1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svetlana [45]
2 years ago
15

Suppose that Sweden can make a unit of furniture with 10 days of labor and a unit of steel with 15 days labor, while Germany can

make a unit of furniture with 12 days of labor and a unit of steel with 12 days labor.
Suppose that with free trade 1.5 units of furniture exchange for one unit of steel. Then the gains from trade
Are shared equally by the two countries
All go to Sweden
Go to neither country
None of these
Are shared by the two countries, but in an indeterminate way
Business
1 answer:
kobusy [5.1K]2 years ago
6 0

Answer:

All go to Sweden.

Explanation:

The two countries Germany and Sweden both can produce furniture and steel. Germany can produce one unit of steel or furniture in 12 days while Sweden can make one unit of steel in 15 days and one unit of furniture in 10 days. Germany has no advantage from the trade since it can produce both the goods in same time. Therefore all of the trade gain would belong to Sweden.

You might be interested in
• have you ever dealt with company policy you weren't in agreement with? how?
ziro4ka [17]
Yes i do.
A fertilizer company near my area choose to include a chemical substance that promotes Algae's growth in the water.
This substance will make the water surface covered in algae and make the plants inside the water unable to obtain proper sunlight and eventually killed them
3 0
3 years ago
Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. What must
torisob [31]

Answer:

Shondra should be sure she will have enough in her account to be able to make the monthly payments.

Explanation:

5 0
3 years ago
Read 2 more answers
Your firm has sales of $47,000, current assets of $5,100, current liabilities of $6,200, net fixed assets of $51,500, and a prof
Llana [10]

Answer:

$1,013.50

Explanation:

Projected assets = (Current assets + Fixed assets) * 1.10

Projected assets = ($5,100 + $51,500) * 1.07

Projected assets = $60,562

Projected liabilities = Current liabilities  * 1.07 = $6,200 * 1.07 = $6,634

Current equity = Current assets + Fixed assets - Current liabilities = $5,100 +  $51,500 - $6,200 = $50,400

Projected increase in retained earnings = Sales * 5% * 1.07 = $47,000 * 5% * 1.07 = $2,514.50

Equity funding need = Projected assets  - Projected liabilities  -  Current equity - Projected increase in retained earnings

Equity funding need = $60,562 - $6,634 - $50,400 - 2,514.50

Equity funding need = $1,013.50

So therefore, the equity funding need is $1,013.50

6 0
2 years ago
You are given the following long-run annual rates of return for alternative investment instruments: U.S. Government T-bills 3.10
Dvinal [7]

Answer:

The real rate of return is 0.10%

Explanation:

For computing the real rate of return, we need to apply the formula which is shown below:

( 1 + nominal rate) = ( 1 + real rate) × (1 + inflation rate)

So,

The real rate = {(1 + nominal rate) ÷  (1 + inflation rate)} - 1

                     = ((1 + 3.10%) ÷  (1 + 2%)} - 1

                     = (1.031 ÷ 1.02) - 1

                     = 1.0107 - 1

                     = 0.10

The Government T-bills is only the nominal rate so we considered this only

5 0
3 years ago
During the current year, sales on account were $306,673, collections on account were $290,750, write-offs of bad debts were $7,0
sweet-ann [11.9K]

Answer:

  • 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations.

Accounts Rec T-Account  

$ 306.673 Debit

$ 290.750 Credit

$ 7.059    Credit

$ 8.864    Debit Balance

Allowance for Doubtful Accounts T-Account  

$ 7.059 Debit

$ 4.775 Credit

$ 2.284 Debit Balance

  • 1-b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year.

$ 4.775   Dr Bad Debt Expense

  • 1-c. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year.

$ 2.284    Dr (Debit) Allowance for Uncollectible Accounts

$ 8.864    Dr (Debit) Accounts Receivable                        

Explanation:

  • Initial Balance

Dr Accounts Receivable  $ 306.673

 

  • Write-offs of bad debts  

Cash $ 290.750

Cr Accounts Receivable  $ 290.750

 

  • Write-offs of bad debts  

Dr Allowance for Uncollectible Accounts $ 7.059

Cr Accounts Receivable  $ 7.059

 

  • Bad debt expense adjustment  

Dr Bad Debt Expense $ 4.775

Cr Allowance for Uncollectible Accounts $ 4.775

 

  • 1-b. Complete the amounts related to Accounts Receivable and  

Bad Debt Expense that would be reported on the INCOME STATEMENT for the current year  

Dr Bad Debt Expense $ 4.775

 

  • 1-c. Complete the amounts related to Accounts Receivable and  

Bad Debt Expense that would be reported on the BALANCE SHEET for the current year.  

Dr Allowance for Uncollectible Accounts $ 2.284

Dr Accounts Receivable  $ 8.864

6 0
3 years ago
Other questions:
  • Donnie Hilfiger has the following balances in its stockholders' equity accounts on December 31, 2015: Treasury Stock, $400,000;
    6·1 answer
  • Target Market Selection Process:
    11·1 answer
  • "books are the best of things, well used; abused, among the worst. what is the right use? what is the one end which all means go
    12·1 answer
  • Following are transactions for Valdez Services, a company owned by Brina Valdez. A. Brina Valdez invested $20,000 cash in the co
    15·1 answer
  • A subsidiary sells inventory to its parent at a markup of 30% on cost. in 2019, the parent paid $650,000 for merchandise receive
    15·1 answer
  • Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is Dece
    10·1 answer
  • If I Want to be a Child Pycoligest, what would the steps be to become this.​
    14·1 answer
  • Assume that a state government currently provides no child-care subsidies to working single parents, but it now wants to adopt a
    15·1 answer
  • Which of the following statements are true? Multiple select question. Raw materials inventory only includes the cost of direct m
    15·1 answer
  • According to table 3.1, what prices would cause a surplus?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!