Answer:
Buyers opportunity cost for non genetically modified food was alternative food available before 2008
Explanation:
opportunity cost simply means cost of alternative forgone. Example if one purchases a car and utilizes for a taxi, his opportunity cost could be the value he would have received for his investment if he had bought a truck and used it for loading cement for building projects. We apply this to the question above and so the opportunity cost is alternative of non genetically modified food available that would have been bought before 2008
There are many types of investments. Some of them the given types of investment in the list.
A. Property are ownership investments. They are Real estate investments ( houses, apartment buildings, townhouses, and vacation houses. )
<span>They are the most volatile and profitable class of investment.
B. Bonds are lending investments. when </span>an investor effectively is loaning money to a company or agency (the
issuer) in exchange for periodic interest payments plus the return of
the bond’s face amount when the bond matures.
C. Staring a business - this is not an investment, but a whole process that needs investments to be realized.
D. Mutual funds are investment <span>funds
collected from many investors for the purpose of investing in
securities such as stocks, bonds, money market instruments and similar
assets.</span>
The order from the least risky to the most risky investment is:
B. Bonds
D. Mutual funds
A. Property
C. Starting a business
Answer:
50 cartons of eggs
Explanation:
The comparative advantage is a principle in which a country specializes in the production a good in which it has a lower opportunity cost than others.
Bottles of milk cartons of eggs
India 15 50
Indonesia 25 35
In this situation, the opportunity cost for India of producing 1 bottle of milk is producing 3.33 cartons of eggs. The opportunity cost for Indonesia of producing 1 bottle of milk is producing 1.4 cartons of eggs. This means that Indonesia has a lower opportunity cost and a comparative advantage in producing bottles of milk.
In the other part, the opportunity cost for India of producing 1 carton of eggs is producing 0.3 bottles of milk and the opportunity cost for Indonesia of producing 1 carton of eggs is producing 0.71 bottles of milk. This means that India has a lower opportunity cost and a comparative advantage in producing cartons of eggs.
According to this, India would specialize in producing eggs as it has a comparative advantage and the country will produce 50 cartons of eggs.
Answer:
1. Understand difference in the reporting manner for Management Accountants and Financial Accountants.
2. Refer to Company policy documents and International Reporting Standards to clearly expose the difference.
3. Consult with other co-workers on who the information is intended and agree on whose opinion to base the reporting.
Explanation:
Management Accountants or CMA prepare Financial Statements for Management use and there are no Statotory or Strict guidelines on how these statements are prepared.
Whilst Financial Accountants prepare Financial Statements for External reporting and have to abide by the Reporting Standards (either GAAP or IFRS).
So, they will be always be differences in the manner of reporting.
The solution is to understand the user of those statements that are being prepared and <em>take the opinion that meets those users needs</em>.
