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1 year ago

What is the difference between comparative advantage and absolute advantage?

Business

1 answer:

goldenfox [79]1 year ago

6 0

Answer:

Absolute Advantage: The ability of an actor to produce more of a good or service than a competitor.

Comparative Advantage: The ability of an actor to produce a good or service for a lower opportunity cost than a competitor.

Explanation:

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Pare Company reported a net loss of $30,000 for the year ended December 31, 2014. During the year, accounts receivable decreased

Free_Kalibri [48]

Answer:

provided net cash of $10,000

Explanation:

The computation of the cash flow from operating activities is shown below:

Cash flow from operating activities

Net loss -$30,000

Add: depreciation expense $20,000

Add: Decrease in account receivable $15,000

Less: Increase in merchandise inventory -$25,000

Add: Increase in account payable $30,000

Net cash flow provided by operating activities is $10,000

The positive sign reflects the inflow of cash while the negative sign reflects the outflow of cash

6 0

4 years ago

Each of the following represents a good habit if you’re trying to prevent ID theft EXCEPT…

Eddi Din [679]

Answer:

The correct answer is letter "C": Using one very secure password for all of your major financial accounts.

Explanation:

Using one password -regardless of how secure it could be- for all the different accounts an individual might have increases the chances that in front of identity theft, the attacker will get the most of the individual's financial assets. It is recommended to have different passcodes with different accounts and avoid using personal information within the passwords.

5 0

3 years ago

A company purchased $10,500 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $750

defon

,Answer:

$9,825

Explanation:

Merchandise Costs must include all costs related to acquisition of merchandise such as freight charges for valuation purposes - IAS 2.

Therefore Cost of Merchandise Purchased was, $10,500 + $750 = $11,250

Merchandise Purchase - June 15 :

Debit : Merchandise $11,250

Credit ; Discount Received (2% x $11,250) $225

Credit : Account Payable (98 % x $11,250) $11,025

Return of Merchandise - June 20 :

Debit : Accounts Payable $1,200

Credit : Merchandise $1,200

Amount to be Paid - June 24 :

Debit : Accounts Payable ($11,025 - $1,200) $9,825

Credit : Cash $9,825

4 0

3 years ago

Richard created an advertisement that included a scientific explanation of how clothes are cleaned beside the image of washing m

olga2289 [7]

Answer:

Richard should have use brevity and percision in his ad to make it better.

Explanation:

Brevity is similar to shortness and percision is the most suitable answer because fluidity means changable and the comparability mean it can be similar and comparable

4 0

3 years ago

Mobile visual search (MVS) apps generate graphic images that are superimposed on pictures of real things (e.g., people, rooms, b

Romashka-Z-Leto [24]

Answer: False

Explanation:

Mobile Visual Apps were made.more along the lines of linking different content from a single picture. For instance, a single picture of a logo could link the user to the social media pages, products and other content belonging to the owner of the logo.

The product described in the text above is ' Augmented Reality '.

5 0

4 years ago