Answer:
Ten pounds of chicken to trade for at least <u>40</u> pounds of vegetables but not more than<u> 50</u> pounds of vegetables
Explanation:
Vegetables Chicken Trade Off Ratio
John 40 10 4:1 (40/10) or 1:0.25 (10/40)
George 25 5 5:1 (25/5) or 1:0.20 (5/25)
John has comparative advantage in Chicken and George has comparative advantage in Veggies because :
- John's chicken opportunity cost, in veggies < George (4<5). George's veggies opportunity cost, in chicken < John (0.20<0.25).
- George is more (5X) productive in veggies than chicken, than John (4X). John is less unproductive in chicken than veggies (1/4th), compared to George (1/5th).
So, John will sell Chicken to George & George will sell veggies to John. Gains from trade are when each get trade ratio better than their their own trade off ratio.
- It implies: John gets >' 4 pounds veggies per chicken pound' and George gets > '0.20 pound chicken per veggie pound'.
- Unitary method:- '1chicken : 4veggies' = '10chickens : 40veggies' and '0.20chicken : 1veggie' = '10chickens : 50 veggies' .
Management accounting is the process of measuring and
analyzing financial and non-financial information that is relevant to the
company. This is an important part of the
Controller’s function in an organization since the Controller directly reports
to the chief financial officer. The report contains pieces of information which
contributes in making strategic decisions to achieve the goal of the
organization.
Answer:
46,000 ending cash balance
Explanation:
50,000 Ariel Investment
+ 10,000 cash revenues
- 14,000 cash expenses
46,000 ending cash balance
(assuming no other transaction impacted the cash account)
When you are asked for a ending value, you should identify first, if there is a beginning value, something which start the balance of the account.
Like inventory in hand, supplies in hand, equipment, accounts payable
Then you have to figure out which trasnaction incresae the balance
and which decrease it.
<u>Finally you put them together:</u>
<em>beginning + increase - decrease = ending</em>
Answer:
Please find the income statement below;
Explanation:
<u>Single step Income statement</u>
Revenues
Net sales 2,419,200
Interest revenue 39,300
<em>Total revenues 2,458,500</em>
Expenses
Cost of goods sold 1,464,600
Admin. expenses 216,400
Selling expenses 294,800
Interest expense 46,000
<em>Total expenses 2,021,800</em>
<em><u>Net Income </u></em><em> </em><u><em>436,700</em></u>
Answer:
1. Owners of diminutive businesses located nearby.
As Wal-Mart offers comparatively low prices for the products, more and more customers will be magnetized to it and hence the minuscule businesses can lose their customers. But the overall business of the local area will increment as more people will come to buy in the Wal-Mart, after shopping in the Wal-Mart, they can stop for victualing street-aliment or do some street shopping or take some accommodations from street like shoe-polishing and all. Due to the Wal-Mart in the area, there will be demand for genuine estate as people will ask for the house near Wal-Mart.
2. Town denizens and denizens of nearby towns.
Town denizens will be ecstatic as they can find most of the things they optate under one roof. Due to this, they can preserve their time and mazuma. But there can be negative effects on environment, as so many trees are being cut to build a building and parking space. There can be incremented noise and air pollution due to the customers’ conveyances. Town denizens fear that there can be a sexual discrimination while giving employment and salaries.
Explanation:
Hope this helps
