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1 year ago

A British grocery chain uses previously obtained U.S. dollars to purchase apples from the United States. This transaction

1 answer:

6 0

A British grocery chain uses previously obtained U.S. dollars to purchase apples from the United States. This transaction increases British net capital outflow and increases U.S. net exports. This is further explained below.

<h3>What is a grocery chain?</h3>

Generally, Fresh or packaged food is sold at grocery stores, which are sometimes known as "grocery shops" (AE), "grocery stores" (BE), or simply "grocery" (AE).

In conclusion, Apples from the U.S. are purchased by a British supermarket chain using U.S. money that was previously purchased. This deal raises net capital outflow from the United Kingdom and boosts net exports from the United States.

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If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other,

grigory [225]

Complete Question:

If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that repairs only one or the other, this would be an example of __________.

Group of answer choices

A. economies of scope

B. economies of scale

C. monitoring

D. increasing transactions costs

Answer:

A. economies of scope

Explanation:

If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other, this would be an example of economies of scope.

Economies of scope can be defined as an economic factor which makes proportionate savings possible as well as reducing the cost of production when products are manufactured together instead of manufacturing them individually or separately.

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3 years ago

Buying the beneficiary position on a life insurance policy of someone who is dying

MaRussiya [10]

Buying the beneficiary position on a life insurance policy of someone who is dying is referred to as <u>Viatical Settlement</u>

Explanation:

<u>Viatical settlement</u> refers to the sale of a life insurance policy by the owner to a third party for a amount which is more than its surrender value but less than its net death benefit.

Viatical settlement provides the policy owner with a lump some amount of money.

The <u>viatical settlement </u>is tax-free as per the Health Insurance Portability and Accountability Act (HIPAA) 1996

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3 years ago

Bessie is at the grocery store and is trying to remember some of the things she needs to buy. She is in the cleaning products ai

Anna007 [38]

Answer: Actual state

Explanation: In simple words, The actual state refers to the way in which a rational consumer actually satisfies his or her needs and wants.

In the given case, Bessie is sure that she has the same product left at home however she does not have any proof. Bessie decides to not purchase the good she already has one, thus, despite of not having a proof she decides to satisfy her wants by not purchasing the bottle.

Hence the correct option is C .

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3 years ago

Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the

aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

3 0

2 years ago

Lynn Ally, owner of a local Subway shop, loaned $40,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Ly

Juliette [100K]

Answer:

Lynn will receive $63,754 at the end of 8 years.

Explanation:

Future value is the sum of value of principal invested and compounded return received over the investment period.

Using following formula of future value to calculate the required interest rate.

FV = PV x ( 1 + r )^n

PV = Present value = $40,000

n = number of years = 8 years

r = Interest rate = 6%

FV = Future value = ?

FV = $40,000 x ( 1 + 6% )^8 = $63,754

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3 years ago

Read 2 more answers