Answer:
D
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example, England produces 10 yards of clothes and 5 kg of cheese. France produces 5 yards of clothes and 10 kg of cheese.
for England,
opportunity cost of producing clothes = 5/10 = 0.5
opportunity cost of producing cheese = 10/5 = 2
for France,
opportunity cost of producing cheese = 5/10 = 0.5
opportunity cost of producing clothes = 10/5 = 2
England has a comparative advantage in the production of clothes and France has a comparative advantage in the production of cheese
There technically is no age or limit but some people say 18.
Answer:
a. The cost of products that are partially complete = 6. Work in progress inventory
b. The function of keeping activities in accordance with plans = 5. Controlling
c. Primarily concerned with internal users and reports pertain to subunits of the entity. = 1. Manangerial Accounting
d. Materials that can be physically and directly associated with manufacturing a product. = 7. Direct materials
e. The function of setting goals and objectives. Indirect costs of manufacturing a product. = 3. Planning
f. Primarily concerned with external users and reports pertain to the entity as a whole. = 2. Financial accounting
g. Costs that are noninventoriable. = 9. Period costs
h. All business processes associated with providing a product or service. = 10. Value chain
i. The function of coordinating diverse activities to produce a smooth-running operation. = 4. Directing
Explanation:
Answer: All the groups mentioned may be interested in the financial statements of the company for different interests and reasons.
Shareholders will be interested in knowing the company's performance and its market value.
Employees will be interested in the company's ability to meet its salary obligations and future employment.
The competitors will be interested in the performance of the company to know how to beat it in the market competition.
And the tax agencies must know the numbers of the company to determine the taxes to be paid.
<span>
Taxes are being criticized for being regressive. A scenario for this property
tax criticism can be stemmed from this: property tax of lower income households
being higher than those of higher income households, with respect to their
income percentage. From this, we can deduce that i</span>f the activity of being taxed is less likely to
be performed out by the rich is more likely to be achieved by the poor then,
the tax may be considered regressive.
<span>To add, regressive taxing
can be done on different scales, such as individual taxes, or the tax system as
a whole; a year, multi-year, or lifetime.</span>
