Answer:
b. competitive advantage
Explanation:
Competitive advantage -
It refers to the method of producing same or similar goods and services , but at a very cheap price and more updated than the other products available in the market , is referred to as the competitive advantage .
The company having competitive advantage stands apart from the crowd and their products are more famous than similar products of other company .
Therefore , the company earns more profit .
Hence , from the given scenario of the question ,
The correct answer is competitive advantage .
Answer:
b. China
Explanation:
Comparative advantage is the economic situation whereby goods and services are produced by one country or company at a lower opportunity cost than other. It enables the selling of goods at a lower cost therby encouraging high margins of sales and profit.
From the scenario question, China would have the comparative advantage in producing hay than Canada. This is as a result of the population of China being high thereby leading to low cost of labour in production. This low cost would translate to cheaper selling price of Hay while increasing the production quantity of the Hay when compared to Canada.
A situation where 5000 people are working towards producing 3 bushels of hay each is far greater than a situation where 400 people are working towards producing 6 bushels of hay as obtainable in Canada.
Answer:
1.Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
Explanation:
Retained earnings is an element of the balance sheet that represents the accumulated net income and losses and the amount paid to the shareholders over the years as dividend.
Each year, the company's net income or loss from the statement of profit or loss is posted into the retained earnings account.
It is an integral part of the owners equity along with ordinary share capital.
As such, retained earnings generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
Jennifer spent $6 on a sandwich so she now has $24. Then she spent $4 on a museum ticket so she now has $20. She then spends $10 on a book so she is left with $10
Answer:
SEP IRA
Explanation:
A SEP IRA means , a Simplified Employee Pension IRA, which is easier to set up and administrate than most other pension plans.
The Simplified Employee Pension IRA allows the employer to make a deductible contribution of a maximum of 25% of an employee's income (20% effective rate), capped at $54,000 in 2017.
The Simplified Employee Pension IRA has a key advantage which is that, it allows the employer to vary the contribution percentage each year .
In this case, a smaller business should make use of Simplified Employee Pension IRA, because it is easier to set up and have other benefits that are okay for such type of business.