Answer:
$18,000
Explanation:
Prepare an Accounts Payables Budget
The firm's budgeted payables balance on June is $18,000
Answer:
Spain has a comparative advantage in the production of olives and;
Austria has a comparative advantage in the production of fish
9 pounds of fish per crate of olives (being more favorable to Spain)
6 pounds of fish per crate of olives (being more favorable to Austria)
Explanation:
Spain renounce to 5 pounds of fish to produce olives while Austria to 10
threfore is much better in competitive term for Spain as the opportunity cost is lower
The opposite is true for Autria regarding fish production. is better producing that as renounce to less olives than Spain
Austria will sale above purchase olive for less than 10
while Spain will sale for more than 5
Given this requirement there are two options which allow for trade and generate gain for both countries.
I think it is C I looked up some stuff and they all add up to C
Answer: C. spend $20 on coffee and $10 on tea
Explanation:
the marginal rate of substitution measures the amount of a good given up one for another good another good
MRS = change in good tea divided by change in good coffee
MRS = 2 meaning for cup of coffee 2 cups of tea are given up.
Jack allocates $30 towards coffee and tea, marginal rate of substitution implies that he gives up 2 cups of tea for coffee the ratio between coffee and tea is 2:1 and both products have the same price. We can conclude that he will spend $20 on coffee and $10 on tea. the combination of $20 for coffee and $10 for tea corresponds with jack's marginal rate of substitution of tea for coffee. for each dollar spent on tea jack spends $2 on coffee
Answer:
D) $45,000.
Explanation:
invoice price $40,000
sales tax $2,000
shipping and preparation costs $3,000
total = $45,000
The cost of any equipment includes the purchase price, related taxes (sales tax or import tariffs), shipping and handling costs, and insurance during the shipping and installation of the equipment.
Insurance that covers the equipment once it is operating is not included in the original cost of the equipment, it is considered an expense.