Answer:
(D) the principle of comparative advantage does not apply to countries with extremely limited resources.
Explanation:
The statement a, b and c are trues, the cost of opportunity reduced because you have more products available, it reduces the price of different prices and services, the trade makes that the nations depend and work together to improve their benefits, usually the trade doesn't benefits all the citizens because some industries improve their performance an other don't it depends of the market.
All the resources al limited, but the principle of the comparative advantage, says that the countries have to put the resources and efforts in a specific economic activities where they are better that other countries, and there are many products that a country could make
PW = 50000×(((1.12^5)-1)÷(.12×1.12^5))= $180239
New material will be needed to produce plastic.
The plastic that we use comes from the residual that created after we utilize crude oil to create other products
If the amount of oil available is limited, we could use non-oil material such as <span>ethylene as its feedstock as a substitute for the main core material.</span>
Answer:
Explanation:
(a) The computation of the cost of goods sold is shown below:
= Beginning inventory + Purchase of new merchandise - ending inventory
= $4,000 + $22,000 - $4,500
= $21,500
(b) In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
D. $4,000
Explanation:
For Anderson Antiques the following have been given
Opening balance= $4,000
Cash receipts (inflow)= $365,000
Cash disbursed (outflow)= $370,000
Desired reserve= $3,000
So cash at end of day= Opening balance + cash inflow - cash outflow
= 4,000+ 365,000- 370,000
= - 1,000
Remember we want a cash reserve of $3,000 so we take it out of closing balance
Final figure= -1,000-3000= -$4,000
So shortfall of $4,000