Answer:
C) efficiency
Explanation:
Efficiency is defined as the ratio between the inputs required to produce a certain amount of output. In other words, the more efficient the company is, the lower its average production costs.
An efficient company is able to produce more output using the same amount of inputs as other companies, or produce the same output using a smaller amount of inputs.
In this case, Trent Automobiles is just the opposite, their bad purchasing decisions led to higher costs which reduces their efficiency levels.
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Managerial Accounting is different from Financial Accounting in that <em>c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.</em>
The differences between Managerial Accounting and Financial Accounting do not arise because of Managerial accounting:
- Focuses on the organization while financial accounting focuses on projects, etc.
- Never includes non-monetary information; it includes non-monetary information than financial accounting
- Used by investors, while financial accounting is used by creditors
- Structured and controlled by GAAP.
Thus, the difference between the two is that Financial accounting is structured and controlled by GAAP and used by <em>investors and creditors</em>. Managerial accounting is not structured by GAAP and is used by <em>management</em> in decision-making.
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Answer:
The correct answer is option D,19.
Explanation:
In calculating the above,two steps are involved-calculation of future value of $10000 invested at 6% for three years and calculation of number of years it would take to draw down the future value to less than $1000 by withdrawing $1000 every year beginning from year 3.
Using financial calculator,FV=FV(rate,nper,,-pv)
Please note negative in pv and the two commas
Rate=6%,nper=3 years and pv=$10000
Besides, the number of years was calculated using nper formula,which is given as:nper(rate,-pmt,pv,,1)
Find all calculations in the attached while also paying attention to the formulas.
I am assuming here that you use the example where in the US the workers can produce 200 computers of 100 cars and the French workers can produce 80 of each.
Then the opportunity cost of one computer in France is higher than in the United States -which means that it's lower in the United States (twice as low)
So, France would have a comparative advantage in producing wine and US in producing computers.