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Mekhanik [1.2K]
3 years ago
15

North Carolina produces sweet potatoes in its rich soil, but does not have the climate to grow oranges well. It is correct to sa

y that North Carolina has a _________sweet potato production relative to Florida. a. free trade agreement with b. trade imbalance with c. comparative advantage in d. monopoly on
Business
1 answer:
inessss [21]3 years ago
3 0

Answer:

c. comparative advantage in

Explanation:

In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.

North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.

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There's actually 7 one of which is "Blowin in the wind"
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Montana Mining Co. (MMC) paid $200 million for the right to explore and extract rare metals from land owned by the state of Mont
algol [13]

Answer:

The beginning of the extraction activities is 14.7 million.

Explanation:

Please find the detailed answer as follows:

Present Value of Cash Flows Expected From the Project/Asset Retirement Obligation at the Beginning = (.60*10 + .40*30)*PVIF(7%,3 Years) = (.60*10 + .40*30)*.81630 = 14.7 million .

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During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 bal
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Answer:

Accounts payable (opening) = $ 45000.

Account rec during year = $464570

Cash payment during year = $351570.

Explanation:

As we know that:

 Account payable (open) + Purchases - Accounts payable(end) = Paid cash

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Accounts payable (open)= 186500+59900-201400

                                       = $45000.

As we know that:

Account receivables (open) + A/c receivable during year - A/c receivable (end)=Cash collected.

   A/c receiable during period= 449600-115800+130770

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As we know that:

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4 0
3 years ago
Exercise 12-04 a-b (Video) McGill and Smyth have capital balances on January 1 of $54,000 and $48,000, respectively. The partner
dezoksy [38]

Question Continuation

Complete the schedule showing the distribution of net income, assuming net income is $54,000

Answer:

McGill takes $31,540

Smyth takes $22,460

Total: $54,000

Explanation:

Salary Allowance

McGill: $19,000

Smyth: $14,000

Total Salary Allowance = $33,000

Interest Allowance

McGill: $54,000 x 10% = $5,400

Smyth: $48,000 x 10% = $4,800

Total Interest Allowance = $5400 + $4,800 = $10,200

Total salaries and interest

McGill =$24,400 ($19,000 + $5,400)

Smyth: $18,800 ($14,000 + $4,800)

Sum = $43,200

Remaining income

McGill = $10,200 x 70% = $7,140

Smyth: $10,200 x 30% = $3,060

Total division between McGill and Smyth

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Smyth takes $22,460

Total: $54,000

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