The answer is B. Profit after taking the costs of making the goods.
Answer:
$188,625.23
Explanation:
Data provided in the question:
Annual payments made : $27,000, $31,000, $64,000, and $96,000
Now,
Present value = ( Cash flow ) ÷ ( 1 + r )ⁿ
Here,
r is the interest rate = 4.9% = 0.049
n = year
thus,
Year Cash flow Present value
1 $27,000 $25,738.79
2 $31,000 $28171.55
3 $64,000 $55443.86
4 $96,000 $79281.03
======================================
Value of settlement today = $188,625.23
Answer:
$3,000.
Explanation:
Existences of supplies from previous month: $0
Bought supplies during June: $5,000
Supplies unused ar the end of June: $2,000
Supplies used during June = Existences of supplies from previous month + Bought supplies during June - Supplies unused ar the end of June
Supplies used during June = $0 + $5,000 - $2,000
Supplies used during June = $3,000
The adjusting entry to record an accrued expense is:
Debit to Supplies expense account (increases of expense)
Credit to Supplies stocks account (decreases of asset)
Answer:
Net income is the amount of money the business has earned after paying taxes
The choice of country a to purchase wheat from country b is supported by Ricardo's theory of comparative advantage, which is the theory of international commerce.
<h3>What is the trade theory of Ricardo?</h3>
Three premises underlie the Ricardian theory of international trade: labor productivities are fixed, there is no cross-border movement of the production factors, and labor is the only production factor. Only the first of these presumptions is acknowledged by Ricardo himself.
According to Ricardo's well-known theory of comparative advantage, countries can gain a competitive advantage in international trade by focusing on producing goods with the lowest opportunity costs compared to those of other countries.
<h3>What can we infer about the advantages of free trade from Ricardo's theory of comparative advantage?</h3>
The foundation of international trade is comparative advantage, which also serves as the basis for the positive economic effects of free trade on nations. According to the comparative advantage concept, trade can still be advantageous to both trading partners even when one country has a clear advantage in producing goods.
Learn more about Ricardo's theory of comparative advantage: brainly.com/question/14015888
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