Answer:
When the government has a strong say in what businesses do, two things may happen:
- businesses can become corrupt and inefficient,
- or the businesses can develop closer cooperation between them and the government that helps them become more efficient.
The later applies to Japan, but also to countries like Chile. Chilean government has signed free trade agreements with virtually every single country in the world, granting Chilean companies huge international markets.
While in the US, even now with President Trump, the government has a relatively small influence in the private sector (except for defense contractors). I believe American corporations have a larger influence on the government, than the influence the government has on them.
Answer:
False
Explanation:
Arbitrage refers to buying and selling stocks, commodities, bonds, currencies, or any other type of security. This process is carried out simultaneously, and a profit is made when the purchase price is lower than the selling price. E.g. a trader that purchases gold from a European seller and immediately sells it to an Asian buyer at a slightly higher price.
As technology advances, arbitrage has become more difficult to carry out because information is available to everyone. Before, a company could purchase a good (e.g. beef) in Texas and sell it at a higher price to a buyer in New York.
Answer:
B. Preparing a trial balance
Explanation:
A trial balance is not account, it simply represents a list of debits and credits derived from the ledgers. The list is usually generated after transactions have been taken from their source documents, posted to the journals and then transferred to the ledgers.
The trial balance will usually list the total of ledger items posted as debit or credit balances just as they are in the ledgers.
As said earlier, the trial balance is not an account, it is a self-check to ensure that there are no numerical errors in the debit and credit postings in the ledgers.
It simply ensures that the credit balances are equal to the debit balances meaning every debit entry had a corresponding credit entry confirming the use of double entry principle in ledger preparation.
The financial statements are usually prepared after the trial balance has verified the accuracy of debit and credit entries.
Answer:
The correct answer is b) The production possibilities frontier is usually bowed outward
Explanation: The production possibilities frontier can bow outward (usually), inward (sometimes), or be a straight line (rare).
When it bows outward, it is because the production capacity of a firm or a national economy is growing, and when it bows inward, it is because the economy is shrinking.
Answer:
Standard cost= $88 per unit
Explanation:
Giving the following information:
Its specifications call for 2 square yards of wool per coat. The budgeted price of wool is $44 per square yard.
To calculate the standard cost per unit, we need to multiply the total direct material quantity per unit for its unitary cost.
Standard cost= 2sq*$44= $88 per unit
