Answer:
The correct answer is: Each country can consume at a point outside their production possibilities frontier.
Explanation:
A country is said to be specializing in the production of a good if it can produce the good at a lower opportunity cost. When countries produce the good they specialize in producing and trade with other countries. All the countries will be able to consume more.
The countries will produce on its production possibilities frontier at the intercept of the good they specialize in and consume at a point outside their production possibility frontier.
CALCULATE TOTAL ASSETS TURNOVER :
TOTAL ASSETS TURNOVER = NET SALES/AVERAGE TOTAL ASSETS
= 3.6/1.1
TOTAL ASSETS TURNOVER = 3.27 TIMES
In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. Assets represent the value of an asset that can be converted into cash.
An asset is a resource of economic value owned or controlled by an individual, business, or state with the expectation of providing future benefits. Assets are reported on the company's balance sheet. They are classified as short-term, fixed, financial, and intangible.
Despite all this, a car is an asset even for less than what you paid for it because it can be quickly turned into cash on the market. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.
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Answer:
$478,000
Explanation:
Purchase inventory = cost of goods sold + ending inventory - beginning inventory
Purchase = (445,000 + 76,000) - 43,000 = $478,000
Answer:
A. USD 5,180/-
Explanation:
In the actual method of inventory valuation, the inventory reaming and the COGS (Cost Of Goods Sold) is measured after each purchase or sale of a transaction. So the COGS and the remaining value of the inventory is known all the time.
Formula:
- Gross margin is equal to Sales minus COGS
Answer: $27,864
Explanation:
The amount that should be recorded as other comprehensive income is the fair value less the sales price and the amortized premiums to reflect the true value of the investment,
= 1,164,000 - 1,129,896 - 3,048 - 3,192
= $27,864
$27,864 is the amount Crane Company should report as other comprehensive income and as a separate component of stockholders’ equity.
