Answer:
D)reducing its need to be self-sufficient,
Explanation:
Specialisation by a country's economy means that it produces only the specialised goods & even export it, import the other goods.
It decreases opportunity costs, decreases cost of voluntary exchanges. Higher level of specialisation implies there is increased labor force division.
However, it reduces need of country to be self sufficient. As, it can gainfully trade its specialised goods for other goods (in which other economy specialises).
Answer:
Invnetory TurnOver 10
Average inventory 36.5
Explanation:
300,000 / 30,000 = 10
The company sales his inventory 10 times per year
In some cases, we are given with a beginning and ending inventory.
For those, we calculate the average inventory:
(beginning + ending)/2
365/10 = 36.5
The average the inventory age is 36.5 days
365 are the days of the year, and the inventory Turnover are the times per year the inventory is being sold.
we divide one fro manother to get a metric in days of how much the invneotry is in store before being sold.
Answer:
$87,000
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow of cash while an increase in liabilities is an inflow of cash.
Hence the net cash from financing activities
= -$72,000 + $159,000
= $87,000
Other activities are either operating or investing activities.
To find the answer you will want to follow the rule of 70. The rule of 70 allows you to find the number of years it takes a variable to double.
In this situation, you would divide 70 by 3.5% (variable) giving you 20 years.
It would take approx. 20 years for the price level to double.
Answer:
Antonio writes a check for $4,000: Medium of exchange;
Antonio can easily determine that the price of the super is more than the price of the Duper: Unit of account
Antonio has saved $4,000 in his checking account: store of value
Explanation:
* Antonio writes a check for $4,000: as he writes the check to car dealer, money in this situation is acted like a medium of exchange, that is, an intermediate instrument that helps to facilitate the transaction between Antonio and car dealer.
* Antonio can easily determine that the price of the Super is more than the price of the Duper: In this situation, money works as a unit of account. As Super takes him more money to own than the Duper, thanks to the money price tag Antonio easily identifies that the Super is more expensive than the Duper.
* Antonio has saved $4,000 in his checking account:: the $4,000 is the amount of purchasing power'value Antonio has had, yet not used; which has been stored in the form of monetary value. So, under this circumstances, money is played a role as store of value.
