Answer:
Computer equipment:
year 1: (using 20% depreciation rate)
20% × 6000 = 1200 × (9÷12) = 900
Year 2: 1200
Dog grooming furniture:
year 1: 20% × 7000 = 1400 × (7÷12) = 817
Year 2: 7000
Pickup truck:
year 1: 20% × 10000 = 2000 × (3÷12) = 500
Year 2: 2000
Commercial building:
year 1: 20% × 280000 = 56000 × (2÷12) = 9333
Year 2: 56000
Land (one acre):
Land is not dereciated because it has infinite life.
Answer:
The Journal entries are as follows:
September 1:
Petty cash A/c Dr. $250
To cash $250
(To establish a petty cash fund)
September 30:
Cash over and short A/c Dr. -$2
Freight in A/c Dr. $25
Supplies expense A/c Dr. $75
Entertainment Expense A/c Dr. $37
Postage expense A/c Dr. $80
To Cash ($250 - $35) $215
( to record expenses for September and replenish the petty cash fund)
Workings:
Cash short = 215 - (25 + 75 + 37 + 80)
= - 2
Answer:
The answer is : 4) The Netherlands has a comparative advantage in raising beef
Explanation:
First, it is clear to see Netherlands has an absolute advantage in raising beef ( 100 tons of beef for Netherlands in comparing to 50 tons of beef of Belgium)
For Netherlands, the opportunity cost to raising 1 ton of beef is 10 boxes of tulips; the opportunity cost to produce 1 box of tulip is 0.1 ton of beef. (1)
For Belgium, the opportunity cost to raising 1 ton of beef is 15 boxes of tulips; the opportunity cost to produce 1 box of tulip is 0.07 ton of beef. (2)
From (1) and (2) => Netherlands has comparative advantages in raising beef while Belgium has comparative advantages in producing boxes of tulips.
Thus, 4 is chosen.
Answer:
Correct answer is (C)
Explanation:
Lack of control over pricing strategy.
Foreign-based independent distributors otherwise known as overseas distributors are responsible for buying your goods and selling to them to overseas market and in turn you may lose control of the way your products are marketed, priced and sold.