Answer:
The future value of the same annuity due is $9307.50
Explanation:
FVA6 = 8500*(1 + 9.5%)
= $9307.50
Therefore, The future value of the same annuity due is $9307.50
Answer:
1, supply, depreciate
Explanation:
If Net Capital Outflow increases, the supply of dollars in the Foreign Currency Exchange Market will increase, causing the real exchange rate to depreciate
Answer:
A lot of information is missing, but the answer is the same whether we are told about a specific case or not. If the US Supreme Court decided on a similar case that is under trial in Nebraska, the Nebraska court must follow the decision and guidelines of the US Supreme Court.
The Supreme Court is the highest court in the US, and its decisions must be followed by all lower courts. If a lower court doesn't follow a Supreme Court decision on a similar case, then an appellate court would reverse the decision.
The Supreme Court does not create laws, but it decides on how they should be enforced.
Answer:
Cost of Goods Sold 70 Inventory 70
Explanation:
For recording the inventory in the book of accounts, we consider the cost or net realizable value whichever is lower
According to the question, the inventory unit for A would be recorded at $655, and the inventory unit for B would be recorded at $505 as these reflect the lower cost.
The journal entry is shown below:
Cost of goods sold A/c $70 ($575- $505)
To Inventory A/c $70
(Being adjusted entry recorded)
Answer:
2. False
Explanation:
A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.
For example, there are two bakers, Jean and Vincent. Vincent can produce either 5 cakes or 10 pizzas in 1 hour while Jean can produce either 8 cakes or 12 pizzas in one hour.
The opportunity cost for producing cake is:
Jean = 10/5 =2
Vincent = 12 / 8 = 1.5
Vincent has a lower opportunity cost when compared with Vincent in the production of cake, therefore, he has a comparative advantage.
I hope my answer helps you
