Answer:
Since there is not enough room here, I used an excel spreadsheet to answer the question.
Assets increased by $8,440
Stockholders' equity increased by $8,440
Revenues increased by $8,440
Cash flows increased by $6,040
Explanation:
The accounting equation: Assets = Liabilities + Stockholders' Equity, basically represents how the double entry accounting system works. One side (assets) must always be equal to the other side (liabilities + stockholders' equity).
Answer:
C) Mutual gains from trade can be obtained if the United States imports televisions from Korea and Korea imports wheat from the United States
Explanation:
Korea has a comparative advantage over the US in the manufacturing of television units, while the US has a comparative advantage over Korea in the production of wheat. Therefore if they trade between each other they can both benefit from this situation. If Korea and the US are able to trade TVs for wheat at a the following price levels:
10 bushels of wheat ≤ TV ≤ 20 bushels of wheat
Answer:
$180 is the correct answer!!!
Explanation: