Answer: We have assumed constant returns to scale.
Explanation:
Comparative advantage simply stated that an economy should produce the goods whereby the said economy has a lower opportunity cost than its counterpart.
Based on the analysis in the question, the inaccurate assumption is that we have assumed constant returns to scale. This means that an increase in the inputs such as capital and labour which are used in producction will also cause an identical increase in output. In reality, this isn't always true.
Answer:
B. 9.0 times.
Explanation:
Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable
Net credit sales = <em>$7,200,000</em>
Average accounts receivable = (beginning AR - ending AR) /2
Average Accounts receivable = ($820,000 + $780,000)/2
Average AR = <em>$800,000</em>
Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times
<span>The correct answer is She can use a complex query linking student scores by name and available study period, then sort the data and group it. By doing this, she would have used both tables to make a decision on how to group the students for a review class.</span>
Answer:
The amount of credit sales during may is $62,400.
Explanation:
credit sales = accounts receivable balance on 31 may + total credits to accounts receivable - accounts receivable balance on 30 april
= $27,000 + $68,800 - $33,400
= $62,400
Therefore, the amount of credit sales during may is $62,400.
Answer:
$3,000 understated
Explanation:
The computation of the working capital in case of no correcting entries made is shown below:
= Depreciation Expense for 2020 - depreciation expense for year 2021 - ending inventory for 2021
= $18,000 - $6,000 - $9,000
= $3,000 understated
While there is no additional errors occurred and no correcting entries passed so in this the $3,000 is understated by above calculation
