Answer:
B) Country A uses fewer resources to produce corn than Country B does.
Explanation:
An absolute advantage is a situation where a country or a company can produce some goods and services using fewer inputs compared to competitors. The company can produce more quantity of using the same amount of inputs than others. A country with an absolute advantage will manufacture a product at a lower cost than other countries or companies.
Absolute advantage enables companies and countries to gain from trade. Through specialization, a company will focus on what it can produce at a lower cost than others, and sell it. Country A has an absolute advantage if it can produce corn at a lower cost than country B.
Given:
<span>$500,000 beg. balance in retained earnings.
</span>$200,000 <span>net income for the year
</span>$1,000,000 <span>sales revenue
</span>$100,000 <span>dividends declared and paid by year-end
Retained earning is the amount left from net income after dividends have been paid. In the given data, sales revenue is not included in the Retained earnings report. It is reflected in the Income statement which generates the Net income.
Retained Earnings, beg. balance 500,000
Add: Net Income for the year <u> 200,000</u>
Total 700,000
Less: Dividends declared and paid this year <u> (100,000)</u>
Retained Earnings, end balance 600,000
</span>
Answer:
c) $28,200
Explanation:
Calculation for What is the company's net operating income (loss)
Governmental products division's divisional margin segment $41,300
Add Export Products Division's divisional segment margin $93,700
Total divisional segment margin $135,000
($41,300+$93,700)
Less Common fixed expenses not traceable to the individual divisions ($106,800)
Company's net operating income $28,200
($135,000-$106,800)
Therefore the company's net operating income is $28,200
Answer:
Gross Profit 100700
Explanation:
Beggining Inventory 1000000
Purchases 750400
Inventory comsuption x
Ending Inventory 350200
Ending I=begginin Inv+Purchases-comsuption
Comsuption= 1400200
Sales revenue 1500900
Cost 1400200
Gross Profit 100700
