Answer:
coffee
Explanation:
A country has absolute advantage in production if it produces the same amount of goods using less resocurces or the country uses the same amount of resources to produce more quantity of goods when compared to other countries.
Latuna uses 10 resocurces to produce 1 ton of coffee while South Narnia uses 40 resocurces to produce 1 ton of coffee. Thus, latuna has absolute advantage in the production of coffee.
While South Narnia has absolute advantage in the production of wheat.
I hope my answer helps you
Answer:
the percentage of the allowance for doubtful accounts to the accounts receivable for MGM 15.92%
Explanation:
MGM accounts receivable $562,947,000
MGM Allowance for doubtful accounts $89,602,000
% of MGM allowance for doubtful accounts to the accounts receivable = Allowance for doubtful accounts / Net Accounts Receivable* 100
=$89,602,000/ $562,947,000 (*100)= 15.916= 15.92%
We can check the answer by applying the percentage to the given amount of the accounts receivable = 15.92% of $562,947,000= $ 89621,162 which is almost the same as $89,602,000. We get the slight difference in the numbers due to the rounding off as the actual percentage was 15.916
Answer:
b.(Actual Price × Actual Quantity) – (Standard Price × Actual Quantity)
Explanation:
The material price variance shows how favourable or otherwise the actual material price is compared to the standard price. Where the actual material price is higher than the standard price, it results in an unfavorable variance and when the standard price is higher than the actual price, it results in a favourable variance.
The formula for the material price variance
= (Actual price - Standard price) × Actual quantity
= (Actual price × Actual quantity) - (Standard price × Actual quantity)
Hence the right option is b.
Answer:
$78,900
Explanation:
In the gross income from the items, Joana should only put the compensation form his employer, since she didn´t sell the actions yet, she souldn´t declare that either, and the money perceived from the life insurance on her husband is tax free in all of the United States and should not be put into the gross income.
Answer and Explanation:
The journal entry is shown below:
Peter ($174,000 - ($66,000 ÷ 2)) $141,000
Chong ($162,000 - ($66,000 ÷ 2)) $129,000
To Cash $270,000
(Being the distribution should be recorded)
For this the capital accounts are debited as it reduced the stockholder equity and credited the cash as it also decreased the assets