Answer:
a. Have a comparative advantage in some products.
Explanation:
France, Bolivia, and Taiwan have a comparative advantage in some products.
Answer:
correct answer is $142,000 credit
Explanation:
given data
retained earnings = $136,000 credit
revenues = $20,000
expenses = $12,000
purchased equipment = $5,000
paid dividends = $2,000
solution
we get here first net income that is
net income = revenues - expenses ...........1
net income = $20,000 - $12,000
net income = $8,000
now we get here balance in retained earnings that is
balance of retained earning = Retained Earnings + net income - dividends ..........2
balance of retained earning = $136,000 + $8,000 - $2,000
balance of retained earning = $142,000 credit
so correct answer is $142,000 credit
Answer:
The answer is:
Dr Cash $5,025
Cr: Receivable $5,000
Cr: Interest Revenue $25
Explanation:
The year is 360 days.
Annual rate is 6%
Therefore, interest rare for the 30-day is 1.5%[(90/360) x 6%]
So, the interest on the rate is:
0.5% x $5,000
$25.
The total amount collected from Bria will be principal + interest
$5,000 + $25 = $5,025
According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.
So we have:
Dr Cash $5,025
Cr: Receivable $5,000
Cr: Interest Revenue $25
Answer:
All of the above
Explanation:
This theory is one of the theories of work and motivation as it pertains to certain workers. The theory is by Douglas MacGregor
These are the assumptions
1.that many people hate anything work and would do anything they can to avoid working.
2.people are not ambitious. They would rather avoid responsibility
3. People have to be forced to work, so they must be directed.
Answer:
If Jenny doesn’t earn any interest on her savings and wants to perfectly smooth consumption across her life, how much will she consume every year?
Jenny's total income during her life = income as tax analyst ($60,000 x 10) + income as PhD student ($12,000 x 5) + income as Art Director (35 x $95,000) = $3,985,000
she generated income during 50 years and expects to live 20 more, so in order to perfectly smooth consumption across her life, she must divide her total life income by 70 years = $3,985,000 / 70 years = $56,928.57 per year
What might prevent her from perfectly smoothing consumption?
First of all, besides inflation, you also earn interest on your savings. That is why 401k and other retirement accounts work so well (the magic of compound interest). Even if inflation and interests didn't exist, you cannot know exactly what you are going to earn in the future and for how many years. In this case, she earned $60,000 for 10 years, but then earned only $12,000 during 5 years. If she really wanted to smooth her consumption, she would have needed to get a loan because her savings during the first 10 years wouldn't be enough.
