The answer is A.<span>a savings account that offers an interest rate of 4.5%</span>
Answer:
Bellisima's opportunity cost:
-
Production of corn per million hours of labor = 12 / 24 = 0.5 pairs of jeans of corn
- Production of jeans per million hours of labor = 24 / 12 = 2 bushels of corn
Felicidad's opportunity cost:
- Production of corn per million hours of labor = 8 / 32 = 0.25 pairs of jeans of corn
- Production of jeans per million hours of labor = 32 / 8 = 4 bushels of corn
Felicidad has a comparative advantage int he production of corn while Bellisima has a comparative advantage in the production of jeans.
If both countries specialize:
- Felicidad will produce 128 million bushels of corn.
- Bellisima will produce 48 million pairs of jeans.
Total production of corn has increased by 24 million bushels.
Total production of jeans has increased by 12 million pairs.
Assuming that Bellisima trades 26 million pairs of jeans and Felicidad exchanges 78 million bushels of corn, then:
- Felicidad's consumption of jeans will increase by 2 million pairs, while their consumption of corn will increase by 50 million bushels.
- Bellisima's consumption of jeans will increase by 10 million pairs, while their consumption of corn will increase by 6 million bushels.
True, because you don't everyone good at the same thing. For example, if you want to make a car, you don't want everyone to just know how to build doors.
Answer:
B. The selling price of the product and the consideration promised in the contract differ significantly.
Explanation:
"While determining the transaction price, an entity shall adjust the amount of consideration with respect to the time value of money, if the timing of payment to be made by customer under the contract provides some significant benefit of financing to the customer or the entity for the transfer of goods or services to the customer. The Significant financing benefit could be explicit or implicit in the contract.
The idea behind the significant financing component is that entity should consider the revenue based on the price that a customer would have paid at the time of transferring the goods or services to the customer by the entity i.e. Cash Selling Price (If the payment was made immediately)."
Reference: Prasenjit. “ASC 606: Step 3 – Determining the Transaction Price.” RevGurus, 25 Mar. 2019
It’s C) The geocentric orientation
I hope this helped out, have a nice day! :)
