Answer:
b. the low opportunity cost producer.
Explanation:
Here are the options to this question :
a. the person with the lowest wage rate.
b. the low opportunity cost producer.
c. the person with the most advanced technical knowledge.
d. the person that can accomplish the task most rapidly.
a country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Answer:
Fronke's Fashions
General Journal:
April 1:
Debit Purchases $2,310
Credit Cash Account $2,310
To record purchase of merchandise for cash.
April 2:
Debit Cash Account $218
Credit Purchases Returns $218
To record return of merchandise for cash.
April 4:
Debit Purchases $825
Debit Freight-in $46
Credit Accounts Payable (Breit Distributors) $871
To record purchase of merchandise on credit, Invoice 125, terms n/30
April 7:
Debit Accounts Payable (Breit Distributors) $58
Credit Purchases Returns $58
To record return of damaged merchandise, Credit Memo 202.
April 30:
Debit Accounts Payable (Breit Distributors) $813
Credit Cash Account $813
To record payment of amount due via Check 1458.
Explanation:
Journal entries are made to record business transactions as they occur on a daily basis. The journal is the first accounting record kept about a transaction. It shows the account that will be debited or credited in the General Ledger.
Answer:
B.
Explanation:
An uncollectible account or bad debt is an account receivable that the business cannot collect. Businesses account for bad debts by using
:
-the allowance method.
-the direct write-off method
.
The direct write-off method is primarily used by businesses with few credit customers. When it is determined that a customer is not going to pay, the uncollectible account is removed from the records.
To remove from the records, there is a credit to Accounts Receivable (asset account, increase by the debit) and a debit to Bad Debts Expense (expense account, increase by the debit).
Answer:
This cannot be solved. There isn't a number at the beginning.
Explanation:
The amount of money needed now to begin the perpetual payments is
P = A/I =15,000÷0.05=300,000
The amount that would need to have been deposited 25 years ago is
P=A÷(1+r)^t
P=300,000÷(1+0.05)^(25)
P=88,590.83
