Answer:
Texia; Texia
Explanation:
A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Texia can produce 1000 units of food while Urbania can produce 500 units of food . Texia produces more food
Texia can produce 500 units of clothing while Urbania can produce 200 units of clothing. Texia produces more clothing
Texia has an absolute advantage in both activities
Answer:
$288,000
Explanation:
Sum-of-the-years'-digits method provide for higher depreciation to be charged early in the life of the asset with lower depreciation in the later year.
Sum of digits = 5 + 4 + 3 +2 +1 = 15
2020
Depreciation = 5 / 15 x $480000
= $160,000
2021
Depreciation = 4 / 15 x $480000
= $128,000
therefore,
Accumulated depreciation = $160,000 + $128,000 = $288,000
thus
The accumulated depreciation on this machinery at March 31, 2021, should be $288,000.
Answer:
The Four Factors of Production
Land Labor Capital
The physical space and the natural resources in it (examples: water, timber, oil) The people able to transform resources into goods or services available for purchase A company's physical equipment and the money it uses to buy
Answer:
Decrease Profit and Inventory Asset value as well.
Explanation:
This will Decrease the closing inventory value which will increase the cost of goods, decrease the profit and ultimately decrease the retained earning value in the balance sheet. It also decrease the Inventory value in the current assets section of balance sheet, which will ultimately decrease the total asset value.