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1 year ago

If the world price for a good exceeds the before-trade domestic price for a good, then that country must have.

1 answer:

3 0

If the world price for a good exceeds the before-trade domestic price for a good, then that country must have a comparative advantage in the production of the good.

The domestic price level represents the current price of a particular good or service in an economy. Government agencies or national economists tend to look at different price levels to gauge how prices rise or fall, which is economically known as inflation and deflation, respectively.

If the world price is lower than the domestic price of a good in a country, allowing free trade will reduce that country's total surplus. When the world price of a good is lower than the domestic price of a good, the imposition of a tax on an imported good will increase the total surplus in the market.
Economic pricing theory asserts that in a free market economy, market prices reflect the interaction between supply and demand: prices are set to match the quantity supplied and the quantity demanded.

Learn more about domestic goods here: brainly.com/question/1383956

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Folsom Fashions sells a line of women's dresses. Folsom's performance report for November Year 1 follows.Actual : Dresses Sold:

ElenaW [278]

Answer:

(B) $5,000 favorable.

Explanation:

Variable cost flexible budget variance:

budget for 6,000 units total variable cost: $180,000

We divide the total cost by the activity in that budget:

$180,000/ 6,000 = 30

Now we multiply by the actual volume:

5,000 x 30 = 150,000

Now we do flexible budget - actual cost = variance

150,000 - 145,000 = 5,000 favorable

It is favorable, as the cost where less than expected.

4 0

3 years ago

These expenditures were incurred by Carla Vista Co. in purchasing land: cash price $61,440, accrued taxes $4,720, attorney’s fee

ludmilkaskok [199]

Answer:

Cost of land = $76,240

Explanation:

Cost of land = cash price + accrued taxes + attorney's fees + broker's commission + clearing and grading

Cost of land = $61,440 + $4,720 + $2,660 + $3,360 + $4,060

Cost of land = $76,240

Original cost is the total price associated with the purchase of an asset.
The original cost of an asset takes into consideration all of the items that can be attributed to its purchase and to putting the asset to use.
These costs include the purchase price and such factors as commissions, transportation, appraisals, warranties and installation and testing.
Original cost can be used to value an asset type, including equipment, real estate and security instruments.

3 0

4 years ago

What does Accenture help businesses implement to ensure their data is trustworthy and reliable? data citizenship and literacy pr

FinnZ [79.3K]

Answer:

data governance and management policies.

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

Basically, a data database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. These records are stored and communicated to other data when required or needed.

One of the world's largest management and technological consulting company that provide services such as database management, consulting, strategy and outsourcing is Accenture.

Accenture help businesses implement data governance and management policies in order to ensure their data is trustworthy and reliable.

7 0

3 years ago

Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following sto

algol [13]

Answer:

Find the requirement below:

1. Prepare the journal entries required to record the sale of common stock in (a) and (b). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Prepare the stockholders’ equity section as it should be reported on the year-end balance sheet. (Amounts to be deducted should be indicated by a minus sign.)

First issue of shares:

Dr Cash $197,200

Cr Common stock $98,600

Cr Paid-in capital in excess of par $98,600

Second issue of shares:

Dr Cash $85,800

Cr Common stock $37,400

Cr Paid-in capital in excess of par $48,400

Shareholders equity section:

Common stock ($98,600+$37,400) $136,000

Paid in capital ($98,600+$48,400) $147,000

Retained earnings $7,300

Total shareholders' equity $290,300

Explanation:

First issue of shares:

cash proceeds 5,800*$34=$197,200.00

split into common stock $17*5,800=$98,600.00

paid-in capital in excess of par ($197,200-$98,600)= $98,600.00

second issue of shares:

cash proceeds 2,200*$39=$ 85,800.00

split into common stock $17*2200=$ 37,400.00

paid-in capital in excess of par ($85,800-$37,400)= $48,400.00

4 0

3 years ago

The following information pertains to Pernell Company's pension plan. Beginning PBO: $500,000; current service cost $50,000; dis

monitta

Answer:

= $560,000

Explanation:

Given that:

-Beginning PBO: 500,000
-Current Service Cost: 50,000
-Discount Rate: 6% => interest cost = 500,000*6% = 30,000
-Contributions by Pernell: 40,000
-Benefits paid to employees 25,000
-Loss on PBO: 5,000

As we know that service cost; gains and losses; payments to retired employees; prior service cost; interest cost; payments to employees are factors that change the balance of the PBO

So the ending balance of the PBO will be:

Beginning PBO + Current Service Cost + Interest cost Loss on PBO -Benefits paid to employees

$500,000 + $50,000+ $30,000+$5,000-$25,000

= $560,000

4 0

3 years ago