Answer:
A) Country 1's PPF lies further to the right than country 2's PPF.
Explanation:
Production Possibility Curve shows the combination of two goods, that an economy can produce - by utilising given resources & technology best efficiently.
If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF. As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.
Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.
Correct/Complete Question: Transfer of an order instrument by indorsement and delivery warranty liability to any subsequent holder who takes the instrument in good faith. True or False
Answer:
True
Explanation:
A warrant liability can also be called a borrower's liability and it is the responsibility incurred by a borrower on a borrowed instrument.
When an instrument is transferred to a borrower by indorsement, the borrower has the warrant liabilty extended to him. When the instrument transferred is not done with indorsement, only the lender has the warranty liability.
Cheers.
Answer:
- fairness,
- honesty,
- integrity
Explanation:
The three most important ethical principles that should guide all organizational activities are fairness, honesty and integrity. Currently we live in a globalized and multicultural business scenario, where there is an intense flow of information and a lot of competitiveness, so it is necessary that organizations seek to adapt their strategic planning to this new reality, where corporate governance is an essential parameter of relationship with a company by many stakeholders.
The fairness, honesty and integrity of the company will help it to maintain an internal environment focused on the development of skills and an organizational culture based on ethics and respect for all employees, regardless of their individual values or hierarchical position. These ethical principles will also help the organization to have a good image in the market, to attract greater reliability and transparency in the processes.
Answer:
final lower-of-cost-or-market inventory value is $155
correct option is $155
Explanation:
given data
product cost = $162
replacement cost = $155
realizable value = $160
profit margin = $10
to find out
final lower-of-cost-or-market inventory value
solution
we know that according to the inventory accounting that
inventory value is the lower of cost or the market value or the replacement cost is taking as basis for the inventory fair value so
here we have given value $162 and $155 and $160
so the lower value of all these is $155
so final lower-of-cost-or-market inventory value is $155
correct option is $155
Answer:
D) Only $7,000 of the office expenses can be deducted; the remaining $1,000 can be carried forward to future tax years.
Explanation:
Since Gene's profit before home expenses is only $7,000, he can only deduct up to $7,000 for this year. That way his net profit will be $0. The remaining $1,000 must be carried forward so that he can use them in the future, probably next year he will add them to his deductions. If a business losses money, the government pay you anything, taxes only work one way, you have to pay.