Marketing involves which of the following : A. Advertising B. Transporting products C. Taking surveys D. All of the above

If we assume that both countries specialize according to their comparative advantage, then how do we find a terms of trade that

levacccp [35]

Answer:

The best way to find terms of trade that will ensure that two entities are in the best terms of trade will be to look at the opportunity costs of the various products they produce.

A high opportunity cost in one product relative to that of the other entity means the entity with the higher opportunity cost should be trading with the entity with the lower opportunity cost and vice versa.

For example, assume that an entity "A" produces both rice and beans whilst an entity "B" also produces rice and beans too.

If the opportunity cost to A of producing Beans is 300 bags of rice whilst the opportunity cost to B of producing Beans is 120 bags of rice, and the opportunity cost to A of producing rice is 180 bags of beans whilst it is 250 bags of beans to B, the principles of comparative advantage require that A should focus more on producing rice and purchase beans from B whilst B should focus more on producing beans and purchase rice from A.

Cheers!

4 0

2 years ago

What is one example of service that a bank or credit offers

Anna007 [38]

a credit unionis a financial institution that is owned and controlled by its members rather than shareholders. The members of the credit union pool their deposits and provide loans and other financial services to each other.

5 0

2 years ago

Business Information Management 1a: Introduction / Unit 2: The Finances of Business

Y_Kistochka [10]

The finances of businesses involve several things, including:

Revenue and profit.
Costs and expenses.
Budgets.

<h3>What are some components of finance in business?</h3>

The financial aspect of a business is hugely important to the success of the business because it involves making a profit which is the sole purpose of business.

In order to be successful in business, one needs a good financial plan. This plan will predict the revenue that the company should be earning in order to make profit.

It should also include the various costs and expenses that the business will incur as it engages in business. This financial plan usually comes in the form of a budget which provides ideas on how a business should spend money.

Note: Question was incomplete so a general overview of business finance was given.

Find out more on business finance at brainly.com/question/1265337.

5 0

1 year ago

Read 2 more answers

Which of these tax forms reports an employee's yearly Social Security tax withheld? A. W-4 B. W-3 C. W-1 D. W-2

igor_vitrenko [27]

I’m pretty sur it’s W-2

4 0

2 years ago

Read 2 more answers

Computer equipment (office equipment) purchased 6 1/2 years ago for $170,000, with an estimated life of 8 years and a residual v

Simora [160]

Answer:

depreciation expense 10,000 debit

acc dep office equipment 10,000 credit

<u>If sold at 40,000 dollars </u>

acc dep office equipment 130,000 debit

cash 60,000 debit

office equipment 170,000 credit

gain at disposal 20,000 credit

<u>If sold at 25,000 dollars </u>

acc dep office equipment 130,000 debit

cash 25,000 debit

loss at disposal 15,000 credit

office equipment 170,000 credit

Explanation:

depreciation expense using straight line method

(cost - salvage value) / useful life = depreciation expense

(170,000 - 10,000) / 8 = 20,000

half year depreciation: 20,000 x 1/2 = 10,000

book value:

170,000 - 6.5 year of depreciation

170,000 x 6.5 x 20,000 = 40,000

sales price: 60,000

gain = 20,000

if sold at 25,000 then:

25,000 - 40,000 0 -15,000 there will be a loss at disposal

4 0

2 years ago