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andre [41]
3 years ago
15

The existence of trade for country that has developed an expertise or reputation for quantity in the production of a particular

good is best explained by
Business
1 answer:
4vir4ik [10]3 years ago
5 0

The existence of trade for country that has developed an expertise or reputation for quantity in the production of a particular good is best explained by <u>"acquired comparative advantage".</u>


A few business analysts make a distinction among natural and acquired comparative advantages. A natural comparative advantage exists inside a nation that has regular assets that are required to create an item, while a procured near favorable position is the favorable position picked up by an individual or a nation by investing a great deal of energy or assets delivering an item. For example, Saudi Arabia has a a natural comparative advantage with its tremendous stores of oil. (Saudi Arabia additionally has an outright favorable position in oil, since the expense of its extraction is not exactly somewhere else.) Since Saudi Arabia has couple of different assets, without exchange, it would be amazingly poor; in view of exchange, it is to a great degree affluent. Japan, then again, has couple of normal assets, yet it has an acquired comparative advantage in its assembling and business know-how, which it has created throughout the years.

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if a trial balance totals do not agree, the difference must be entered in a. nominal account b. the profit and loss account C. t
Lena [83]

Answer:

d. the suspense account​

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

In Financial accounting, if a trial balance totals do not agree, the difference must be entered in the suspense account​

8 0
2 years ago
Pension Plan Entries Yuri Co. operates a chain of gift shops. The company maintains a defined contribution pension plan for its
Andrej [43]

Answer:

December 31

Dr Pension expense $182,100

Cr Unfunded pension Liabiltiy $182,100

January 15

Dr Unfunded pension Liabiltiy $182,100

Cr Cash $182,100

Explanation:

Preparation of the entry to record the accrued pension liability payment to the funding agent on January 15

December 31

Dr Pension expense $182,100

Cr Unfunded pension Liabiltiy $182,100

(Being to record quarterly pension Liabiltiy)

January 15

Dr Unfunded pension Liabiltiy $182,100

Cr Cash $182,100

( Being to record the accrued pension liability payment to the funding agent)

5 0
2 years ago
The rent for a one-bedroom apartment in Southern California follows the normal distribution with a mean of $2,200 per month and
andriy [413]

Answer:

The probability is 1.

Explanation:

Despite that the he distribution is positively skewed, the distribution of sample means of one-bedroom apartments  will still be a a normal distribution based on Central Limit Theorem.

Since we have

μ = mean = 2200

SD = standard deviation  = 250

n = sample size = 50

Therefore,

Standard error = SD ÷ √n

                        = 250 ÷ √50

                        = 250 ÷ 7.07106781186548

                        = 35.3553390593274  approximately 35.36

Standardize xbar to z = (xbar - μ) ÷ (SD ÷ √n)

Therefore, we have:

P(xbar > 1,950) = P(z > (1,950 - 2200) ÷ 35.36)

                        = P(z > - 250 ÷ 35.36)                      

                        = P(z > -7.07) = 1

Therefore, the probability of selecting a sample of 50 one bedroom apartments is 1 which can be said to be certain.

5 0
3 years ago
The Water Sports Company soon will be producing and marketing a new model line of motor boats. The production manager, Michael J
Licemer1 [7]

Answer:

Explanation:

X - number of units sold

Total cost for production = 1,500,000 + 1600X

Total cost for purchasing = 2000X

a.  For 4000 units sold

Total cost for production = 1,500,000 + 1600 * 4000 = $7,900,000

Total cost for purchasing = 2000* 4000 =  $8,000,000

In this case producing is cheaper. Therefore, it is better to produce

b. Y - break-even point

Then :  1,500,000 + 1600 * Y = 2000* Y

So 1,500,000 = 400 Y

Y = 3750

At №of units less than 3750 purchasing will be the better option

And above 3750 producing will be the better option

4 0
3 years ago
What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and
valentinak56 [21]

Answer:

Present Value = $9,417.69  (Approx)

Explanation:

Given:

Annual payment = $1,400

Total payments = 25

Rate = 8% = 0.08

Computation:

First payment [7 years from now ]

So,

Present Value = $1,400(1/1.08⁶)[1 - (1/1.08)²⁵] / 0.08

Present Value = $1,400[6.72692]

Present Value = $9,417.69  (Approx)

5 0
2 years ago
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