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Alenkasestr [34]
3 years ago
5

When mik has an absolute advantage in the production of two goods over tommy, mik?

Business
1 answer:
Vesna [10]3 years ago
6 0
When milk has an absolute advantage in the production of two goods over Tommy, Milk IS MORE PRODUCTIVE IN PRODUCING BOTH GOODS THAN TOMMY.
A country or an individual is said to have absolute advantage in producing a good if the person can produce the good more efficiently economic wise.
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Which is the correct order of the following steps in the accounting cycle? Prepare financial statements, journalize and post adj
murzikaleks [220]

Answer:

Explanation:

Prepare a post-closing trial balance.Step 9

Prepare an adjusted trial balance.Step 6

Analyze business transactions.Step 1

Prepare a trial balance.Step 4

Journalize the transactions.Step 2

Journalize and post closing entries.Step 8

Prepare financial statements.Step 7

Journalize and post adjusting entries.Step 5

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3 0
3 years ago
Stephanie Archer has been saving her money to buy a BMW convertible. Archer has spent hours on the BMW Web site choosing the ext
valentinak56 [21]

Archer has been using BMW's marketing Web site. This is a <u>true</u> statement.

<u>Explanation</u>:

A website is a collection of web pages that provides content related to the search. Many businesses have separate website for featuring and selling their product.

In the above scenario, Stephanie was surfing marketing website of the BMW Company. She wishes to purchase a BMW convertible car. So she was saving money to purchase it. Stephanie spent many hours on the BMW website to study about the various options and models available in the car. She was also choosing the interior and exterior colors of the car.

6 0
3 years ago
A study has been conducted to determine if one of the departments in MSU Company should be discontinued. The contribution margin
SOVA2 [1]

Answer:

c. decrease by $10,000 per year.

Explanation:

The contributing margin of a business is sales revenue less the variable cost to produce the product

Contributing margin refers to the profit that is free to be used by the business to pay fixed costs and reserve as net profit.

In this scenario if the department is discounted the fixed expense will reduce by $40,000

This implies that the net income will increase by $40,000 if the department is discontinued.

If the department is discontinued income from the department will reduce by $50,000. That is -$50,000

Net income= -50,000 + 40,000= -$10,000

4 0
3 years ago
Margot is giving a persuasive speech in her health class. Her topic is obesity in kids. Her first main point is, "Childhood obes
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Answer: Problem-Solution

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Margot starts from talking about child obesity and how this can be resolved.

5 0
3 years ago
Darian expects to get 7,500 in grants each year. What is the minimum amount he should expect to contribute for four years at the
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The answer is B. $91,500.
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3 years ago
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