Answer:
Texia; Texia
Explanation:
A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Texia can produce 1000 units of food while Urbania can produce 500 units of food . Texia produces more food
Texia can produce 500 units of clothing while Urbania can produce 200 units of clothing. Texia produces more clothing
Texia has an absolute advantage in both activities
Answer:
The correct answer is option c.
Explanation:
With an increase in the taxes the equilibrium income will decline by the amount of tax multiplier into the change in tax rates.
The tax multiplier is a measure to show the change in aggregate production due to change in tax rates.
It is calculated by the ratio of marginal propensity to consume and marginal propensity to save or 1-MPS.
Inexperienced employees may include consigned goods as inventory resulting in an overstatement of assets.
<h3>What is
inventory ?</h3>
Inventory, also known as stock, refers to the goods and materials that a company keeps for the purpose of resale, production, or use. Inventory management is primarily concerned with specifying the shape and placement of stocked goods.
There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).
Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).
In accounting, inventory is classified as a 'current asset' that a company or business keeps for less than a year. Expenses, accounts receivable, and insurance plans are also examples of current assets.
To know more about inventory follow the link:
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Answer:
Cash at the end of June 22000
Explanation:
Invested 85000
Purchase Building -43000
Inventory -24000
Services 15000
Purchase supplies -7000
Utilities -4000
Cash at the end of June 22000
I believe the correct answer from the choices listed above is the second option. Items used to produce other goods and services are called capital goods. They <span>are tangible assets such as buildings, machinery, equipment, vehicles and tools that an organization uses to produce </span>goods<span> or services.</span>
