If food consumption should rise by 42 units we can conclude that country X’s willingness to trade declines.
<h3>The reason why the willingness to trade would decline</h3>
The willingness to trade for this country would be on a decline given the fact that X's countyry is on a balanced growth path and the prices of their goods are unchanged in the international market.
Due to the lack of change they would not want to engage in trade again with other countries.
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Answer:
$13,290
Explanation:
Straight line depreciation expense = (book value of asset - salvage value ) / useful life
Book value of the asset = $48,300 - $17,720 = $30,580
($30,580 - $4,000) / 2 = $13,290
Answer: Cost of goods sold = $62500
Explanation:
Given that,
Sales revenue = $183,000
Ending inventory = $12,600
Beginning inventory = $15,600
purchases = $64,000
purchases discounts = $4,000
purchase returns and allowances = $1,500
freight-in = $1,000
freight-out = $500
Cost of goods sold = Beginning inventory + purchases - purchases discounts - purchase returns and allowances + freight-in - Ending inventory
= $15,600 + $64,000 - $4,000 - $1,500 + $1,000 - $12,600
= $62500
Answer: environmental scanning
Explanation: In simple words, environmental scanning refers to the process in which an organisation tries to gather maximum information by an event and interpret its relationship with the external and internal environment of the entity.
This process in usually done by the top management for estimating future that if there will be any opportunities to grab or any threats to be concerned about.
Hence from the above we can conclude that the given case depicts environmental scanning.
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