If Natasha can produce either 5,000 pounds of cheese or 20 houses per year and Jameson can produce either 5,000 pounds of cheese or 10 houses per year then,
- Natasha has a comparative advantage in the production of cheese.
- Jameson has a comparative advantage in the production of cheese.
<h3>What is comparative advantage?</h3>
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage.
The example of comparative advantage is-
- For instance, if a nation excels in producing both cheese and chocolate, they can choose to allocate the appropriate amount of labour to each product.
- This nation has a comparative advantage in producing chocolate if it takes one hour of labour to make 10 units of cheese and one hour of labour to produce 20 units of chocolate.
The importance of comparative advantage are-
- Ability to create a good or service for a lower opportunity cost is a benefit of comparative advantage.
- Companies with a comparative advantage are able to sell their products and services for less than their rivals do, resulting in higher profit margins and stronger sales margins.
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Answer:hahah
Explanation:u are so unsmart hahah lol
Answer:
D. All of the above
Explanation:
A statement of cash flows is also known as cash flow statement and it is a financial statement which is used to illustrate how changes in income and various account of the balance sheet affect cash and cash equivalents.
The statement of cash flows is also used by financial experts or accountants to breakdown the cash-flow analysis into;
1. Cash-flow from operating activities: it represents cash-flow and transactions from operational business activities such as employee salary, sales of goods etc.
2. Cash-flow from investing activities: it represents the cash flow from investment such as proceeds from the sale of plant, equipments etc.
3. Cash-flow from financing activities: it represents the cash flow from debt or equity. Basically, the costs used in a financing a business.
<em>The purposes of the statement of cash flows are to;</em>
A. Predict future cash flows.
B. Evaluate management decisions.
C. Determine ability to pay debts and dividends.
Answer:
The depreciation schedule for six years is attached below.
Explanation:
Answer:
$34,500
Explanation:
Calculation to determine total revenues for the year
Using this formula
Total revenues=Increase in Assets+Decreased in liabilities+Dividends+Expenses
Let plug in the formula
Total revenues=($11,000-$19,000)+($9,000-$7,500)+$4,000+$21,000
Total revenues=$8,000+$1,500+$4,000+$21,000
Total revenues=$34,500
Therefore total revenues for the year is $34,500
