Jake has a comparative advantage in the production of corn.
<h3>Who has a comparative advantage?</h3>
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. Opportunity good is the number of goods that have to be given up in order to produce a good.
Opportunity cost for:
Jake : 20 / 80 = 0.25
Jane: 40 / 40 = 1
Jake has a lower opportunity cost. He has a comparative advantage in the production of corn
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Answer:
A. Compliance with applicable laws and regulations.
Explanation:
The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to the reliability of internal and external reporting, the effectiveness and efficiency of operations, and Compliance with applicable laws and regulations.
Answer:
The annuity is worth $4100.20 today and if we increase the rate of return, from 7% to 8% the value of the annuity falls to $3992.71.
Explanation:
The step by step solution for the given problem is attached with the image.
The value of annuity will decrease if we increase the rate of return, from 7% to 8%. Future cash flows are discounted using the rate of return, and the higher the discount rate, the lower the present value of the future cash flows.