Answer:
100 bushels of oranges
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
for Greece
opportunity cost of producing oranges = 20 / 100 = 0.2
opportunity cost of producing tomatoes = 100/ 20 = 5
For turkey
opportunity cost of producing oranges = 30 / 40 = 0.75
opportunity cost of producing tomatoes = 40 / 30 = 1.33
Greece has a comparative advantage in the production of oranges. If it specialises in the production of oranges, it would produce 100 bushels
Greece has an advantage in producing oranges i.e. 100 bushels of oranges.
What does the opportunity cost?Opportunity cost is often regarded as an opportunity lost because it means the loss of cost while selecting one alternative in place of another.
Given: Oranges or Tomatoes
Greece = 100 bushels 20 bushels
Turkey= 40 bushels 30 bushels
1. Calculation for Greece=
opportunity cost of oranges production= 20 / 100 = 0.2
opportunity cost of tomatoes production = 100/ 20 = 52.
2. Calculation for Turkey=
opportunity cost of oranges production = 30 / 40 = 0.75
opportunity cost of tomatoes production = 40 / 30 = 1.33
By the above calculations, we can say that Greece has a comparative advantage in the production of oranges. If it specializes in producing oranges.
Therefore, the above calculation shows that Greece has an advantage in producing oranges.
Learn more about opportunity costs here:
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______ involves building relationships and sharing information with colleagues who can help managers achieve the items on their agendas.
Answer:
networking
Explanation:
Networking can be understood as a network of relationships that an individual builds through their professional life, and which can be very beneficial for sharing information and communications relevant to the business, as well as other professional issues, such as aiming for a new job vacancy, achieve professional promotion, etc.
Building a positive relationship with co-workers will always be beneficial in a worker's life, because through interpersonal relationships you can become a reference through your professional achievements, which can open doors and bring prominence to your career.
Rimi currently earns $3300 per month. She has the following monthly debt payment expenses: $80 for credit cards, $130 for student loans, and a $215 car payment. She is looking to buy a house. The monthly mortgage, including principal, insurance, taxes, and insurance is $1221. Does Rimi pass the FHA total fixed payments to income ratio requirement
Answer:
No, her ratio is greater than 37%
Explanation:
Given:
Monthly income = $3,300
Credit card expenses = $80
Student loan expenses = $130
Car payment = $215
All insurances = $1,221
Computation:
Total debt to income ratio = Total debt / Total income
Total debt to income ratio = (80 + 130 + 215 + 1221) / 3300
Total debt to income ratio = 49.87%
Housing payments to income ratio = All insurances / Monthly income
Housing payments to income ratio = (1221) / 3300
Housing payments to income ratio = 37%
No, her ratio is greater than 37%
Derrick has accepted a job in another state. His wife, who is not employed, is not happy about moving but doesn't have a choice. This is an example of:
Answer: A Fate control
Explanation:
Fate control is used to describe a situation where one person controls how the life of another person will go or rather their fate. This is very prevalent in relationships where a person is the sole breadwinner or in relationships where a person is the legal guardian of another.
The breadwinner or the guardian has fate control over those depending on them. In this case, Derrick has fate control over his wife as his activities such as taking a job in another state, dictate what his wife is to do which is to follow him to that state.
Required-: JOURNAL ENTRY (ACCOUNT)
Paid Rs. 28,000 to Sansee stores in fullsettlement of Rs. 30,000 by cheque please help Me with this. I'm still confused in it.
- Hey there , ronisha!
Answer:
[tex] \large{ \tt{SEE \: THE \: ATTACHED \: PICTURE}}[/tex]
[tex] \large{ \tt{E \: X \: P \: L \: A \: N \: A \: T \: I \: O \: N}} : [/tex]
Full settlement generally means DISCOUNT ALLOWED. Firstly , Read out the question and try to understand. It says we purchased some stuffs of Rs 30000 from the sansee stores and we payed Rs 28000 in full settlement which implies that we received the discount of Rs 30000-28000 i.e Rs 2000. You must have known the rules for debit and credit. As we know In case of personal account , Debit : The receiver , We have sansee stores as the receiver so we placed it in debit side. Remember: When the question says that the cash is payed through cheque , you should always consider cheque as a bank. Now , In the case of personal account , Credit : The giver. Who's the giver? Of course , bank! So , we placed it in credit side. Now , In case of nominal account , Credit : the incomes or gains . The question says we received the discount so obviously it's not expenses. So, We placed discount received in credit side. You must have studied that Every debit should have equal credit. And we're done!- Hope this helps! Please let me know if you have any questions regarding my answer and also don't hesitate to reach out to me if you need any other help! :)
Adam smith suggested that increase competition will allow prices to be kept
A. Umeasurable
B. High
C. Low
D. None of these
The argument of Adam Smith was that if there was competition, it would allow prices to be kept C. Low.
Who was Adam Smith?He was a leading economist in his day and has been credited with coming up with the Absolute Advantage theory.
He supported competition in the market because he claimed that more suppliers would equal a lower price as they competed for customers.
Find out more on Adam Smith at https://brainly.com/question/50.
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You are working several plans and community organizations to sponsor an educational event. When putting together advertisements for this event, what should you do
Answer: Ensure that the advertisements indicate it is an educational event
Explanation:
Defining an advert and tailoring it's message to the exact plan you want is really important. where this can be implemented well is with the contents the advert is done. The content drives home the message, if the content is not designed to meet what you want or it's target audience well, it would drive a different message.
When putting together advertisements for this event, you should ensure that the advertisements indicate it is an educational event unless it would be seen as a marketing program, you can ensure this by the content through the content displayed
If the number of suppliers increase, the supply curve will shift to the ________ and the price will ________.
Answer:
Rightwards; Fall
Explanation:
Rightwards; Fall
The increased number of sellers or suppliers will increase the supply in the market. Resulting the supply curve will shift rightwards and with the shift in the supply curve, the price will fall because of the more availability of goods in the market.
What is offshoring and why is it a cause of structural unemployment in the United States?
A. It is when new resources replace old resources which leads to shutting down mines and plants.
O
B. It is when consumers stop buying one product in favor of another which means eliminating factories.
о
C. It is when new inventions and ideas push out older ways of doing things which means closing markets.
O
D. It is when companies relocate facilities to countries where costs are lower which means relocating jobs.
Answer:
O D. It is when companies relocate facilities to countries where costs are lower which means relocating jobs.
Explanation:
Offshoring is when companies make foreign countries their company's base. In other words, we can say offshoring is the practice of placing one's company based in other countries. Like, when US-based companies are based in India, that means offshoring.
This professional practice is an example of structural unemployment in the US because it means relocation of the jobs, thereby resulting in employees moving to the "offshore" base.
Thus, the correct answer is option D.
When Dunkin Donuts decided to expand into the international markets of India, Japan, and Argentina, management realized that there would be significant differences in the standards of living, credit, buying power, and income distribution in those countries. Dunkin Donuts is currently examining the ____ forces in its environmental analysis.
Answer:
economic
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Thus, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Economic forces can be defined as the factors that influence and determine the level of success, competitiveness and the direction of the economy in which a business firm operates in
In this scenario, Dunkin Donuts is currently examining the economic forces in its environmental analysis.
Basically, economic forces include the inflation rate, standards of living, unemployment rate, credit, law, purchasing power, tax rates, government policies, and income distribution of a particular country.
Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $17,025. Clayborn's May bank statement shows $15,800 on deposit in the bank. Determine the adjusted cash balance using the following information:
Answer:
Adjusted bank balance $16,400.
Adjusted Cash balance $16,400.
Explanation:
Preparation of a bank reconciliation.
Bank Statement Balance ($15,800)
Add deposits in transit" ($5,200)
Deduct "outstanding checks" ($4,600)
Adjusted bank balance $16,400
Cash Account ($17,025)
Deduct charges/fees ($25)
Deduct NSF checks ($600)
Adjusted cash balance $16,400
A company is considering two investment projects. Both have an initial cost of $50,000. One project has even cash flows and the other uneven cash flows. Which evaluation method would be most appropriate
Answer:
Net present value
Explanation:
From the question we are informed about A company who is considering two investment projects. Both have an initial cost of $50,000. One project has even cash flows and the other uneven cash flows. The appropriate evaluation method would be Net present value.
Net present value (NPV) can be regarded as difference that exist between the present cash outflows value as well as present cash inflows value in particular period of time. NPV can be engaged in capital budgeting as well as investment planning so that the profitability of a projected investment as well as a project can be analysed.
In the context of Web marketing, the _____ is computed by dividing the number of clicks an ad gets by the total impressions bought.
Answer:
Click-through rate
Explanation:
In the context of Web marketing, the click-through rate is computed by dividing the number of clicks an ad gets by the total impressions bought.
A company is considering a capital investment of $45,000 in new equipment which will improve production and increase cash flows by $15,000 per year for 6 years. The payback period is years.
Answer:
3 years
Explanation:
Calculation to determine The payback period
Using this formula
Payback period=Capital investment/ Increase cash flows
Let plug in the formula
Payback period=$45,000/$15,000
Payback period=3 years
Therefore The payback period is 3 years
An open-market sale of securities by the Fed results in ________ in reserves and ________ in the supply of money.
Answer:
increase; increase
Explanation:
In the case of the sale of securities in the open market, there is an increase in reserves also there is an increase in the supply of money as in the fed purchase and sells the securities in order to control the money supply and the rate of interest.
Therefore as per the given situation, the above should be the answers that could fill the blanks
Which of the following describes the proper treatment of discontinued operations on the income statement.
A. Discontinued operations are included as part of income from continuing operations.
B. Discontinued operations are a separate line item, but tax is applied to total net income.
C. Discontinued operations are a separate line item reported net of tax.
Answer:
C. Discontinued operations are a separate line item reported net of tax.
Explanation:
In the United States of America, the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP) usually considers or acknowledges material losses that are unusual in character incurred by businesses. It is necessary to report items that are unusual in character because it gives auditors or financial experts clarity on which profits or losses are not related to the operation of the business.
Discontinued operations can be defined as the income statement category that is used for reporting a disposal of a component of a business.
According to the GAAP, the proper treatment of discontinued operations on the income statement is that discontinued operations are a separate line item reported as a net of tax.
On the other hand, the income from continuing operations is a net income from an organization's continuous operation.
Although monetary policy cannot reduce the natural rate of unemployment, other types of government policies can. a. True b. False
Answer:
False
EXPLANATION:
During the period after a real estate sales contract is signed, but before title actually passes, the status of the contract is
Question options:
a. voidable
b. executory
c. unilateral
d. implied
Answer:
b. executory
Explanation:
Executory means something that is yet to be finished or concluded so that it becomes valid. An executory contract is in the process of being completed and is therefore considered invalid until it is fully assuredly finished, signed, sealed and delivered.
An executory contract between two parties means contract has been signed but duties promised by either or both parties is yet to be fulfilled and will be done at a later date for contract to be fully executed.
Earline rented a drilling machine from Quatero Rental Corp. While Earline was drilling as instructed by the product manual, the drill bit snapped and injured her seriously. A thorough examination of the broken drill bit showed that it had a flaw that caused it to snap under intense heat or pressure. Under these circumstances, Quatero will _____.
Answer:
The options are
A. be held liable for Earline's injuries because a bailment for the sole benefit of the bailee was created
B.be held liable for Earline's injuries if it knew of the flaw in the drilling machine when it rented it to Earline, but failed to warn her of the defect
C.not be held liable for Earline's injuries because both Quatero and Earline share mutual benefits from the bailment
D.not be held liable for Earline's injuries because it is a private contract carrier and is held to a lower level of responsibility
The Answer is B. be held liable for Earline's injuries if it knew of the flaw in the drilling machine when it rented it to Earline, but failed to warn her of the defect
The drilling machine having a fault and Quatero Rental Corp. being aware of it and not telling Earline about it means the company is at fault and will be held liable for any form of injury or death it poses. This is because it’s their responsibility to ensure goods and services being rendered are safe for use and consumption and it applies to all companies.
Margo is purchasing a home for $520,000. The property appraised at $550,000 and Margo is financing $416,000. What's the loan-to-value ratio
Answer:
Loan-to-value ratio = 0.8
Explanation:
Given information:
Purchase cost of house = $520,000
Property appraised value (House value) = $550,000
Margo finance (Loan amount) = $416,000
Find;
Loan-to-value ratio
Computation:
Loan-to-value ratio = Loan value / Purchase cost
Loan-to-value ratio = Margo finance (Loan amount) / Purchase cost of house
Loan-to-value ratio = 416,000 / 520,000
Loan-to-value ratio = 0.8
. My typing speed isn't as fast as I would like, but this position doesn't require me to use the computer. b. To tell the truth, I become frustrated with lazy coworkers who don't pull their own weight. c. I've worked hard to eliminate every weakness, and I am confident you will find me the perfect employee for this position. d. Some people complain that I'm a workaholic with nearly too much passion for this field.
Answer:
b
Explanation:
If the quantity of financial capital supplied is equal to the quantity of financial capital demanded then, the national savings and investment identity is written as (M - X) - S
Answer:
False
Explanation:
If the quantity of financial capital supplied is equal to the quantity of financial capital demanded then, the national savings and investment identity is written as S + (M - X) = I + (G - T)
Where S = Private sector saving.
I= Private sector investment.
G= Government spending.
T=Government income, i.e. tax.
X =Exports.
M=Imports.
Bambi is buying a property on an installment sales contract. Due to her financial interest in the property, she retains equitable title. What does the seller retain
Answer:
Legal title
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement and this is generally referred to as mutual assent
In this scenario, Bambi purchased a property using an installment sales contract.
An equitable title can be defined as the right of an individual to use and enjoy an asset (property) due to his or her financial interest in the asset.
On the other hand, a legal title can be defined as the actual (absolute) ownership of a property that is recognized and enforceable in a court of competent jurisdiction.
Hence, Bambi would retain an equitable title from the purchase of the property due to her financial interest in this property while the owner of the property (seller) retains a legal title.
A contract is defined as an agreement that defines and binds the personally legally. It may involve the exchange of goods and services.
Since he is buying a property on an installment of the sales contract which due to her financial insurers in the property remain entitled is know as the legal title. It represents the actual ownership of the proper and is visible by the public records.Learn more about the due to her financial interest in the property
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A proposed area rezoning amendment will change land use from residential to manufacturing. Several homes are already located within the area proposed for rezoning. If the current zoning is amended, the residences will probably
Answer:
Become a preexisting nonconforming use
Explanation:
Zoning
This is simply defined as a known form of work or exercise of power which is in relation to the health, safety, welfare, and morals of the public and cannot be unreasonable or arbitrary .
The reason for zoning is territorial division that is in line with the character of the lands and structures and their unique usefulness for particular uses, and uniformity of use within the division.
Rezoning
This is simply defined as the altering (changing) the zoning classification to allow new and for different uses. It can be said to be adminstrative or legislative.
Zoning Challenges includes:
1) It does not conform to General Plan
2) There is no authority to regulate
3) Spot Zoning
4) Contract Zoning & Development Agreements etc.
Pre-existing Legal/Nonconforming Uses
The Pre-existing legal uses of land is said to be valid after a zoning change. Non-conforming uses may be iincreased or intensified only if they highly/adversely affect the community. They cannot be enlarged or changed.
The contract Jack is signing has a clause that protects his assets from a deficiency judgment in case of foreclosure. What is this called?
Answer:
exculpatory clause
Explanation:
Exculpatory clause in contracts is a clause that protects the person issuing it from liabilities of damages to an asset that may not be in their possession or out of their control. It prevents one party from the holding the other liable for damages to an asset during the execution of a contract. This is what Jack has done to protect himself from the liabilities that may result from any damages during the contract.
Sun Petroleum Corp. recently moved its operations from Galveston, Texas, to Somalia. The decision to move was the result of new federal regulations regarding clean air standards that all petroleum corporations are subjected to. A critic of globalization would say this example demonstrates what concern
Answer:
Facilities in advanced nations are moving to less developed countries that have lower environmental regulations.
Explanation:
The move from Texas to Somalia seem to be one which aimed at allowing the company to operate under less strict regulations especially legislations regarding environmental pollution and degradation owing to ozone layer depletion and climate change resulting from high carbon emission. Petroleum processing generates a lot of carbon and strict federal regulations have been established in other to control emission in most developed countries such as Texas where Sum petroleum operates. Therefore Sun petroleum's move to Somalia will be seen as one which is aided by the company's desire to operate under less strict environmental guidelines.
Smith Company produces and sells one product for $40 per unit. The company has no beginning inventories. Its variable manufacturing cost per unit is $18 and the variable selling and administrative expense per unit is $4. The fixed manufacturing overhead and fixed selling and administrative expense total $80,000 and $20,000, respectively. If Smith Company produces 8,000 units and sells 7,500 units during the year, then its net operating income under variable costing would be
Answer:
$35,000
Explanation:
net operating income under variable costing would be calculated by preparing income statement under variable costing.
Smith Company
income statement under variable costing system
Sales (7,500 x $40) $300,000
Less Cost of Sales (7,500 x $18) ($135,000)
Contribution $165,000
Less Expenses
selling and administrative expense ($4 x 7,500) ($30,000)
fixed overheads :
manufacturing ($80,000)
selling and administrative expense ($20,000)
Net Income $35,000
Institutions that help to match one person's saving with another person's investment are collectively called the
Answer:
Financial system
Explanation:
The elasticity coefficient is determined by looking at the percentage change in quantity divided by the percentage change in price. With that in mind, if the price of gasoline changes by 20% and there is a corresponding 10% change in quantity demanded, what is the elasticity coefficient
Answer:
Elasticity coefficient = 0.5
Explanation:
Elasticity coefficient = percentage change in quantity demanded / percentage change in price
percentage change in price if gasoline = 20%
percentage change in quantity demanded = 10%
Elasticity coefficient = percentage change in quantity demanded / percentage change in price
= 10% / 20%
= 1/2
= 0.5
Elasticity coefficient = 0.5
In a closed economy, if Y remained the same, but G rose, T rose by the same amount as G, and C fell but by less than the increase in T, what would happen to private and national saving
Answer:
private saving would rise and national saving falls
Explanation:
private saving is income - consumptiioon= Y-C
if consumption c falls, private saving is going ton rise
public saving is T-G
as G goes up, T-G which is public saving would reduce or fall.
Given that the fall in c is smaller than the rise in G, the rise in private saving would smaller than the fall in public saving.
national saving is change in private saving + change in public saving
given that change in private saving is less than that of public saving, national saving would be negative.
what are the types of cheque
Answer:
Bearer Cheque.
Order Cheque.
Crossed Cheque.
Open Cheque.
Post-Dated Cheque.
Ante Dated Cheque.
Stale Cheque.
Traveler's Cheque.
Answer:
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Explanation:
Bearer Cheque.
Order Cheque.
Crossed Cheque.
Open cheque.
Post-Dated Cheque.
Stale Cheque.
Traveller's Cheque.
Self Cheque.
