When a country has a strong currency, generally its export decreases - this is the answer to the first question.
Imagine, a tone of rice costs 100 dollars, that is 100 pounds. With a strong dollar, it's 120 pounds now - the British will be able to afford less of US rice now!
About the second question - I think that if neither has an absolute advantage, this also likely means that neither has more natural resources.
now, country A exports milk to country B, which means that it's cheaper to produce milk in the country A. Therefore, the answer "<span>The opportunity cost of producing milk is lower for Country A" is correct.</span>
Answer:
26 Miles
Explanation:
As per IRS,
Commuting is a personal nature of expense, which is not allowable as deduction.
The following things are not deductible for Greg:
(i) Distance traveled from office to home and home office is not deductible.
(ii) At the end of day, 7 miles distance traveled towards home from Martin's dry cleaning is not deductible.
Deductible includes the miles traveled to the business sites from the office for Greg.
Therefore,
Deductible transportation miles:
= Distance traveled from office to smith's house + Distance traveled from smith's house to martin's dry cleaning
= 5 miles + 21 miles
= 26 Miles
Answer:
Total equivalent units= 16,800
Explanation:
Giving the following information:
Beginning inventory= 1,100 units 80% complete
Units produced= 10,500 units
Ending WIP= 10,500 60% complete
<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>
Beginning inventory= 0
Units completed in the period= 100%
Ending inventory WIP= units*completion
<u>In this exercise:</u>
Beginning inventory= 0
Units completed in the period= 10,500
Ending inventory WIP= 10,500*0.6
Total equivalent units= 16,800
Answer:yes
Explanation:If you arent sure whether you are to attend the appointment the next day, you should call and confirm with whom ever you are being appointed to.
Answer: All business cannot be insured, some business that involved gambling ,speculation loss of profit through competition and through fall in demand cannot be insured
Explanation:
Insurance is a pool of risk, it is a wise choice made by a business organizations against unforeseen circumstances. The business is said to be full of risk, having said that not all the risk of business can be insured. The following risk cannot be insured
Gambling : This is a game of chance in which the winner takes all, based on these it is difficult for insurance company to properly calculate the premium in which losses incurred on gambling business can be based.
Speculation : This is the business which involved buying and selling of shares with the hope of making huge profit when the price is higher. Such a business has a high chance of risk which cannot be correctly calculated which made such business difficult to insure.
Loss of profit through competition : Competition in business is inevitable but insurance company cannot insure loss of profit through competition because business can rely on this to involved in careless competition in a bid to make profit.
Loss of profit through fall in demand : The demand in the goods and services produced by a business may fall due to certain factors. Insurance do not insure loss of profit through fall in demand due to the fact that it is difficult to calculate the premium that the business will pay to the insurance company to insure such loss of profit through fall in demand.
