Answer:
Current ratio = 3.28
Explanation:
Current Ratio = Current Asset (CA) / Current Liabilities (CL)
In this case:
Current Ratio = Current Asset / Current Liabilities
Current Ratio = 394,000 / 120,000
Please, for the accounts classification see attached file. You will find the amount of current and long-term assets and liabilities there.
Answer : The amount needed to spend to save $170 is, $32.3
Explanation :
As we are given that an online buying club requires an annual fee of $170 and a 19% discount on purchases.
Now we have to determine the amount needed to spend to save $170.
As, for every $100 the discount will be = $19
So, for every $170 the discount will be =
= $32.3
Thus, the amount needed to spend to save $170 is, $32.3
Answer:
Greece has a comparative advantage in the production of stained glass.
Germany has a comparative advantage in the production of oil.
Greece can gain from specialization and trade as long as it receives more than 4 barrels of oil.
Germany can gain from trade as long as it receives more than 0.1 pane of stained glass.
Trade price in this situation will be 8 barrels of oil per pane of stained glass and 6 barrels of oil per pane of stained glass.
Explanation:
Greece and Germany both produce oil and stained glass.
Greece's opportunity cost of producing a pane of stained glass
= 4 barrels of oil
Germany's opportunity cost of producing a pane of stained glass
= 10 barrels of oil
Greece has a comparative advantage in the production of stained glass as it has lower opportunity cost.
Greece's opportunity cost of producing a barrel of oil
=
= 0.25 pane of stained glass
Germany's opportunity cost of producing a barrel of oil
=
= 0.1 pane of stained glass
Germany has a comparative advantage in the production of oil as it has lower opportunity cost.
Greece can gain from specialization and trade as long as it receives more than 4 barrels of oil. Germany can gain from trade as long as it receives more than 0.1 pane of stained glass.
Both the countries will gain from trade if the trade price lies between their opportunity cost. So trade price in this situation will be 8 barrels of oil per pane of stained glass and 6 barrels of oil per pane of stained glass.