Answer:
<em>The economy with the lowest opportunity cost of producing a particular good is said to </em><em>have </em><em><u>a comparative </u></em><em><u>advantage</u></em>
<em>What </em><em>is </em><em>comparative</em><em> </em><em>advantage</em><em>?</em><em> </em>
<em>comparative advantage </em><em>refers to the ability to produce goods and services at a lower opportunity COST, not necessarily at a greater volume.</em>
<em>The </em><em>concept</em><em> </em><em>of </em><em>comparative</em><em> </em><em>advantage</em><em> </em><em>is </em><em>based</em><em> </em><em>up</em><em>o</em><em>n:</em><em> </em><em>relatively</em><em> </em><em>opportunity</em><em> cost</em>
Answer:
You should "Debit" one account in your general ledger and "Credit" another.
Explanation:
Example - you receive an invoice from your vendor for $100,000 (assuming non-VAT transaction). Your journal entry would look the following:
Debit: Expense $100,000
Credit: Accounts Payable $100,000
Answer:
Activity expected duration = 2.333
Explanation:
Given:
Optimistic (a) = 1
Most likely (m) = 2
Pessimistic (b) = 5
Activity’s expected duration = ?
Computation of Activity expected duration:
Activity expected duration = [1 + 4(2) + 5] / 6
Activity expected duration = [1 + 8 + 5] / 6
Activity expected duration = [14] / 6
Activity expected duration = 2.333
Answer:
D Select the cost allocation bases.
Explanation:
An allocation base OR cost allocation based is the foundation on which Cost accounting apportions the overhead costs. An allocation base can come inform of a quantity, such as the used machine hours, the consumed electricity kilowatt hours (kWh), or the square footage that is being occupied.
the ABC implementation step in order will be to select the cost allocation bases.