Answer: A. Google Docs
Explanation:
Google Docs will be the best solution in this case because it is a cloud computing tool that enables people to work on a document simultaneously across the world. As others are working on the documents, the saves that they make are instantly saved on the document and reflected across all users who have access to the document at the time.
Answer:
Items of the master budget in order of preparation:
b. Sales budget
f. Inventory, purchases, and cost of goods sold budget
g. Selling and administrative expense budget
c. Capital expenditures budget
e. Cash budget
d. Budgeted income statement
a. Budgeted balance sheet
Explanation:
In a master budget, the first is the sales budget. It forms the nucleus for the preparation of other budgets. The sales targets determine the production requirements. From the production, inventory, or purchase budgets, other budgets will be formed sequentially. All are directed at meeting the needs of customers as captured in the sales budget. Lastly, the financial statements budgets are prepared, which include the income statement and the balance sheet.
5. C. cost push
6. A. Demand
7. A. Law of Demand
8. A. The product isn't a Necessity
9. C. Demand
Answer:
7,000 units
Explanation:
The units which were transferred to the Finished goods inventory during the month of February is computed as:
Units transferred to Finished goods inventory = Started units during February + Started the month with units in process - Ended the month with units in process
where
Started units during February is 6,700
Started the month with units in process is 890
Ended the month with units in process is 590
Putting the values above:
Units transferred to Finished goods inventory = 6,700 + 890 - 590
Units transferred to Finished goods inventory = 7,590 - 590
Units transferred to Finished goods inventory = 7,000
Answer:
The correct answer is <em>International Trade</em>.
Explanation:
Specialization in economics is not limited to individuals and firms, the soul of microeconomics. It also has applications in macroeconomics, which studies the economic actions of nations, regions and entire economies. In a macroeconomic context, specialization means that nations concentrate on the production of goods in which they have the greatest advantage while making trade contracts with other countries to obtain other goods.
David Ricardo, another classic economist of the 18th century and the beginning of the 19th century, discussed the specialization based on comparative advantages that help determine if it is of greater benefit to manufacture a product in the country or import it. It assumes, for example, that the United States produces clothes and computers cheaper than India. While the United States apparently would have an absolute advantage, it would not have a comparative advantage, which measures the ability to produce in terms of opportunity cost. Because production resources are limited, opportunity costs to produce computers mean that less clothing is manufactured. Compared to what has been sacrificed, the country should specialize in producing goods over which it has a comparative advantage while importing the other product