False due to the costing methods LIFO (last in first out), LILO ( last in last out), weighted average all yield the same amount
If two men are producing the same good, but one of them is producing more, with the same constraints, then he has an absolute advantage.
<h3>What is Absolute Advantage?</h3>
This refers to the economic principle which means that one particular entity is able to manufacture a greater quantity of goods in a more efficient manner than their competitors.
Please note that your question is incomplete so I gave you a general description to help you better understand the concept.
Some of the factors that can affect absolute advantage are:
- Cheaper materials
- Less time used to produce the good
- Cheaper labor, etc
Read more about absolute advantage here:
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Answer:
a. Project A
Explanation:
The computation of the expected return is shown below:
For Project A
= (0.6 × $200,000 + 0.4 × $50,000)
= $120,000 + $20,000
= $140,000
For Project B
= (0.7 × $150,000 + 0.3 × $30,000)
= ($105,000 + $9,000)
= $114,000
Since in the Project A, the value doubles means = $100,000 × 2
And, if the succeeding percentage is 0.6 then its failing percentage is 0.4
So as we that the project A has an high expected return than the Project B so the Project A should be invested
Answer:
20%
Explanation:
The computation of rate of return on the fund is shown below:-
Net assets value at the beginning = Total assets ÷ Number of shares
= $390 million ÷ 15 million
= $26 million
Net assets value at the end of the year = (Total assets - Expenses) ÷ Number of shares
= ($440 million - ($440 million × 2%)) ÷ 16 million
= ($440 million - $8.8 million) ÷ 16 million
= $26.95 million
Now,
Rate of return = (Net assets value at the end of the year - Net assets value at the end of the year + Income distribution + Capital gain distribution) ÷ Net assets value at the beginning
= ($26.95 million - $26 million + $4 per share + $0.25 per share) ÷ $26 million
= $5.2 million ÷ $26 million
= 20%