<span>Originally, I thought I would consider Todd to be my agent. After finding out that Todd did not inform me concerning his ownership of the two condos, I don't believe I would be comfortable with him. While his ownership may not change anything, I just was uncomfortable with the fact that he didn't tell me.</span>
Answer:
Planning budget=$6,956
Explanation:
<em>The planning budget is that which is based on the expected level of activity. It is the original budget used for planning purpose</em> .
The planning budget for Picozzi would based on the planned activity level of 16 snow-day
The operation cost formula = 2,060 + $306 per snow-day
Planning budget = 2,060 + (306×16)=$6,956
Planning budget=$6,956
Answer:
6.97%
Explanation:
the formula to be used is
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$4,100.00 = $3,350.00 x ( 1 + r)^3
divide both sides of the equation by $3,350.00
$4,100.00 / $3,350.00 = ( 1 + r)^3
1.223881 = ( 1 + r)^3
find the cube root of both sides
1.069661 = 1 + r
r = 6.97%
Answer: D. Both countries
Explanation:
The options include:
A. neither country
B. the country with lower production costs
C. the country with higher production costs
D. both countries
Comparative advantage occurs when a particular country produces a certain goods based on the fact that it has a lower opportunity cost of its production when compared to the other country. This typically occurs in international trade.
Comparative advantage is beneficial to both countries that are involved as the countries purchase the goods that it doesn't have a comparative advantage in from the other country.
