Answer:
B) Country A uses fewer resources to produce corn than Country B does.
Explanation:
An absolute advantage is a situation where a country or a company can produce some goods and services using fewer inputs compared to competitors. The company can produce more quantity of using the same amount of inputs than others. A country with an absolute advantage will manufacture a product at a lower cost than other countries or companies.
Absolute advantage enables companies and countries to gain from trade. Through specialization, a company will focus on what it can produce at a lower cost than others, and sell it. Country A has an absolute advantage if it can produce corn at a lower cost than country B.
Answer: $74,000
Explanation:
The Average Investment refers to the average cash invested into a particular project and is useful in calculating the rate of return. The simple formula is to add the beginning value of the asset to its ending value and divide this by 2.
The ending value in this case would be the salvage value;
Average Investment = 
= 
= $74,000
Answer:
The correct answer is letter "C": The Business Judgment Rule.
Explanation:
The Business Judgment Rule is a law that protects a company's Board of Directors (BoD) from inconsistent allegations from shareholders stating that the BoD is acting against the stakeholders' interest. The law presumes that members of the BoD act in "<em>good faith</em>" and that they do not always make the best decisions.
The Business Judgment Rule helps managers, in such a way, to avoid laws where there is no substantial proof that they had intentions to go against the investors' will.
Answer:
$3,500
Explanation:
Calculation to determine What will be the balance in accounts receivable at the end of June
Balance in accounts receivable =June Forecasted sales* (Remaining percentage-Percentage collected)
Let Plug in the formula
Balance in accounts receivable =$5,000*(100%-30%)
Balance in accounts receivable=$5,000*70%
Balance in accounts receivable=$3,500
Therefore the balance in accounts receivable at the end of June will be $3,500
Answer:
$25,778
Explanation:
During the first year, $4,800 were deposited. Using the future value of an investment formula, after one year, this amount becomes:
X = 4,800 (1+0.09)
= 5,232
Now, they add $6,600 to that amount. Now we have a total of:
6,600 + 5,232 = 11,832
During year two, the amount above becomes:
X = 11,832 (1+0.09)
= 12,897
And at the end of year two, $8,800 are added. Now we have a total of:
12,897 + 8,800 = 21,697
During years three and four, that amount finally becomes:
X = 21,697 (1+0.09)^2
= 25.778
Thus, after four years, the Jenkisn Family Fun Center will have $25,778 to buy the equipment.
