Answer: Option A
Explanation: The given case relates to the problem of dissolution of partnership and not the dissolution of firm.
In case of dissolution of partnership only the existing agreement among the partners ceases to exist due to leaving or joining of new partners and a new agreement takes place among the existing partners.
In such a case, the account balance of the partner remains same. It changes in case of dissolution of firm.
Hence the correct option is A.
Answer:
21,200 units
Explanation:
For determining the sales, first we have to compute the net operating income difference which is shown below:
= Net operating income under absorption costing - Net operating income under variable costing
= $89,000 - $74,600
= $14,400
Now the inventory units increased by
= $14,400 ÷ 12 per unit
= 1,200 units
And, the production units are 22,400
So, the sales would be
= 22,400 units - 1,200 units
= 21,200 units
This is the answer and the same is not provided in the given options
Answer:
They will be less likely to rent an apartment and more likely to own a home. A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve shifts to the left.
For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. ... When nominal income increases without any change to prices, this means consumers can purchase more goods at the same price, and for most goods, consumers will demand more.
Explanation:
Answer:
C.
Explanation:
Because there is more demand with this good, the current price projects how the sellers are reacting to the market. If there is a shortage of goods being supplied to a market then this means that the sellers price is too high because more people (who arent willing to pay for it for so much) are wanting the product.
Answer:
its cost is least in terms of alternative goods that might otherwise be produced
Explanation:
Comparative Advantage
This is simply explained as when an individual has an opportunity cost of performing a task is lower than the other individuals opportunity cost that is it is more efficient. It is the usual fundamental basis for international trade. Its principle includes production at a maximum peak to be achieved if each individual focus on the job or activities for which his or her opportunity cost is lowest.
Opportunity Cost
This is simply known as the highest valued of an alternative that must be given up so as to be involved or engage in an activity/job or task. There are several sources of a comparative advantage. They includes;
1. Climate and natural resources
2. Relative abundance of labor and capital
3. Technology
4. External economies etc.
