The correct answer is D. Absolute cost differences regulate the immediate basis for trade
Absolute gain is the ability of a country, separate, company or region to make a good or service at a lower cost per unit than the cost at which any other individual produces that same good or service.
This would indeed present a conflict of interest. A conflict of interest occurs when a person or an organization is involved in various commitments, obligations or tasks, and where serving one interest could involve working against the other. In this case, the law firm that represents the tug boat manufacturer has as its goal the maintenance of objectivity and the pursuit of justice. However, if the son of the canal administrator joins the firm, this could be put at jeopardy, as he would have a vested interest in a particular outcome.
Explanation:
The correct journal entry is as follows:
Cash Dr $90
Service revenue Dr $560
To Account receivable $650
(Being the cash received is recorded)
Basically we debited the cash for $90 and service revenue for $560 and credited the account receivable for $650 so that the correct posting could be done
The cash difference is
= $650 - $560
= $90
Answer: Option C
Explanation: In simple words, expenditures refers to the outflow of resources by an organisation for creating some service or good.
In the given case, the fund operated by the city of crescent billed them $30,000 and this outflow of money is made with the objective of providing support to the other departments.
Hence from the above we can conclude that this is an expenditure.
Answer:
The correct answer is B
Explanation:
Marginally attached workers are those workers or person who are not in the labor force but want and also available for work and the persons looked for a job sometime in the previous twelve months.
These kinds of workers will not counted as an unemployed worker due to they had not looked for work in previous 4 weeks, for any reason.
So, the marginally attached workers or persons are those people who are not working yet but looking for work and will also work if asked.
