Answer:
A.China Inn will record delivery truck at $25,600
B.$ 10,800 loss is recognised
Explanation:
a.
China Inn
Delivery truck (new) $25,600
Accumulated depreciation $5,100
Loss on exchange $10,800 (Balancing figure )
Equipment (old) $33,400
Cash $8,100
China Inn will record delivery truck at $25,600
b.
$ 10,800 loss is recognised
By definition, opportunity cost is the cost of the next alternative that you gave up because you choose another one. In this case, there are two alternatives: the closer gas station and the farther gas station. Because you chose the cheaper but farther gas station, then the opportunity cost is $2.50 for the closer gas station.
Answer:
The accounts receivables turnover is 4.85 times
Explanation:
The accounts receivable turnover is a ratio to check the efficiency of the credit and collection department of a firm. It tells on average, how many time the business collects its average accounts receivables. The formula to calculate the accounts receivables turnover is,
Accounts Receivables turnover = Net Sales / Average Accounts receivables
Where,
Average Accounts Receivables = (Opening Accounts Receivables + Closing Accounts Receivables) / 2
The amount of closing accounts receivables for the year is,
Closing accounts receivables = 23500 + 199000 - 164000
Closing accounts receivables = $58500
Average accounts receivables = (23500 + 58500) / 2 = $41000
Accounts receivables turnover = 199000 / 41000 = 4.85 times
When a firm invests directly in a business or venture in another country, it is called FDI.
A form of private equity financing known as venture capital (VC) is given by venture capital funds or organizations to startups, early-stage, and developing businesses that have been identified as having a high growth potential or that have already shown a high growth rate (in terms of number of employees, annual revenue, scale of operations, etc). These early-stage businesses are funded by venture capital firms or funds in exchange for equity, or ownership stakes.
In the hopes that some of the businesses they support will succeed, venture capitalists take on the risk of financing hazardous start-ups. Startups face a lot of uncertainty, and VC investments frequently fail.
Learn more about venture here:
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Answer:
Unrestricted international trade generally increases the overall prosperity of poor countries.
Explanation:
According to my research on free trade agreements, I can say that based on the information provided within the question usually free trade or Unrestricted international trade generally increases the overall prosperity of poor countries. This is because it removes import and export barriers and allows for new markets to develop and an inflow of cash to come into the country. This is why free trade agreements were created even though it sometimes has an opposite effect like bad working conditions, job loss, and economic decline for some countries but these are very situational effects.
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