Answer:
D. Benefit both Steve and Tom
Explanation:
As Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at producing both goods. In this case, trade could benefit both Steve and Tom. The basic logic behind this answer is that, although Steve is not better at producing baseball gloves and bats but still can compete with Tom, where Tom's better quality products will encourage Steve in order to produce bit better quality in order to remain him in the market and competition. On the other hand, when Steve is not producing much quality products, this will give more competitive advantage to Tom, which definitely help him in earning more profits and loyal customers, therefore, in this cycle, both Steve and Tom will get benefit.
Answer:
rationalizing
Explanation:
Rationalization in psychology or logic is indeed a defensive mechanism wherein problematic actions or emotions are defended and clarified in an obviously logical or rational way to escape the mechanistic explanation, and are rendered actively bearable or perhaps even impressive and preferable by convincing methods.
Rationalization facilitates unreasonable or unacceptable behavior motivations or emotions and sometimes includes hypothesizing ad haste. This cycle goes from completely aware to mostly unaware. Individuals rationalize for different reasons.
Answer:
C) purchasing goods at product markets
Answer:
SmartSC
The economic order quantity (EOQ) for Supplier A is:
= c) 253
Explanation:
a) Data and Calculations:
Supplier A Supplier B
Price per unit $30 $6
Annual unit demand 7,200 3,000
Annual holding cost $9 $1.80 ($6 * 30%)
Ordering cost $40
Economic order quantity for Supplier A = square root of (2 * D * S)/H
where D = Annual demand in units
S = Ordering cost per order
H = Holding cost per unit
= square root of (2 * 7,200 * $40)/$9
= square root of 64,000
= 253
Answer:
A. By including restricted cash as part of the amount reported as cash and cash equivalents, the company more clearly conveys to financial statement users the actual amount of cash available to pay liabilities.
Explanation:
Restricted cash can be defined as an amount of money and cash equivalents which is being held or set aside by a company for a specific purpose and as such it is not available for immediate business or general use. It is generally classified as either a current asset if it would be used in the short-term or as a non-current asset if it wouldn't be used in a one-year period or time frame.
<em>Hence, the true and correct statements about restricted cash are as follows;</em>
1. Restricted cash is not available for general use but rather restricted for a specific purpose.
2. Restricted cash must be reported separately on the balance sheet as other assets or restricted cash.
3. Companies are sometimes legally or contractually required to set aside cash for a specific purpose and are not allowed to use it for day-to-day operations.
Additionally, the purpose of a restricted cash is usually stated in the footnotes of a financial statement and depending on the company, the purpose might be for capital investments, debt reduction, repayment of loans, purchase of heavy equipments etc.
