $457,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answer:
Cash flow from operating activities $472,000
Explanation:
The computation of the cash flows from operating activities to be reported on the statement of cash flows is given below:
Beginning account receivable $120,000
Add: net income $457,000
less: ending account receivable -$105,000
Cash flow from operating activities $472,000
McCoy’s Fish House purchases a tract of land and an existing building for $900,000. The company plans to remove the old building and construct a new restaurant on the site. In addition to the purchase price, McCoy pays closing costs, including title insurance of $2,000. The company also pays $12,000 in property taxes, which includes $8,000 of back taxes (unpaid taxes from previous years) paid by McCoy on behalf of the seller and $4,000 due for the current fiscal year after the purchase date. Shortly after closing, the company pays a contractor $45,000 to tear down the old building and remove it from the site. McCoy is able to sell salvaged materials from the old building for $3,000 and pays an additional $10,000 to level the land.Required:Determine the amount McCoy’s Fish House should record as the cost of the land.
Answer: $962000
Explanation:
From the information given, the amount
that McCoy’s Fish House should record as the cost of the land will be:
Purchase price = $900,000
Add: Title insurance = $2000
Add: Back property tax = $8000
Add: Cost incurred to remove building = $45000
Add: Cost incurred to level the land = $10000
Less: Savage value of materials = $3000
Cost of land = $962000
Therefore, the cost of land is $962000
