Answer:
Indicate whether each of the following statements is true or false. Statement True False
1. True
2. False, the gains from specialization and trade are based on comparative advantages.
3. False, sometimes countries need to trade or are forced to trade, and that doesn't always result in both benefiting from trade or everyone in the country benefiting from trade.
4. True, as long as they have different opportunity costs in the production of some goods.
5. False, workers that are employed in importing companies will favor trade since their whole business is based on trade.
Explanation:
<u>Answer:</u>Option<u> </u>$29,400
<u>Explanation:</u>
The credit items that will be shown on the trial balance are as follows
Accounts payable 2800
Notes Payable 4200
Denton Capital 1400
Revenues 21000
Total Credits in 29400
trial balance
In a trial balance the total debit and credit items should balance. Trial balance has all the items that are posted in the general ledger account. It is a book keeping work sheet that contains the balance of all ledgers. At end of reporting time trial balance is prepared by the company.
League of legends
corssfire
Answer:
a stock crash
Explanation:
Speculation refers to trading high risk securities in an attempt to earn higher than normal returns. Speculators use stock market fluctuations to purchase and sell risky securities, and when it is aired with buying on the margin the risk increases by the margin amount. Speculators profit from abrupt changes in security prices, and sometimes will artificially increase the price of securities (i.e. a stock market bubble).
Consumer confidence is vital for an economy's health and when it falls, the first place that takes notice of it is the stock market. A decrease in consumer confidence means less private consumption which inevitably results in an economic recession.
When both factors meet, over speculation and a decrease in consumer confidence, the result is the bursting of the stock market bubble and a sharp decrease in prices.
Answer:
$7,750
Explanation:
The computation of the net income for the first year is shown below:
but before that following calculations needed
The Cost of production is
= Direct material + Direct labor + Manufacturing overhead
= $11,625 + $11,000 + $10,000
= $32,625
The Unit product cost is
= $32,625 ÷ 7,250 units
= $4.50 per unit
Now
Cost of goods sold = Number of units sold × cost per unit
= 4,500 units × $4.50
= $20,250
And, finally
Net Income = Sales revenue - COGS - general, selling, and administrative expenses
= (4,500 units × $7) - $20,250 - $3,500
= $7,750
