Answer:
$54,321
Explanation:
Prepare a Bank Reconciliation statement to determine the true cash balance as of June 30.
Bank Reconciliation statement as at June 30
Balance as per Bank Statement $56,084
Add Outstanding Lodgments $2,655
Less Unpresented Checks ($4,418)
Balance as per Cash Book $54,321
Conclusion
The true cash balance as of June 30 is $54,321.
The five foundations of trade are:
- incentives
- tradeoffs
- opportunity cost
- marginal thinking,
- principle that trade creates value.
<h3>Why do we engage in trade?</h3>
There are five main foundations of trade that are the reason why people engage in trade. One of them is the profit incentive to make money from trade. Another is the tradeoffs that people are forced to make to survive.
Opportunity cost also leads to trade because people give up one thing for another and so may have to sell the thing they gave up to receive the thing they want. There is also the principle which posits that when we trade, value is created. Finally, there is marginal thinking which is thinking along the lines of the benefit of one additional unit.
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Answer:
Time will be 8.20 year
Explanation:
We have given that the machinery cost A = $11900
And principal amount P = $67000
Rate of interest r = 7 % = 0.07
We have to find the time t
We know that formula
t = 8.20 year
A company president attends a groundbreaking ceremony for a new children's hospital located near company headquarters. the president's role is best classified as that of a figurehead.
Senior executives can unilaterally control a small number of resources. Rationale: Jeffrey Pfeffer, professor of organizational behavior at Stanford University, theorizes that leadership is independent of most organizational performance. In a team-based organization, a typical leader's role is to facilitate and support the team's decision-making.
Effective leaders are groundbreaking ceremony, motivate teams, take responsibility and delegate, listen to feedback, and have the flexibility to solve problems in an ever-changing workplace. Employers look for these skills in candidates they hire for management positions.
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Answer:
Orion has a comparative advantage in the production of granite
.
Scorpius has a comparative advantage in the production of Blueberries.
Explanation:
We have the relative cost for Orion of producing one Ton of Granite is: 9/6 = 1.5 Bushels of Blueberries, while the relative cost for Scorpius of producing one ton of Granite is : 7/3 = 2.33 Bushels of Blueberries. Thus, Orion has comparative advantage of producing Granite.
We have the relative cost for Orion of producing one Bushels of Blueberries is: 6/9 = 0.67 ton of granite, while the relative cost for Scorpius of producing one Bushels of Blueberries is : 3/7 = 0.43 ton of granite. Thus, Scorpius has comparative advantage of producing Blueberries.
