Eloise, an engineer for an oil company, is interested in working overseas at this stage of her life because she knows that foreign work experience demonstrates independence, resourcefulness, and entrepreneurship to potential employers.
<u>Explanation:</u>
The work experience in foreign demonstrates the skills that includes, confidence, independence, Adventure sense, Sense of ambitions, adaptability and open minded nature. Working at overseas helps in increasing the confidence. It also improves the sense of being adventurous and make the individual more independent.
When the independent nature of an individual gets enhanced, he or she will develop a sense of being an entrepreneur. There will be a lot of resources inside the mind of an individual with which he or she can start a own business.
Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another
Answer: Please refer to Explanation
Explanation:
We shall do the accounting entries as follows,
Purchase of the stock
January 2
DR Investment in Fain Stock $600,000
CR Cash $600,000
The share of Fain income
December 31
DR Investment in Fain Stock $56,000
CR Revenue from Investment (40% * $140,000 income) $56,000
The dividends received from Fain Company.
December 31
DR Cash (40% * $50,000 dividend payout) $20,000
CR Investment in Fain Stock $20,000
If you need any clarification do comment.
Cheers.
Answer:
b is the answer it should be
Answer:
1. Dr Cash 10000
Cr Common stock 10000
2. Dr equipment 12000
Cr Cash 4000
Cr Accounts payable 8000
3. Dr Accounts payable 2400
Cr Cash 2400
4.a) Dr Retained Earning 500
Cr Dividend payable 500
b) Dividend payable 500
Cash 500
Explanation:
b.
Cash Common Stock
_Dr_______ Cr_____ Dr______________Cr_____
10000 --- 4000 --- 10000
--- 2400
--- 500
Equipment Accounts payable
Dr____________Cr____ _Dr_______________Cr______
12000 --- 2400 ---- 8000
Retained Earning Dividend Payable
Dr______________Cr_______ Dr__________________Cr___
500 ---- 500 -- 500
Trial Balance
Cash 3100 - 10000 Common Stock
Equipment 12000 - Dividend payable
- 5600 Account payable
Retained earning 500 -
Total 15600 = 15600 Total