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3 years ago

How does el nino affect the economies of ecuador and peru?

Business

1 answer:

svp [43]3 years ago

4 0

Answer: El Niño damages the economics of both Ecuador and Peru.

Explanation: El Niño creates an economic problem for both Ecuador and Peru. When the El Niño comes in to this area it warms the temperature of the ocean water. This warmer water results in fewer fish being caught, which has a direct impact on the economy.

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The productivity gains achieved by specialization are due to A. comparative advantage. B. lower opportunity costs from switching

Ronch [10]

Answer:

Comparative advantage.

Explanation:

Comparative advantage is the ability to produce good and services at a lower opportunity cost compared to others , leading to lower selling price and competitive advantage over others .

Specialization is about concentrating on producing a few products in order to

build brands , expertise and gain maximum productivity leading to a reduction in selling price and a comparative advantage.

4 0

3 years ago

Read 2 more answers

Prepare Krum Co.'s journal entries to record the following transactions involving its short-term investments in available-for-sa

ser-zykov [4K]

Answer and Explanation:

The journal entries are shown below:

On Aug 1

Short-term investments $70,000

To Cash $70,000

(Being the short term investment is recorded)

Here short term investment is debited as it increased the asset and credited the cash as it decreased the asset

On Oct 30

Cash ($70,000 × 11% × 90 days ÷ 360 days) 1,925

To Interest revenue $1,925

(Being the interest revenue is recorded)

here cash is debited as it increased the asset and credited the interest revenue as it also increased the revenue

Here we assume 360 days in a year

6 0

2 years ago

indicate whether the following statement is true or false and why." a wage rising slower than the rate of inflation is actually

Artemon [7]

Answer:

The correct answer is option c.

Explanation:

Inflation implies an increase in the general price level. It reduces the purchasing power of consumers.

If the wages are increasing slower than the rate as inflation it means that the disposable income is increasing at a slower rate than the increase in prices. It implies that purchasing power is declining.

If wages are increasing at the same rate as inflation, it means that the purchasing power is constant. If wages are increasing at a faster rate than the increase in the inflation rate, it means that the purchasing power is increasing.

6 0

3 years ago

On January 1 of this year, Thomas Insurance Corporation issued bonds with a face value of $ 4,000,000 and a coupon rate of 9 per

ra1l [238]

Bonds Payable amount reflected in balance sheet = $2192890

Face Value = $2000000

Coupon Rate = 10%

Maturity Period = 10 years

Number of compounding = 2

Interest = $2000000 * 10% * 6/12 = $100000

Period = 2 * 10 = 20

Maturity Value = Face Value = $2000000

Market Interest Rate semiannually = 0.085 / 2 = 0.0425

Market Value = Present Value of Future Cash Flows

= PV of Interest + PV of maturity value

= (Interest * PVAF (4.25%, 20)) + (Maturity Value * PVIF (4.25%, 20))

= (100000 * 13.29437) + (2000000 * 0.434989)

= $1329437 + $869978

= $2199415

Since market value is greater than face value, we can say that bonds are issued at a premium.

Premium = $2199415 - $2000000 = $199415

Journal Entry to record the issuance of bonds:

Cash a/c Dr $2199415

To Bonds Payable a/c $2000000

To Premium on the issue of bonds $199415

Bonds Payable amount is a liability account that carries the quantity owed to bondholders by way of the company. This account usually seems in the lengthy-term liabilities section of the stability sheet, on account that bonds usually mature in more than one year.

Learn more about Bonds Payable amount here: brainly.com/question/7158291

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7 0

2 years ago

__________ occurs when someone adds value to an item of personal property by use of labor or materials. Generally, the _________

Sati [7]

Answer:

Access, original owner, need not, confusion, fungible, ownership, innocent owner

Explanation:

Access occurs when someone adds value to an item of personal property by use of labor or materials. Generally, the original owner owns the property after this occurs. If the improvement was made without the permission of the owner, the owner need not pay for it. confusion is the commingling of goods to the extent that the goods of one owner cannot be distinguished from the goods of another owner. This often occurs with tangible goods. If this occurs because of agreement, mistake or the act of a third party, the owners share ownership in proportion to their contributions. If it happens because of the wrongful act of one owner, the innocent owner acquires title to the whole lot of goods.

4 0

3 years ago