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Rainbow [258]
3 years ago
8

Advances in wireless communication technology reduce the​ non-financial costs of long​ commutes: People who ride trains can get

work​ done, and people who drive cars have more entertainment options. Given this​ information, which of the following will be an effect on the geographic area of​ cities?
Business
1 answer:
emmainna [20.7K]3 years ago
8 0

A. The total cost of commuting from any given distance to work will reduce because the indirect cost of the commute will fall.

B. The total cost of commuting from any given distance to work will increase because the indirect cost of the commute will rise.

C. The total cost of commuting from any given distance to work will reduce because the direct cost of the train ticket will fall.

D. The total cost of commuting from any given distance to work will increase because the direct cost of the train ticket will rise

Answer:

A. The total cost of commuting from any given distance to work will reduce because the indirect cost of the commute will fall

Explanation:

Technological advances in wireless communication technology, would reduce the indirect cost of long commutes from any given distance which would cause a reduction in the total cost of commuting, as a function of the effect of geographic area of cities. Direct cost of train ticket would not be affected as the efficiency of the services that train and car riders would offer would increase, as well as the satisfaction they would also enjoy from such technological advances.

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______________ undergo extensive additional processing during their conversation into other products. The only initial processin
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Answer:

The correct answer is letter "E": Accessory equipment.

Explanation:

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<em>When it comes to shipping, pallets can be considered accessory equipment since they help organizing the products being delivered reducing costs.</em>

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5. The International Property Right Index scores countries based on the legal and political environment and how well property ri
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Answer:

I used the most recent figures of the international property rights index (year 2019), and the most recent GDP per capita estimamtes by the IMF in purchasing power parity. (year 2019)

Three countries with high scores, with GDP per capita (PPP):

  1. Finland - score of 8.712 - U$ 46.430
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  3. United States - score of 8.202 - U$ 62.606

Three countries with low scores, with GDP per capita (PPP):

  1. Ukraine - score of 4.432 - U$ 9.283
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  3. Haiti - score of 2.703 - U$ 1.864

The pattern that we find is that there is a strong correlation between the International Property Right Index scores and the GDP per capita figures. This is consistent with the findings in other similar rankings such as the Global Competitiveness Report, published by the World Economic Forum, and the Economic Freedom Index, published by the Heritage Foundation.

What can be interpreted is that property rights, and the strong enforcement of those property rights promote economic development and growth. This is because the protection of private property stimulates human action. For example, the United States has a strong judiciary, and rule of law. In this country, people can invest their money in a project with the certainty that those invesments will not be expropriated by an arbitrary judiciary. This promotes development because investing leads to higher economic output.

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A purchase order is created by the accounting department. <br> a. True <br> b. False
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Nutritional Foods reports merchandise inventory at the lower of the cost or market. Prior to releasing its financial statements
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Answer:

1. Debit Cost of goods sold  $5,000

Credit Inventory account   $5,000

Being entries to write down merchandise inventory to its realizable amount.

2. Revised partial Income statement

                                         Amount

Sales revenue                 $121,000

Cost of goods sold        <u> ($54,000 )</u>

Gross Profit                    <u>  $67,000 </u>

Explanation:

According to IAS 2 inventories, Inventory is initially be recognized at the cost of purchase (which includes the cost of the item and other associated cost such as freight)

Subsequently, inventory would be measured at the lower of cost or net realizable value.

As such, whenever the cost is higher than the net realizable value, the cost of the inventory will be written down by

Since the current replacement cost of ending merchandise inventory is $16000 and the Cost is $21000.

Amount to be written down

= $21000 - $16000

= $5,000

To adjust for this,

Debit Cost of goods sold  $5,000

Credit Inventory account   $5,000

Total amount in cost of goods sold = $49,000 + $5,000

= $54,000

Revised partial Income statement

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Sales revenue                $121,000

Cost of goods sold          $54,000

Gross Profit                      $67,000

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