"Economies of scale can be achieved by international expansion because a company can lower its average unit cost, better utilize its production facilities, and increase its bargaining power with suppliers."
An economy includes all activities involved in the production, consumption, and trade of goods and services within an entity, whether that entity is a country or a small city.
No two economies are alike. Each is trained according to his or her own resources, culture, law, history, and geography. Essentially, economies work by distributing scarce resources among individuals and institutions.
A series of markets where goods and services are traded, backed by capital, come together to form an economy. These networks exist at the local, national and international levels.
With a GDP of $23 trillion, the United States is by far the world's top economy in this ranking for 2021. It is followed by China in second place with a GDP of $17.7 trillion. Canada is also far ahead in international comparisons and ranks 9th in this ranking.
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Answer:
Depreciation expense-Year 2 = $8840
Explanation:
It is important to note that the depreciation is based on the units-of-production method and in case of the truck, we take 100000 miles as its useful life or total units of production.
The depreciable value of the truck is Cost - salvage value,
Depreciable Value = 33000 - 7000 = 26000
The depreciation for year 2 based on units-of-production is,
Depreciation expense for year 2 = 26000 * 34000/100000 = $8840
Answer:
In 45 years we are going to have: 1,461,731.021
Explanation:
we are going to deposit the 8% of each salary.
we must notice the amount will grow by 4% each time. this will be a geometric annuity as the quota increase as a reason of 1 + q
the formula is:
grow = q = 0.04
capital return = 0.11
First quota = we will deposit 8% of the next year salary:
70,000 x 1.04 x 8% = 5,824
n= we retire in 45 year but we start doing this deposit next year= 44
1,461,731.021
I believe the answer is: end network relationships after you find a job
If you end network relationships after you find a job, you would be automatically considered as rude and that person would no longer contact you in case there is a better opportunity in the future.
Because of this, it is important for you to maintain good networking relationship with as many people as you can to accelerate your career.