Answer:
The correct option is B) Balance Sheet
Explanation:
A Balance Sheet offers a description of a company's obligations, assets, and investments as well as net income over a given span of time such as a period of 6 months or 12 months, for instance.
Also known as the Statement of Financial Position, it contains sufficient information for investors and business owners to determine the company's financial performance in that period as well as to compare the performance of that company with industry norms or competition.
Cheers
Answer:
The match
Explanation:
You can light both the lantern and the candle if you light the match first.
I don't know of this is a homework question, but I answered it anyway :)
a) Question Completion:
INPUT HOURS OF LABOR
Country Cookies Milk
Atlantis 2 hours 1 hour
Neverland 4 hours 1 hour
Answer:
1. Atlantis has the absolute advantage in the production of cookies.
2. No country has the absolute advantage in the production of milk.
Explanation:
Absolute advantage refers to superior production capability. It is determined when a country, for example, has the ability to produce a particular good or service at lower cost or more efficiently (i.e. with less resources) than the other country. In the scenario above, Atlantis has an absolute advantage in the production of cookies because it can produce the same quantity of cookies using 2 labor hours that Neverland can produce using 4 labor hours. But for the production of milk, Atlantis and Neverland share the same comparative advantage less they can use less labor hours to produce milk than they can produce cookies.
