Answer:
The opportunity cost of one pair of shoes for the United States is, while the opportunity cost of one pair of shoes for Canada is B. 5 apples; 2 apples
Explanation:
An American worker can make 20 pairs of shoes or grow 100 apples per day. The opportunity cost of 20 pairs of shoes for the United States are 100 apples. The opportunity cost of one pair of shoes for the United States = 100 apples/20 = 5 apples
A Canadian worker can produce 10 pairs of shoes or grow 20 apples per day.
The opportunity cost of 10 pairs of shoes for Canada are 20 apples.
The opportunity cost of one pair of shoes for Canada = 20 apples/10 = 2 apples
Answer:
Specialty line
Explanation: Specialty kine is a business term which tries to describe the line of product or services of which a person or a business entity is good at. This can be in the sale of Consumer goods,or in the distribution of a particular product or the marketing of a give set of product etc.
SIMPSON MICRO HAS A SPECIALTY LINE THAT HAS TO DO WITH THE SALE AND HANDLING OF COMPUTER SOFTWARES, Specialty lines help to allow the product line where it's.business have a good experience.
Answer: the correct answer is $ 885,000
Explanation:
Mirr began operations on January 1, 2010
Assets= Liabilities + Patrimony or owner's equity
$860,000 = $110,000+ $750,000
In the first year liabilities grew to $120,000 and patrimony increased to $765,000 which is $750,000 beginning balance + $18,000 ($82,000 revenues - $64,000 expenses) - $ 3,000 declared dividends.
So for December 31, 2010 the assets should be
$885,000 = $120,000 + $ 765,000.
Answer:
B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.
D. Define your financial goals. Pay off credit card(s) by the end of this school term.
A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.
E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.
C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.
Explanation:
The five basic steps of financial planning are evaluate, define, develop, implement, and review, or EDDIR for short. It basically by knowing your current position and defining how you want to be in the future. Then you must develop a plan and try to implement that plan. After some prudent time, you should go back and review if the plan was successful or not.