The poor country has an absolute advantage in the production of quinoa.
<h3>What is absolute advantage?</h3>
A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries who produce the good.
For example, if a country produces 97% of a good, it means it produces majority of the good. This indicates that the country has absolute advantage in the production of the good.
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Answer:
QR stands for Quick response codes
Explanation:
QR defined as the Quick response code, which is a kind or the type of the barcode, that is only read by the digital device and the stores information.
It is used in order to track the information regarding the products and mostly used for the campaigns of advertising and marketing.
Therefore, the target post signs in the posts and the stores, the QR codes on the products.
Answer:
The result of K's inaction causes an increase in the outstanding loan by $50
Explanation:
<em>Step 1: Determine the interest amount</em>
The interest amount can be determined as follows;
I=PRT
where;
I=interest amount
P=principal amount
R=annual interest rate
T=time
In our case;
I=unknown
P=$1,000
R=5%=5/100=0.05
T=1 year
replacing;
I=1,000×0.05×1=$50
<em>Step 2: Determine the total loan amount</em>
This can be expressed as;
A=P+I
where;
A=total loan amount
P=principal amount
I=interest amount
In our case;
A=unknown
P=$1,000
I=$50
replacing;
A=1,000+50=1,050
The loan amount due after a year=$1,050
The result of K's inaction causes an increase in the outstanding loan by $50
Answer:
The contract is void since it attempts to contract for services that are illegal
Explanation:
Since there is a contract between the Mr Green and Mr Blue and they already know that the Mr blue has already caught the number of crabs i.e permitted in the season but they agree to exceed the quota
Therefore the status should be void as they want to exceed which is not permitted that results in illegal service contracts
Hence, there is a void contract
Answer:
Sales less variable production, variable selling, and variable administrative expenses.
Explanation:
On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.
Contribution margin =
sales revenue - total variable cost
the fixed cost are listed below the contriution,
once subtracted from the contribution, the rest is the net income.
