Answer: All of these are correct
Explanation:
South Korea
Opportunity cost of Computer chips = 50/100 = 0.2 bed linens
Opportunity cost of bed linens = 100/50 = 2 computer chips
USA
Opportunity cost of Computer chips = 100/150 = 0.67 bed linens
Opportunity cost of bed linens = 150/100 = 1.5 computer chips
Country with Comparative advantage in the production of a good is one that incurs the lower opportunity cost.
Country with Absolute advantage is county that produces the most quantity of a good or service.
Therefore;
<em>US has Absolute advantage in both Computer chips and Bed linens. </em>
<em>South Korea has comparative advantage in Computer chips. </em>
<em>US has comparative advantage in bed linen manufacturing. </em>
They can lead to unethical behavior.
Answer:
d. Maintenance costs during the first 30 days of use
Explanation:
The acquisition costs of property, plant, and equipment includes all the cost necessary to make the item of property, plant, and equipment available for use.
In other words, these cost includes the ordinary and necessary costs to bring the asset to its desired condition and location for use.
This cost therefore includes net invoice price, legal fees, delivery charges, installation, and any applicable sales tax.
The right option is d. Maintenance costs during the first 30 days of use.
Answer:
Creative originator.
Explanation:
Tim is neither a project manager, because his web page was a personal project, and no other people were involved under his command, and his is not a godfather either.
He would be an entrepreneur if he had sold his web pages.
For the reasons above he is a creative originator: he essentially gave birth to a new work activity.
Answer:
A January 1, 2020
Dr Cash $54,600
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
Cr Common stock $26,000
Cr Paid in capital in excess of Par $27,820
Explanation:
Preparation of the entry for Stonewall Corporation
A January 1, 2020
Dr Cash $54,600
($52,000+$2,600)
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
(5%*$52,000)
(To record issue of bonds for premium)
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
(100%-30%*$2,600)
Cr Common stock $26,000
(52*10*50)
Cr Paid in capital in excess of Par $27,820
($52,000+$1,820-$26,000)
(To record conversion of bonds into Common Stock)
