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maksim [4K]
3 years ago
15

True or False: If Country B has an absolute advantage over Country A in producing bicycles, it must also have a comparative adva

ntage over Country A in producing bicycles.
Business
1 answer:
Anni [7]3 years ago
3 0

If Country B has an absolute advantage over Country A in producing bicycles, it must also have a comparative advantage over Country A in producing bicycles - False

<h3><u>Explanation:</u></h3>

When any organisation has the ability to produce a product identical to its competitor company in such a way it utilizes only lesser amount of the given resources producing more product then it is said to have absolute advantage.  Comparative advantage refers to the ability of a firm in producing a particular goods or services at a lesser marginal cost when compared with the opportunity cost.

Absolute advantages helps a firm to reduce its production cost than its competitors. Comparative advantage helps a firm in reducing the opportunity cost. It is not necessary to have a company to have both absolute and comparative advantage at the same time. It can either have absolute or comparative advantage.

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What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000
Nataly [62]

What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000?

a. $30,000

b. $ 3,000

c. $ 3,000,000

d. $300,010

Inventory is a collection of finished goods or items for manufacture held by a company for business purposes. The company could sell the inventory for profit. That means the products are finished and ready for selling as they are. Alternatively, the company could supply the goods to partner companies for further manufacturing. The products are then transformed or combined to become a different product. It depends on where the company is in the supply chain. Inventory is classed as a company asset. You note it as such on your balance sheet. The costs associated with buying, storing and selling inventory are tax-deductible expenses. The gross profit from the sale of inventory must be declared on your tax return as income. Making note of the expenses you incur from the inventory can lower your income tax amount.

Learn more about inventory here

brainly.com/question/14184995

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5 0
1 year ago
DonCo, Inc. sold merchandise on January 14, and accepted a 90-day, 5% promissory note in the amount of $5,000. On January 14, th
svetoff [14.1K]

Answer:

The required entries on 14 January is as follows:

Dr Notes receivable    $5,000

Cr Sales                                     $5,000

Explanation:

No doubt by selling the merchandise a sale transaction has been discharged since the ownership of the goods has changed hands between the seller and the buyer,hence the seller can record a sale by crediting sales account.

However, since the cash has not been received nor is the transaction a mere credit sale where accounts receivable would been debited,neither the cash nor accounts receivable can be debited.

The debit goes to the notes receivable account, without considering the interest as the interest is considered later on when payment becomes due.

4 0
3 years ago
Read 2 more answers
Tucker Corporation is planning to issue new 20-year bonds. The current plan is to make the bonds non-callable, but this may be c
yKpoI14uk [10]

Answer

d. The required rate of return would increase because the bond would then be more risky to a bondholder.

Explanation

The risk–return spectrum (also called the risk–return tradeoff or risk–reward) is the relationship between the amount of return gained on an investment and the amount of risk undertaken in that investment.

7 0
3 years ago
You are angry at a friend who forgot to meet you for lunch, and you decide to write an e-mail about how it made you feel. What s
maw [93]
Think about it first because you don't know why they forgot to meet you. Something could have happened. So if your that angry call to find out what was the reason they didn't meet you.
4 0
3 years ago
A trader is long EUR/USD at 1.2780 and has a target of 1.2790, but wants to limit losses to 1.2775. If they have entered an OCO
klemol [59]

If  an OCO order is entered, and EUR/USD trades below 1.2775 and above 1.2790, the resulting trade is to: Sell at 1.2790 and again at 1.2775.

<h3>What is OCO order?</h3>

OCO order which full meaning one cancels the other can be defined as a way in which  both limit order as well as stop order can be place at once.

Since the trade target is 1.2790 in which the stop loss or limit loss is 1.2775 in a situation were EUR/USD trades below the limit loss (1.2775) and above the target (1.2790) the trading result will be to sell at 1.2790 and then sell again at 1.2775.

Inconclusion  what would be the resulting trade is to:Sell at 1.2790 and again at 1.2775.

Learn more about OCO order here:brainly.com/question/14884905

5 0
2 years ago
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