Answer:
The Micro Islands have a comparative advantage in producing botanical soaps.
Explanation:
Comparative advantage can be defined as the ability of an economy to produce a good at lower opportunity cost than other economies. This enables the economy sell the product at lower prices, therefore having higher margin of profit than other economies.
The opportunity cost of Micro Island in producing 300 botanical soaps is the cost of producing 30 bamboo towels. The opportunity cost is quite low.
While for Macro Island the opportunity cost of producing 500 botanical soaps is 250 bamboo towels. The opportunity cost is higher than for Micro Island.
Answer:
B. ordinal scale
Explanation:
1.Use the direct write-off method to journalize Peterson’s write-off of the uncollectible receivables.
2.What is Peterson’s balance of Accounts Receivable at February 28, 2014?
Answer:
1) Bad debt expense (Debit) 1,800
Accounts receivable (Credit) 1,800
2) $12,200
Explanation:
1) Write off method of accounting directly credits accounts receivable instead of creating a provision for doubtful debt. Therefore following entry is recognized
Bad debt expense (Debit) 1,800
Accounts receivable (Credit) 1,800
2) Ledger balance of accounts receivable is $ 12,200 calculated as follows:
Opening Balance (31 January 2014) 15,000
Add: Sales on account during February 18,000
Less: Collection during February (19,000)
Less: Written off (1,800)
Balance at 28 February 2014 $12,200
Answer: $12,000
Explanation:
Only the $12,000 will be reported in Statement of Activities ( the financial statement used to report revenues and expenses for governmental and business-type activities) as a change in net position for business-type activities.
Why?
The Water Entreprise Fund is the only listed fund type listed that would fall under BUSINESS TYPE because it is an ENTREPRISE Fund. The Motor Pool Internal Service falls under GOVERNMENT ACTIVITIES and the Pension Find is only displayed in the Fund Financial Statements.
Because the Water Entreprise Fund is the only fund here concerned with BUSINESS TYPE activities, it's rise by $12,000 is what will be reported as the Net Change.
Answer:
8.7
Explanation:
Sales = $93,000,000
Gross profit margin = 45%
Gross profit= 45%*93,000,000 = $41,850,000
Gross profit = sales - cost of goods sold
Cost of goods sold = Gross profit + sales = 41,850,000 + 95,000,000 = $53,150,000
Inventory turnover = cost of goods sold/inventory
Inventory = $52,250,000/6.3= $8,436,508
Given:
Total Inventory = $8,436,508
Unsalable items = $2,300,000
We have the formula:
Good inventory = Total Inventory - Unsalable items = $8,436,508 - $2,300,000 = $6,136,508
The inventory turnover ratio the good inventory must maintain in order to achieve an overall turnover ratio of at least 6.3 (including the unsalable items) is
53,150,000/6,136,508 = 8.7
b. False
Answer:
True
Explanation:
Market segments are customer groups, based on common characteristics people within each group share, such as; age, sex, geographic location, race, religion.
The significant increase in the number of green (or environment) conscious consumers make it a legitimate market segment that can be targeted by companies.