Answer:
$69,000
Explanation:
Percentage of shares owned by ABC in Teal's company = 30%
This is an example of equity method investment , and a portion of the attributable income at the end of the year is earned and added to the initial stock.
Attributable income is the remaining income after dividends have been settled.
<u>Workings</u>
The opening carrying value of the shares on ABC balance sheet = 60,000
Profit made at the end of the period = 40,000
Dividends paid = 10,000
Attributable income to share holders = 40000-10000 = 30,000
ABC portion of attributable profit = 30000*30% = 9,000
Carrying value at the end of the year = opening carrying value + portion of the attributable profit
=60000+9000=69000
As seen in the chart B has the comparative advantage in coal because 1/3 > 1/5 It means they are better at producing coal than the U.S.Have in mind examples like:
U.S.
1 barrel of oil = 4 hrs
1 ton of coal = 5 hrs
B
1 barrel of oil = 7 hrs
1 ton of coal = 3 hrs
After seeing this we can say that the country which has more availability has a comparative advantage over other countries.
Hope this helps
The answer is c. 10-20 seconds
Answer:
Gavin is allowed to revoke if he finds Rod's efforts half-hearted
Explanation:
given data
Gavin pay for paint his house = $400
solution
as given Gavin pay Rod for paint his house at $400 but Gavin want to revoke the offer so Either he accepts, or he does not accept the offer.
If he starts to paint the offer, and Gavin doesn't like his work, the offer may be canceled.
so scenario is Gavin is allowed to revoke if he finds Rod's efforts half-hearted
