Answer:
D) The normal balance of an expense account is a credit.
Explanation:
We know that
The debit sections report assets and expenses side while sales, stockholder equity, and the liability side are reported in the credit section.
So as per the given options, the incorrect answer is D as expense account has a debit balance but the question it is given that the expense account has a credit balance that is totally wrong.
Answer:
Mark has the absolute advantage in the production of bats.
Mark has the comparative advantage in the production of bats
Explanation:
The absolute advantage is a principle in which a party is able to produce a good more efficiently than the others. In this situation, Mark can produce 40 bats while Katie can produce 30 bats which indicates that Mark can produce them more efficiently having an absolute advantage in the production of bats.
The comparative advantage is a principle in which a party has the ability to produce a good at a lower opportunity cost than others. In this situation:
Baseballs Bats
Mark 50 40
Katie 60 30
The opportunity cost for Mark of producing 1 bat is producing 1.25 baseballs and the opportunity cost for Katie of producing 1 bat is producing 2 baseballs. This means that Mark has a lower opportunity cost and the comparative advantage in the production of bats.
It is the Asia-Pacific Economic Cooperation Agreement. It is a gathering for 21 Pacific Rim part economies that advance unhindered commerce all through the Asia-Pacific locale. It was built up in 1989 in light of the developing association of Asia-Pacific economies and the coming of provincial exchange alliances in different parts of the world.
Slow down and adjust your tempo to that of your prospect's. Simplify all the details. This approach is often referred as "Mirroring", which can lead to a sales prospect's positive result comfortably.
A) both the retained earnings statement and the income statement.