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2 years ago

What is the benefit in reaching the absolute advantage in the production of one good?

1 answer:

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The benefit in reaching the absolute advantage in the production of one good to produce more units of a good than other countries. Option A is correct.

<h3>What is the absolute advantage?</h3>

The ability of a party to produce a good or service more efficiently than its rivals is the foundation of the principle of absolute advantage. This idea or principle was first introduced in 1776 while covering international trade and using labor as the sole input.

Therefore, option A is correct.

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A company has $107,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts

yawa3891 [41]

Answer:

None of these

what would be the correct answer choice?

Assuming 5% of outstanding accounts receivable, the journal entry:

Dr Bad Debt Expense $ 6.320

Cr Allowance for Uncollectible Accounts $ 6.320

Explanation:

If the company applies the allowance method, it means that the account

Allowance for Uncollectible Accounts must show as balance the 5% of outstanding receivables as debit.

Because the company has a credit balance in that account it's necessary to register an entry that compensate the value as credit and reflect as debit the value estimated as 5% of account receivable.

Initial Balance

Dr Accounts Receivable $ 107,000

Dr Allowance for Uncollectible Accounts $ 970

The journal entry adjustment will be:

Dr Bad Debt Expense $ 6,320

Cr Allowance for Uncollectible Accounts $ 6,320

FINAL Balance

Dr Accounts Receivable $ 107,000

Cr Allowance for Uncollectible Accounts $ 5,350

8 0

3 years ago

2. Three years ago, Shawheen deposited $5,000 in a savings account. Today, the account is worth

AnnyKZ [126]

The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.

The initial deposit might have a higher purchasing power because of inflation.

When money is deposited in a savings account, the amount of money earns interest.

The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)

Interest earned = $$5,306.04 - $5,000 = $306.04

Interest rate = $306.04 / (3 x $5000) = 2.04%

Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.

To learn more about inflation, please check: brainly.com/question/18072639

4 0

2 years ago

Advertisements that feature promotions such as buy-one-get-one-free offers essentially signal that customers will get value in s

Ber [7]

The answer to the blank space is discriminative stimuli.

A discriminative stimulus means that this thing differs from the others – and thus the person who perceives it will be more likely to be attracted to it. Buy one get one deals are essentially this type of stimulus since people are more likely to gravitate to it than other deals because they believe they will get a better deal by choosing to purchase the item.

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3 years ago

George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufactu

ale4655 [162]

Answer:

$256,284

Explanation:

The computation is shown below:

First, Calculate the predetermined overhead rate per hour which equals to

= (Estimated manufacturing Overhead cost ÷ estimated machine hours)

= ($235,900 ÷ 20,800 hours)

= $11.34 per hour

So, the applied overhead or manufacturing overhead allocated equals to

= Predetermined overhead rate per hour × actual machine hours

= $11.34 per hour × 22,600 hours

= $256,284

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3 years ago

Pricing strategy varies significantly across different market structures.

sasho [114]

Answer:

the answer is yes or true

Explanation:

you can understand it by Pricing strategy is the overarching approach used to set pricing for a company's products and services. It doesn't define actual price points, but the pricing structure is a consequence of the strategy, and it's where you set the price customers see

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3 years ago