Answer:
Ha we can run our business if we have knowledge
and we have the grip on it and first we have to put interest.
Answer:
Cost of goods manufactured= $350,700
Cost of goods sold= $372,000
Explanation:
The cost of goods manufactured can be calculated as follows
= Direct materials utilized + factory supplies utilized + direct labor + depreciation on plants + property taxes on plant + work in process. January 1 - work in process December 31
= 129,400 + 27,900 + 114,900 + 63,100 + 19,100 + 13,300 -17,000
= $350,700
The cost of goods sold can be calculated as follows
= finished goods on January 1 + cost of goods manufactured - finished goods on December 31
= 69,700 + 350,700 - 48,400
= $372,000
The correct option is A. The effect of tax cut is reduction in the amount of money that the government is generating and increase in the amount of money available to those whose taxes are reduced. Government usually cut taxes in order to boost the economy through increased spending.
Answer:
2. False
Explanation:
A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.
For example, there are two bakers, Jean and Vincent. Vincent can produce either 5 cakes or 10 pizzas in 1 hour while Jean can produce either 8 cakes or 12 pizzas in one hour.
The opportunity cost for producing cake is:
Jean = 10/5 =2
Vincent = 12 / 8 = 1.5
Vincent has a lower opportunity cost when compared with Vincent in the production of cake, therefore, he has a comparative advantage.
I hope my answer helps you
