Answer:
B. The input gains from greater international specialization and trade are the equivalent of economic growth.
Explanation:
If a country moves outside its production possibilities curve, the country has experienced economic growth, precisely because it has increased the amount of goods it can produce according to the production possibilities curve.
International trade thus facilitates economic growth because it makes each country focus on the production of the goods that have the lower opportunity cost, and therefore, use the country's resources more efficiently. This, added to technological improvements, can help a country's economy become larger in both the short and long-term.
Answer:
1)
Beginning inventory = 0
Plus: purchases = 6950
Less: withdraws= 6400
= ending inventory = 550
550-100 batteries used by staff= 450 batteries used in production
= 450 × $125 = $56250
Since 90% is completed, it means 10% is in WIP, i.e.,
WIP = 10% × 56250
= 5625
completed = 90% ×56250 = 50625
Since 30% of completed were unsold, it means remaining 70% were sold, which is COGS, i.e.,
COGS = 70% × 50625
= 35437
Note: selling expense cannot be deteremined from the given information.
2) WIP and Finished Goods accounts would appear on the balance sheet while COGS and selling expense would appear in income statement at April 30.
Answer:
a. A
b. B
Explanation:
The study of microeconomies comprise of the decision making behavior of individual firm or household regarding the scarce resources in the economy. It deals or engage with the individual units of the economy.
And the study of macroeconomics, is the one that studies the economy as a whole. It deal with the total data and their structure, behavior and performance as a whole unit.
So, in the following cases,
a. General motors world wide operations - It is the macroeconomics study as dealt with the whole economy.
b. Effect of government subsidies on sugar prices - It is the microeconomics study as dealt with the individual unit of the economy which is on the sugar prices, not economy as whole.
Answer:
The right approach is "$21,850". A further solution is provided below.
Explanation:
The given values are:
Employer pays,
= $15,450
Unemployment compensation,
= $3,400
At the end of the year, she paid,
= $3,000
For year 2017,
Alicia Gross income will be:
=
= ($)
Answer:
C. The RR must explain the contingent deferred sales load to the prospect
Explanation: