If Country B has an absolute advantage over Country A in producing bicycles, it must also have a comparative advantage over Country A in producing bicycles - False
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Explanation:</u></h3>
When any organisation has the ability to produce a product identical to its competitor company in such a way it utilizes only lesser amount of the given resources producing more product then it is said to have absolute advantage. Comparative advantage refers to the ability of a firm in producing a particular goods or services at a lesser marginal cost when compared with the opportunity cost.
Absolute advantages helps a firm to reduce its production cost than its competitors. Comparative advantage helps a firm in reducing the opportunity cost. It is not necessary to have a company to have both absolute and comparative advantage at the same time. It can either have absolute or comparative advantage.
Answer:
The assets should have increased by 34,000 during the same period.
Explanation:
Considering the accounting equation as follows:
Assets = Liabilities + Equity
and given the information that:
liabilities + 55,000
equity - 21,000
net change in the right side: 34,000
The assets should have increased by 34,000 during the same period.
Answer:
D. Concentrating on looking at the message from the receiver's perspective.
Explanation:
When writing a business message, it is important to ensure that the perspective of the receiver is considered. There are two sides to a message; the speaker and the receiver. By making a business writtings audience oriented, it means that thoughts of the receiver or audience is considered alongside the message.
Although other skills such as; present ideal clearly but concise, attempt to get your audience to believe and accept your message, write to solve a problem or convey information are essential qualities of business writtings, yet do not point to audience oriented message.
Answer:
$20 per share
Explanation:
To determine the net asset value we must first calculate the fund's total value minus liabilities:
$120,000,000 - $4,000,000 = $116,000,000
Now we divide the fund's total value by the number of shares issued:
$116,000,000 / 5,800,000 shares = $20 per share
