D). Regardless of what Oceanic knew or could have discovered
Activity-based costing considers ________ to be the fundamental cost object.
Why is it important to take a college entrance exam
You may know college admission tests by name — the SAT, SAT Subject Tests and the ACT. These tests, also called college entrance exams, are designed to measure students' skills and help colleges evaluate how ready students are for college-level work.
France and England both produce wine and cloth under conditions of constant opportunity costs. France can produce 150 barrels of wine if it produces no cloth or 100 bolts of cloth if it produces no wine. England can produce 50 barrels of wine if it produces no cloth or 150 bolts of cloth if it produces no wine. When international trade takes place, each country specializes in the production of the good in which it has a comparative advantage—1 barrel of wine exchanges for 1 bolt of cloth—and France exports 50 units of wine. We can conclude that France produces ________ units of wine and ________ units of cloth and that France consumes ________ units of wine and ________ units of cloth.A)150; 100; 100; 100B)150; 0; 100; 50C)150; 0; 50; 50D)0; 100; 50; 50
The correct answer is option B.
France can produce 150 barrels of wine or 100 bolts of cloth.
England can produce 50 barrels of wine or 150 bolts of cloth.
The opportunity cost of producing a barrel of wine for France
= 0.66 bolts of cloth
The opportunity cost of producing a barrel of wine for England
= 3 bolts of cloth
France has a lower opportunity cost for producing wine, so we can say it has a comparative advantage in producing wine.
The opportunity cost of producing a bolt of cloth for France
= 1.5 barrel of wine
The opportunity cost of producing a bolt of cloth for England
= 0.33 barrel of wine
England has a lower opportunity cost for producing cloth, so we can say it has a comparative advantage in producing cloth.
1 barrel of wine exchanges for 1 bolt of cloth and France exports 50 units of wine.
France produces 150 barrels of wine and 0 units of cloth. France consumes 100 units of wine and 50 units of cloth.
A sale of treasury stock may result in a decrease in paid-in-capital. All decreases should be charged to the Paid-In-Capital from Sale of Treasury account.a. true b. false
A loss making treasury stock sale will decrease the paid-in-capital account by the amount of loss only.
In case of Loss
Paid-In -Capital xxx
In case of Profit
Paid-In -Capital xxx
As Paid-In-Capital account is part of equity account and it has credit balance. Hence Paid-In-Capital balance will only be reduced in case of loss making treasury shares sale.
Chloe has a $15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 percent what is the real interest rate paid on the loan?
The nominal interest rate is defined as the interest rate before adjusting for inflation. It is the interest rate stated by lenders when issuing out loans. Inflation erodes the strength of a currency. For depositors to profits from their savings, the nominal rate must be greater than the inflation rate.
The difference between the nominal rate and the inflation rate is the rear rate of return. The rear rate is the actual gain or the cost of borrowing or savings. For chloe, the real rate is the amount the lender will be earning from the personal loan advanced to her. It is the nominal rate adjusted for inflation. The rate is 8 percent, minus 3 percent.
As a small business owner in today’s economy, what three financial reports would you use on a regular basis? What information would you find on each statement? What decisions might each statement help you make? Please provide specific examples.
Answer: Balance Sheet
Profit and Loss Statement
Cash Flow Statement
Balance Sheet or the statement of Financial Position is a report that shows the assets that your business owns against your equity and liabilities. This report can help you make asset purchasing decisions or decisions about how to fund the acquisition of new assets.
Profit and Loss Statement: shows a detail of the income your business has earned, the expenses you incurred to earn this income and your profit/loss. This report can help you figure out if your expenses are too high or the prices you charge for your goods/services are too low.
Cash Flow Statement: shows your liquidity position at different points during a financial period. This report is important as it allows you to see periods when you may need an extra inflow of funds to keep your business operational and can help you decide when to apply for bank loans or whether to delay the purchase of some assets.
Which of the following is not an example of income? wages food tips allowance.
Among the following the one which is not an example of income is Food. Thus the correct option is B.What is income?
An income is referred to as the amount gained by the individual on behalf of getting any work done. This income is an asset of an individual. The income helps an individual to increase their purchasing parity and standard of living.
An example of income is wages which are received by an individual on daily basis as remuneration. Allowance is also referred to as Income which is gained by an individual for profit gain. A tip is also a form of income given when the customer is satisfied with the service.
Income is an entity's ability to save and spend money over a certain period of time. For maintaining financial stability and making purchases as expenses, this is vital.
Therefore, option B is appropriate.
Learn more about income, here:
Explanation:Which of the following is not an example of income?
4) During 1995, the Mexican peso exchange rate rose from 5.33 peso/$ to 7.64 peso/$. At the same time, US inflation was approximately 3% in contrast to Mexican inflation of about 48.7%. a. By how much did the nominal value of the peso change during 1995
The real exchange rate was 7.69 pesos per dollar
while the nominal value changed to 7.64 from 5.33
a total increase of 2.31
We solve for the real exchange rate by multipling the spot exchange by the foreing inflation and dividing by the national inflation
Suppose the market for tortillas is initially in equilibrium, but then the equilibrium wage rate and the equilibrium quantity of labor both increased. What happened in the market for tortilla?
The supply of tortillas decreased