Most trade is due to the comparative advantage of an organization's ability to produce a good or service with lower marginal cost and opportunity cost.
As an example, we can cite trade between Africa and the United States, where Africa markets agricultural products such as corn and citrus to the US, and the US markets technological products such as computers to Africa.
Therefore, companies will use comparative advantage to acquire goods and services at lower prices than other competitors.
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B. Tell your boss they are great
Hello, yes it's actually common for people to give up their home to avoid further payment only if their lender agrees and allows that to happen. But of course, the remaining balance (the difference of the house value and what's left of the mortgage) must be paid. Walking away from an underwater mortgage can seriously affect that person's financial future and by extent his/her relationship with the community. His/Her credit score will go down with this, it may be difficult for him/her to qualify for another mortgage in the future. Another reason is that - in most states, it is completely legal for lenders to go after the difference (deficiency) because technically they own that and have rights to it.
Answer:
A joint venture
Explanation:
A joint venture is a type of business arrangement where two or more parties agree to bring together their resources for the achievement of a common goal. It is a strategic partnership which is formed on shared objectives.
Because these two firms have agreed to combine their research and development capabilities to make a special, limited edition computer game, they have agreed to form a joint venture.
Answer:
a. $14,000 and $14,000
b. $17,000 loss
Explanation:
a. The computation of the depreciation expense using the straight line method is shown below:
Straight-line method:
= (Acquired value of the truck - residual value) ÷ (useful life)
= (79,000 - $7,000) ÷ (5 years)
= ($70,000) ÷ (5 years)
= $14,000
In this method, the depreciation is same for all the remaining useful life
So for year 1 and year 2 the same amount of depreciation is to be charged
b. Now for computing the gain or loss first we have to determine the book value which is shown below:
For two years, the depreciation would be
= $14,000 × 2 years
= $28,000
Now the book value would be
= Acquired value of an asset - accumulated depreciation
= $79,000 - $28,000
= $51,000
So, the loss would be
= Book value - sale value
= $51,000 - $34,000
= $17,000
