Answer:
Increased international trade, especially exports, increases production efficiency which allows a country to move beyond its production possibilities frontier.
Explanation:
In business terms, a production possibilities frontier is a curve that shows how much two products in an economy are able to produce when the two products are competing over the same limited resources. The curve can also be used to determine the quantity of a product that can be produced in an economy when the economy is working at its maximum efficiency. There are many factors that affect the production possibilities frontier, namely;
International trade:
Trade is the exchange of goods and services for commercial interests. International trade involves trade between countries. Most countries trade in the form of exports and imports. Exports are goods and services taken to foreign countries while imports are goods and services received from other countries. When there are greater exports than imports, it means that more of your goods and services are on demand by other countries thus makes your currency stronger. An increased demand for domestic goods and services increases production efficiency which allows a country to move beyond its production possibilities frontier.
Answer:
Ending inventory as at 31 December = $1500
Explanation:
First-In-First-Out is a method of inventory valuation whereby the stock that comes in first, is used first. This is common for inventory consisting of perishables, such as vegetables where if not used/sold soon, it would be wasted.
Jan 31: Purchases = $20 x 100 units = $2000
<em><u>Remaining inventory:</u></em>
$20 x 100 units = $2000
Feb 28: Purchases = $30 x 100 units = $3000
<em><u>Remaining inventory:</u></em>
$20 x 100 units = $2000
$30 x 100 units = $3000
<em><u>Sales = 150 units x $45:</u></em>
$20 x 100 units = $2000
$30 x 50 units = $1500
<em><u>Remaining inventory</u></em>
200 - 150 = 50 units x $30 = $1500
<em>Thus,</em>
Cost of Goods Sold = $3500 ($2000 + $1500)
Ending inventory as at 31 December = $1500
Answer:
$42,853
Explanation:
The computation of the allowable MACRS depreciation on Convers’s property in the current year is shown below:
<u>Assets Place in service Quarter Original Basis Rate Depreciation</u>
Machinery
(7 years) Oct 25 4th $70,000 14.29% $10,003
Computer
Equipment
(5 years) Feb 03 1st $10,000 20% $2,000
Used delivery
truck
(5 years) Mar 17 1st $23,000 20% $4,600
Furniture
(7 years) Apr 22 2nd $150,000 14.29% $21,435
Qualified
improvement
(39 years) May 12 2nd $300,000 1.605% $4,815
Total $553,000 $42,853
Refer to the MACRS depreciation table
and we used the half year convention
Answer:
B
Explanation:
If I'm not wrong, their steel industry is still growing due to the inputs of iron ore and coal.
Answer:
d. All people respond better to visual information than text.
Explanation:
- Visualization refers to an image of an object, situation or event, or any chart in the human mind. Visualization is the creation of a mental image of an object, image or situation in one's mind.
- Visualization is important in providing creative ideas to customers. It helps users understand the message. Humans respond and process visual data more appropriately than other data.
- The human brain processes images faster than texts, and most of the information transmitted to the brain is visual. Therefore, people respond better to visual information than text.
