Answer:
-260,000 current earings and profits
Explanation:
From the taxable income we are going to adjust to get the current earnings and profits
-500,000 taxable income
-20,000 non-deductible expenses
+10,000 exempt taxes
+250,000 deferred gain
-260,000 current earings and profits
Answer:
Include subordinates early in the process and include them in all aspects of policy formation.
Answer:
the Sea Company's 2019 ending inventory using dollar-value LIFO is $95,000
Explanation:
The computation of the Sea Company's 2019 ending inventory using dollar-value LIFO is sown below:
= Ending inventory for 2019 ÷ change in prices
= $103,550 ÷ 1.09
= $95,000
hence, the Sea Company's 2019 ending inventory using dollar-value LIFO is $95,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The 1.09 come from
= $109 ÷100
Answer:
Yes, other countries probably have a comparative advantage in the production of rice.
Explanation:
Comparative advantages are given by the opportunity costs of producing one product instead of another. In this case, the opportunity cost of producing rice in China has increased due to higher prices of fruits and vegetables.
The costs of producing a certain good are not only labor costs, but they also include capital and land costs. It is possible that other Asian countries have lower labor costs than China and therefore have comparative advantage in the production of rice. But even countries were labor is more expensive can also have a comparative advantage in the product of rice due to lower capital and/or land costs.