Answer: B. Jean
Explanation:
Having Absolute Advantage in the production of a good means that you can produce more of that good given the same resources or at least the same Quantity as others given lower resources.
From the scenario above therefore, Jean has the Absolute Advantage in producing Cakes as Jean can bake 12 cakes in an hour while Vincent can only bake 10.
Answer:
$99,800
Explanation:
The statements of cash flows show cash inflows and out flows from the business activities which are recognized as operating, investing and financing activities.
When an asset is sold, the amount received from the sale of the asset is recognized as an inflow in the investing section of the cash flow statement.
The gain/loss from the sale would have been treated in the operating section based on the effect it had in the income statement while computing the net income of the company.
Answer:
$671,300
Explanation:
The calculation of adjusted basis in the building is shown below:-
Adjusted basis = Original cost of the property + Cost of capital improvements - Depreciation claimed
= $750,000 + $50,000 - $128,700
= $800,000 - $128,700
= $671,300
Therefore for computing the adjusted basis we simply add original cost of the property with cost of capital improvements and deduct depreciation claimed.
I guess the correct answer is the color of the decorations in the room
A group of researchers wanted to determine if people will eat more food in a room with red paint and red decorations than in a room that is decorated blue. Half the participants in this study ate in a red room and half ate in a blue room. The researchers then measured how much food was consumed in each of the two rooms. In this study, the independent variable was the color of the decorations in the room.
