Answer:
6 Cookies {or any >5, <7)
Explanation:
Theory of Comparative Advantage states : A person/ economy having lesser opportunity cost (i.e other good sacrifised) to attain a good, should sell it to - other person/ economy having the good's higher opportunity cost.
Trade is beneficial if the terms of trade exchange ratio is better than own account production sacrifise ratio.
Bill can bake a pie with opportunity cost of 5 cookies. Fred can bake a pie with opportunity cost of 7 cookies. Bill has less opportunity cost of Pie in terms of Cookies, so should sell it to Fred.
The trade between them will be beneficial only if : both of them gain from trade - i.e get a good at lower opportunity cost than their own. Fred getting 1 pie per 6 cookies is better than his own sacrifise ratio i.e 1pie : 7 cookies. Bill getting 1 cookie per 0.16 (1/6) pie is better than his own sacrifise ratio i.e 1cookie : 0.25pie (1/5)
Answer:
There will be no effect on the level of checkable deposits.
Explanation:
Since the bank sold the $10 million of bonds to pay back a debt, that means that the bank's checkable deposits will not change. The bank's reserves will remain unchanged since the checkable deposits remain unchanged.
Answer:
The correct answer is letter "B": An audit.
Explanation:
An audit is an objective examination of accounting records that makes sure the records are a fair and accurate representation of the transactions they claim to represent. An audit is often used to mean an examination of a taxpayer's records by the Internal Revenue Service (IRS).
Answer:
Cash 44,250
Receivables $1,850
Equipment $26,600
Accounts payable 9,000
Capital 60,000
Revenue 8,150
Expenses 4,450
Explanation:
The question is to determine the recording of the transactions above on the Accounting equation
The accounting equation says Assets = Liabilities + Owners' Equity
In this context assets = Cash, Receivables and Equipment
Liabilities = Payables
Owners' Equity = Capital + Revenue - Expenses
The Accounting Equation
ASSETS = LIABILITIES + OWNERS EQUITY
Cash + Receivables + Equip. payable + Capital + Rev - Expens
1. $60,000 60,000
2. $22,000 $22,000
3. $3,100 3,100
4. -4,600 4,600
5 $5,050 5,050
6. -4,450 4,450
7. 3,200 -3,200
8. -13,000 -13,000
<u> 44,250 $1,850 $26,600 9,000 60,000 8,150 4,450</u>
The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
<h3 /><h3>What is inventory holding cost?</h3>
- The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
- Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms.
- Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.
- To reduce stock-out costs, merchandise is kept on hand.
- To ensure that no consumer leaves empty-handed, all businesses must forecast the demand for their products and maintain inventories of raw materials, finished goods, work-in-progress, and consumables.
- Within a single supply chain, inventory holding costs are computed as a portion of the overall inventory costs.
- Storage, insurance, labor, transportation, depreciation, shrinkage of the inventory, spoilage of the inventory, obsolescence, and opportunity costs are some of the costs.
To Learn more About inventory holding refer to:
brainly.com/question/26533444
#SPJ4
