<span>This statement is false. An absolute advantage is the countries ability to carry out a certain economically advantageous activity better than another country or group while a comparative advantage is the ability to carry out an economic activity better and more efficiently than another activity.</span>
Answer: The assets that are classified as plant assets on the company's balance sheet include :
(1) the showroom building, a separate building used to service customer cars, and various parking lots.
Plant asset is known as the long-term fixed asset that is used to bring forth or sell commodities and services for the institution. These assets are tangible and are expected to produce economic benefits for the organization.
Answer:
outsourcing is good for getting things made cheaper but it is also coming from another country which some people dont agree with especially with the virus. i think its a good idea because (if you are from the US) we are in a huge amount of debt, and so the cheaper the better.
Explanation:
Answer:
$405,458
Explanation:
Date of acquisition - 01/04/2015
Date of disposal - 01/05/2018
Time line - 3years 1 month
Useful life - 5years
Salvage value - $68000
Depreciation method - Straight line
Cost of Asset - $725,000
Annual Depreciation = (725000-68000)/5 =657,000/5 = 131500
Accumulated depreciation = (131500*3) + 131500/12
$394,500+10,958
Answer:
monopolistic competition
Explanation:
A monopolistic competition has the features of both a monopoly and a competitive firm.
Characteristics of a monopolistic competition includes:
1. Many buyers and sellers
2. Firms are price setters
3. Firms sell differentiated products
4. There are low barriers to entry and exit of firms.
5. Firms make zero economic profit in the long run.
Perfect competition has the above characteristics of a monopolistic firm except:
1. They are price takers
2. There are no barriers to entry and exit of firms
3. Firms do not sell differentiated products.
An oligopoly industry is characterised by few large firms, significant barriers to entry or exit of firms.
Monopoly firms earn economic profit in the long run, there is only one seller in the market and there are high barriers to entry or exit of firms.
I hope my answer helps you.
