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3 years ago

If the dollar buys fewer bananas in Honduras than in Guatemala, then traders could make a profit by

Business

1 answer:

Serggg [28]3 years ago

8 0

Answer:

The correct answer is C)

Explanation:

Given that the price for bananas is cheaper in Guatemala, suppliers will be driven to make a quick profit just by buying from the Guatemalan market to sell in the Honduras economy.

This, however, will cause the prices of bananas to rise in Guatemala. Because, according to the basic principles of economics, the higher the demand the higher the price.

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Nevada Company experienced the following events during its first year of operations: Acquired an additional $1,000 cash from the

Novosadov [1.4K]

Answer:

Event Classification

1. Asset Source

2. Asset Use

3. Asset Use

4. Asset Source

5. Asset Exchange

6. Not applicable (NA)

7. Asset Source

8. Asset Use

9. Asset Source

10. Asset Exchange

11. Asset Source

Explanation:

An asset is an economic resources controlled by an entity from which future economic benefits are expected.

In recording asset, business events can result in asset source,asset use and asset exchange. Asset source is the acquisition of asset, asset use is consumption of existing asset and asset exchange is the transfer of asset from one source to another.

3 0

4 years ago

Major Supply, Inc., is seeking a judgment against Les Danforth on the basis of a representation made by Dirk Coleman, in Danfort

san4es73 [151]

Answer:

C. If Major Supply gave credit in reliance upon the misrepresentation by Coleman, Danforth is a partner by estoppel.

8 0

4 years ago

O’Hare Company is in the process of preparing a purchases budget for the first quarter of Year 2. The company has budgeted sales

marusya05 [52]

Answer:

Cost of goods sold in January year 2 = 75% x $46,500 = $34,875

Cost of goods sold in February year 2 = 75% x $51,000 = $38,250

Ending inventory in December year 1 = 25% x $34,875 = $8,718.75

Ending inventory in January year 2 = 25% x $38,250 = $9,562.50

Cost of purchases in January year 2 will be:

Cost of purchases = Cost of goods sold + Closing inventory – Opening inventory

Cost of purchases = $34,875 + $9,562.50 - $8,718.75

Cost of purchases = $35,718.75

Explanation: This question relates to the computation of cost of purchases. Cost of goods sold is 75% of sales while the ending inventory is 25% of the next month's cost of sales. The ending inventory in a month is the beginning inventory of another month. For instance, the ending inventory in December year 1 becomes the beginning inventory in January year 2

3 0

3 years ago

Juarez Builders incurred $285,000 of labor costs for construction jobs completed during the month of August, of which $212,000 w

VikaD [51]

Answer:

Dr. Cr.

Work in progess 139,000

Salaries and wages payable account 139,000

Explanation:

Direct Labor are charges to work in progress account and a payble is created as a result.

Total Labor cost = $212,000

Indirect cost = $73,000

Direct labor cost = $212,000 - 73,000

Direct labor cost = $139,000

3 0

3 years ago

Read 2 more answers

U.S. plane manufacturer McDonnell-Douglas has authorized Mitsubishi Heavy Industries, a Japanese company, to use its trademarks,

Hoochie [10]

Answer:

Contract Manufactring

Explanation:

From the question, about U.S. plane manufacturer McDonnell-Douglas who has authorized Mitsubishi Heavy Industries, a Japanese company, to use its trademarks, patents, and other proprietary knowledge to manufacture F-15 fighter planes. Mitsubishi Heavy Industries pays McDonnell-Douglas. In this case, This is an example of Contract Manufacturing. Contract manufacturing can be regarded as the way of outsourcing of parts that are needed during the process of manufacturing of a particular product when relating with third party.

4 0

3 years ago