A new product could be something like a track on a table for special occations where you have a really long table and things need to be passed back and forth. you put the plate or dish on the track and press the button for it to be slowly moved down the table and stop it whenever it gets to the next person who whats it. This prevents hot and heavy plates having to be passed infront of people of over people etc.
Answer:
The correct answer is c) rises.
Explanation:
Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally participate in the international market. In this sense, it can boost its foreign trade.
It is then the basic idea that countries choose to specialize in order to trade in activities where they have a certain advantage. That is, instead of producing what they do best in an absolute way, they produce what they do best in a relative way. Therefore, the difference with the theory of absolute advantage is that it does not produce what the country costs less, but the one with lower comparative costs.
Answer:
Deflation; 10%
8; 9 basket of goods
rises
Explanation:
Given that,
Price of a basket of goods in year 1 = $10
Price of the same basket in year 2 = $9
There is a fall in the price level from year 1 to year 2, hence, this is known as the deflation in an economy.
Deflation rate:
= [(Price of a basket of goods in year 1 - Price of the same basket in year 2) ÷ Price of a basket of goods in year 1] × 100
= [($10 - $9) ÷ $10] × 100
= 10%
In year 1,
$80.00 will buy:
= $80 ÷ Price of a basket of goods in year 1
= $80 ÷ $10
= 8 baskets of goods
In year 2,
$80.00 will buy:
= $80 ÷ Price of a basket of goods in year 2
= $80 ÷ $9
= 8.9 or 9 baskets of goods
Therefore, this example indicates that as the price of the goods falls then as a result the value of money rises because with the lower price level, a person can purchase more quantity of goods.
Answer:
true
Explanation:
Financing is the process of moving providing funds to run the business activities, making purchasing or investing.
Example: the company can raise fund by issuing bond or share. this is one of the financing activities
the company also can find venture capital and angel investor to get fund to run the business. it also consider as financing activities
Answer:
See explanation section.
Explanation:
The journal entry to record the failure of paying note receivable which is dishonored by pope, is as follows:
December 1, Accounts receivable Debit $10,500
Notes receivable Credit $10,000
Interest receivable Credit $500
Calculation: Interest receivable = $10,000 × 10% = 1,000 × 6 ÷ 12 = $500
If a customer pays the bill later, a new interest will have to pay to the seller.
