Answer:
$30,000
Explanation:
Total collections on account is computed as;
= Accounts receivable at the beginning + Sales during the year - Accounts receivable at the end
Given that;
Accounts receivable at the beginning = $52,000
Sales during the year = $47,000
Accounts receivable at the end = $69,000
Therefore,
Total collections on account
= [($52,000 + $47,000) - $69,000]
= $30,000
Answer:
Buying in bulk stops being a wise spending choice when the consumer buys more than is needed
Please mark brainliest! Have a nice day!
Answer:
a. other countries have a comparative advantage over Vietnam and Vietnam will import textiles.
Explanation:
A country has comparative advantage if it produces a good or service at a lower opportunity cost when compared to other countries.
The price of textile in Vietnam is higher when compared with other countries, this shows that Vietnam doesn't have a comparative advantage in the production of textile.
Vietnam should import textiles and use its resources to produce other goods for which it has a comparative advantage.
I hope my answer helps you.
Answer:
$50,100
Explanation:
Given that
Acquired value of a financial asset other than principal market = $50,000
Sale value of the identical instrument in principal market = $50,100
Transaction cost = $200
For reporting the fair value, we have to exclude the transaction cost i.e $200 and consider that cost which is to be received while exchanging i.e $50,100
This sale value would be equal to the fair value i.e $50,100 should be reported as a fair value
Answer:
Quantity supplied will increase
