The minimum amount that you will accept today if you are to select the lump sum offer is $11,324.66.
<h3>What is the present value of the cash flows?</h3>
The minimum amount that you will accept today if you are to select the lump sum offer is known as the present value of the cash flows. Present value is the sum of discounted cash flows.
Present value = ($4000 / 1.097) + ($4500 / 1.097²) + ($5200 / 1.097³) = $11,324.66
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If the country can produce a good or service at a lower opportunity cost, it has a comparative advantage.
<h3>
What is comparative advantage?</h3>
- In an economic model, agents have a comparative advantage over others if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to the trade.
- Comparative advantage describes the economic reality of trade advantages for people, firms, or nations as a result of disparities in their factor endowments or technological progress.
- (The absolute advantage, comparing output per time (labor efficiency) or per quantity of raw material (monetary efficiency), is typically considered more intuitive but less accurate – productive trade is possible as long as the opportunity costs of manufacturing commodities vary between countries.)
Therefore, if the country can produce a good or service at a lower opportunity cost, it has a comparative advantage.
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Answer:
e. Debit Petty Cash $50 Credit Cash $ 50
Explanation:
The entry on October 01 is to reflect the increase in Petty Cash from $ 250 to $ 300. i.e the incremental effect is only $ 50. This is because for the regular replenishment that was done on September 30, the following entry would have been recorded:
Petty Cash - Debit $ 232
Cash - Credit $ 232
The entry for recording the petty cash expenses would be as follows;
Office Supplies expense debit $ 73
Merchandise Inventory debit $ 137
Miscellaneous expenses debit $ 22
Petty Cash credit $ 232
Based on the information, it can be deduced that it's an indication of the uncertainty that exists in the Vietnamese cultural model.
From the complete information, Vietnam has low points in the avoidance index. This implies that they're less associated with their cultural roots and don't have concern for hiring white people.
Some of the solutions that can be applied for training the workers include providing them with ethical and language-based training and also encourage a team culture.
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Answer:
A self-starter is a person who is motivated to set and achieve goals and takes initiative within the workplace. Self-starters are especially important in the workplace and highly sought after by employers because they can get their job done with supervision and work through issues and perform tasks on their own.
Explanation:
