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2 years ago

If labor in mexico is less productive than labor in the united states in all areas of production:____.

1 answer:

6 0

If labor in Mexico is less productive than labor in the united states in all areas of production then both Mexico and us still can benefit from trade.

Labor is the amount of physical, mental and social effort spent to produce goods and services in the economy. We provide the know-how, human resources, and services necessary to turn raw materials into finished products and services.

A business that requires more people and fewer machines is known as a labor-intensive business. The beauty, home construction, education and fashion industries are examples of labor-intensive industries.

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During January 2018, the following transactions occur:

umka2103 [35]

Answer:

See explanation section

Explanation:

Jan. 1 Equipment Debit $20,300

Cash Credit $20,300

To record the purchase of equipment assuming by cash.

Jan. 4 Accounts payable Debit $10,300

Cash Credit $10,300

To record the cash paid to accounts payable.

Jan. 8 Purchase Debit $90,900

Accounts payable Credit $90,900

To record the purchase of additional inventory (supplies) on account

Jan. 15 Cash Debit $22,800

Accounts receivable Credit $22,800

To record the cash received from customers

Jan. 19 Salaries expense Debit $30,600

Cash Credit $30,600

To record the cash paid for salaries expense

Jan. 28 Utilities expense Debit $17,300

Cash Credit $17,300

To record the cash paid for utilities expense

Jan. 30 Accounts receivable Debit $228,000

Sales Credit $228,000

To record the sales on account.

6 0

4 years ago

Read 2 more answers

Choose all that apply.

Aliun [14]

Annual fee, balance transfer fee, cash advanced fee, late fee, and over-the-limit fee are your answers.

8 0

3 years ago

Read 2 more answers

When the dollar is worth less in relation to currencies of other countries, are you more likely to buy american-made or foreign-

MArishka [77]

When the dollar is worth less in relation to currencies of other countries, you are more likely to purchase American-made product.

<h3>How currencies are valued ?</h3>

Collective supply and demand determine the value of a currency. Numerous variables, such as interest rates, inflation, capital flows, and money supply, have an impact on supply and demand. Currency is most frequently valued using exchange rates.

<h3>What makes a currency more valuable?</h3>

When there is a high demand for a currency, it will appreciate in value. Conversely, when there is a low demand for a currency, it will depreciate in value.

A controlled floating exchange rate is what determines the current exchange rates between nations. With a managed floating exchange rate, each currency's value is influenced by the policies taken by its central bank or government in terms of the economy.

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7 0

2 years ago

Which of the following is a reason advertising can be economically wasteful? Advertising provides consumers with price and quali

Hitman42 [59]

Answer:

The correct answer is advertising manipulates the tastes of people and can reduce or decrease the competition.

Explanation:

Advertising is the source through which the company or the firm promote the product or a service of their business, so that the customers could be make aware of the products and the services offered by the firms.

It manipulates the taste of the people by establishing a desire and impedes the competition through increasing the perception of the product differentiation.

4 0

3 years ago

You have just turned 40 years old and are trying to decide who much money to put into your retirement plan. The plan works as fo

Karolina [17]

Answer:

$31,886.09

Explanation:

years until retirement = 65 - 40 = 25 years

interest earned 7%

retirement age 65

expected life span after retiring = 95 - 65 = 30 years

financial needs during retirement $250,000 per year

current account balance $200,000

we must first determine how much money you will need when you are 65:

present value = $250,000 x 12.409 (PV annuity, 30 years, 7%) = $3,102,250

your $200,000 will be worth $200,000 x (1 + 7%)²⁵ = $1,085,486.53 in 25 years

so you need $3,102,250 - $1,085,486.53 = $2,016,763.47 extra

using the FV formula for an annuity:

$2,016,763.47 = payment x 63.249 (FV annuity, 25 years, 7%)

payment = $2,016,763.47 / 63.249 = $31,886.09

7 0

3 years ago