Answer:
The answer is : 4) The Netherlands has a comparative advantage in raising beef
Explanation:
First, it is clear to see Netherlands has an absolute advantage in raising beef ( 100 tons of beef for Netherlands in comparing to 50 tons of beef of Belgium)
For Netherlands, the opportunity cost to raising 1 ton of beef is 10 boxes of tulips; the opportunity cost to produce 1 box of tulip is 0.1 ton of beef. (1)
For Belgium, the opportunity cost to raising 1 ton of beef is 15 boxes of tulips; the opportunity cost to produce 1 box of tulip is 0.07 ton of beef. (2)
From (1) and (2) => Netherlands has comparative advantages in raising beef while Belgium has comparative advantages in producing boxes of tulips.
Thus, 4 is chosen.
Surplus. Is this a multiple choice?
Answer: a. Continuing operations.
Explanation:
When a company prepares its financial statements, it does this assuming the principle of going concern which is that operations will continue in the near future. The information that is therefore shown, unless specified otherwise, is from continuing operations.
Users of financial statements rely on this information from continuing operations to analyze what the company is likely to do in future or how it is likely to perform. It is therefore a very important section as it shows whether stakeholders should remain invested in the company.
Please find attached full question
Answer and Explanation:
Please find attached
Answer:
Date Account titles Debit Credit
Jul-15 Cash $16,640
Sales revenue $16,000
Sales tax payable $640
($16,000*4%)
Jul-15 Cost of goods sold $8,000
Inventory $8,000
Aug-01 Sales tax payable $640
Cash $640
Nov-03 Cash $480
Unearned ticket revenue $480
Nov-20 Unearned ticket revenue $80
($480*1/6)
Ticket revenue $80