Answer:
None of the option is correct.
Explanation:
Principle of comparative advantage states that a country has a comparative advantage in producing a certain goods if the opportunity cost of producing those goods is lower than the other country. A country is exporting a commodity in which it has a comparative advantage and importing a commodity in which it has a comparative disadvantage.
Answer:
Date Particulars Debit Credit
Inventory 40,000
Accounts Payable - Gita 30,000
Bank 10,000
Accounts Receivable - Jeewan 7,000
Sales 7,000
Cost of Goods sold 10,000
Inventory 10,000
Accounts Payable - Gita 15,000
Discount Received 1,000
Cash 14,000
Cash 6,500
Discount Received 500
Accounts Receivable - Jeewan 7,000
Explanation:
It is required to record journal entries of given transactions. It is shown on the question that transactions includes purchase, sales, cash receipts and cash payment. The first transaction describe that business purchase goods from Gita while in second transaction it shows the business sold goods on Credit. The third transaction indicates business paid cash to accounts payable and received discount. The fourth transaction indicates that business received cash from Jeewan a Receivable and received discount from them.
Answer:
increase in real wages, hiring less workers
Explanation:
In the case when the nominal wages are remain same but at the same time the level of the price should changed so if there is an decrease in the level of the price so that means there is an increased in the real wages as it is an inverse relationship between the real wages and the price level due to this the firm could hired less workers as the wages are increased
Answer:
Shares of Winston, Inc. Stock
The total percentage return on this investment is:
= -11.25%
Explanation:
a) Data and Calculations:
Purchase cost = $22,760 (400 * $56.90)
Quarterly dividends received = $440 (400 * $0.55) * 2
Sales price = $19,760 (400 * $49.40)
Total cash receipts from the investment = $20,200 ($440 + $19,760)
Total returns from the investment = -$2,560
Total percentage return on the investment = -$2,560/$22,760 * 100
= -11.25%
b) There is a loss of value on the investment amounting to $2,560, which is 11.25%. The investment actually yielded a negative return.
