Answer:
The answer to this question is (c) Labour, Labour intensive
In the 2-factor, 2-good Heckscher-Ohlin model, the country with a relative abundance of labour will have a production possibility frontier that is biased toward production of the labour intensive good
Explanation:
The Heckscher-Ohlin model is an economic theory that proposes that countries export what they can most efficiently and plentifully produce.
The model emphasizes the export of goods requiring factors of production that a country has in abundance. It also emphasizes the import of goods that a nation cannot produce as efficiently. It takes the position that countries should ideally export materials and resources of which they have an excess, while proportionately importing those resources they need.
Therefore in regard to the question above,
In the 2-factor, 2-good Heckscher-Ohlin model, the country with a relative abundance of labour will have a production possibility frontier that is biased toward production of the labour intensive good
Hence the answer is the third option, Labour, Labour intensive
Answer:
break even point in unit =5440 units
break even point in sales = $544000
total sale = $680000
Explanation:
given data
Current operating income = $34,000
Selling price = $100
margin ratio = 25%
to find out
Bay Area Cycle’s break even point in units and total sales dollars
solution
we get here first break even point that is express as
break even point in unit = 
..................1
break even point in unit = 
break even point in unit =5440 units
so
break even point in sales = 
..................2
break even point in sales = 
break even point in sales = $544000
and
total sales will be
total sale = 
..................3
total sale = 
total sale = $680000
<u>Answer:</u>
The statement that says a code of conduct should be worded in terms of forbidden action rather than acceptable behaviour is false.
<u>Explanation:</u>
The judicial acts and laws that prohibit unlawful actions and the code of conduct that provides information about the ideal and acceptable behaviour that are distinct from each other in terms of wording that is used to draft them. A judicial act mentions what is not to be done and a code of conduct mentions what is to be done.
Answer:
1. Determine the amount of the adjusting entry for uncollectible accounts. $850
Dr Bad debt expense 850
Cr Allowance for doubtful accounts 850
2. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.
- accounts receivable $430,000
- allowance for doubtful accounts $4,850
- bad debt expense $4,850
3. Determine the net realizable value of accounts receivable.
- $430,000 - $4,850 = $425,150
Explanation:
accounts receivable balance $430,000
allowance for doubtful accounts balance $4,000
total sales for the year $1,940,000
total bad debt expense = 0.25% x $1,940,000 = $4,850
adjusting entry = $4,850 - $4,000 = $850
