T-shirts sell for $2 and shorts sell for $4. in april, total sales were $600. how many shorts did dots sell in april?
1 answer:
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Answer:
Heavenly Realty Journal entries can be found in the attached file
Explanation:
Dr Bank with $25,000
Cr. Capital Stock with $25,000
(being Faith Schultz transferred cash in exchange for Capital stock)
Dr. Rental of Office & equipment with $4,510
Cr. Bank with $4,510
(Being Rental costs for Office and Equipment)
Dr. Supplies with $1,330
Cr. Accounts Payable with $1,330
(Being cost of purchased supplies)
Dr. Supplies Expense with $740
Cr. Supplies with $740
(Being cost of supplies used)
Dr Accounts Payable with $490
Cr. Bank with $490
(being payment to Creditors)
Dr. Cash with $20,500
Cr. Sales commission with $20,500
(Being Sales Commission received)
Dr. Automobile Expense with $1,250
Dr. Miscellaneous Expense with $840
Cr. Bank with $2,090
(being payment for automobile expense, rental charges & Miscellaneous expense)
Dr Office Salaries with $2,620
Cr. Bank with $2,620
(Being Payment for Office Salaries)
Dr Dividend with $1,210
Cr Bank with $1,210
(Being payment of Dividend)
Answer:
other countries have a comparative advantage over Guatemala in the production of coffee, and Guatemala will import coffee.
Explanation:
This question is incomplete. Please check the attached image for a complete question.
A country has comparative advantage in the production of a good or service If it produces the good or service at a lower opportunity cost when compared to its trading partners.
The price of Guatemala's coffee is higher when compared to the world price of coffee without international trade. It shows that Guatemala doesn't have a comparative advantage in the production of coffee. Guatemala should stop producing coffee and import instead. This would enable Guatemala focus more resocurces on the production of good for which it has comparative advantage.
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