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juin [17]
3 years ago
14

The definition of a business is:

Business
1 answer:
kykrilka [37]3 years ago
4 0

Answer:

a person's regular occupation, profession, or trade.

Explanation:

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Which best describes the Government and Public Administration career cluster?
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This career cluster creates laws to protect citizens
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Layla started her fashion business in 2015. She has the creativity that is needed for her business to succeed. Over the past yea
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7 0
2 years ago
Suppose that Verania and Josimar are roommates that need to complete some household chores. Vacuuming and washing dishes need to
krek1111 [17]

Answer: a. is wrong. Because Verania has a comparative advantage in washing dishes, she should wash dishes, and Josimar should vacuum.

Explanation:

Having absolute advantage in both things does not mean that Verania has a Comparative advantage in both as well.

They should find out which activity they both have a comparative advantage in and focus on that. The activity that costs the least opportunity cost is the one they have a comparative advantage in.

Verania

Opportunity cost of vacuuming = 2 / 1 = 2 hours of washing dishes

Opportunity cost of washing = 1/2 = 0.5 hours of vacuuming

Josimar

Opportunity cost of vacuuming = 3/2 = 1.5 hours of washing dishes

Opportunity cost of washing = 2/3 = 0.66 hours of vacuuming

Verania has a comparative advantage in washing dishes while Josimar has a comparative advantage in vacuuming.

5 0
3 years ago
Pablo Management has ten employees, each of whom earns $100 per day. They are normally paid on Fridays for work completed Monday
Ganezh [65]

Answer:

Year end adjusting entry:

                                                     Debit               Credit

Salaries expense                         $1,000

(10*100)

Salaries payable                                                   $1,000

January 4, journal entry:

                                                     Debit               Credit

Salaries expense                        $3,000

(10*100*3)

Salaries payable                          $1,000

Cash                                                                    $4,000

(10*100*4)

Explanation:

The year end adjusting entry that shall be recorded by the Pablo management in its accounts on December 31 in respect of salaries expenses is given as follows:

                                                     Debit               Credit

Salaries expense                         $1,000

(10*100)

Salaries payable                                                   $1,000

The journal entry that shall be recorded by the Pablo management in its accounts on January 4 in respect of salaries paid to employees is given as follows:

                                                     Debit               Credit

Salaries expense                        $3,000

(10*100*3)

Salaries payable                          $1,000

Cash                                                                    $4,000

(10*100*4)

6 0
3 years ago
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