John, Jeff, and Jane decided to engage in a real estate venture as a partnership. John invested $100,000 cash and Jeff provided office equipment that is carried on his books at $82,000. The partners agree that the equipment has a fair value of $110,000. There is a $30,000 note payable remaining on the equipment to be assumed by the partnership. Although Jane has no physical assets to invest in the partnership, both John and Jeff believe that her experience as a real estate appraiser is a valuable skill needed by the partnership and is a basis for granting her a capital interest in the partnership.
Assuming that each partner is to receive an equal capital interest in the partnership,
A. Record the partnership formation under the bonus method.
B. Record the partnership formation under the goodwill method, and assume a total goodwill of $90,000.
C. Discuss the appropriateness of using either the bonus or goodwill methods to record the formation of the partnership.
Answers
A. Bonus method journal entries allocate the partnership bonus: Cash, Jeff's Equipment, Notes Payable, John's Capital, Jeff's Capital, and Jane's Capital. ($192,000 total).
B. Goodwill method journal entries include Cash, Jeff's Equipment, Notes Payable, and create a Goodwill account to represent the excess partnership value. ($330,000 total).
C. Bonus method is appropriate when Jeff's equipment is undervalued. Goodwill method is suitable if partnership value exceeds the sum of its parts.
A. Journal entries under the bonus method are: Cash 100,000.00 Jeff's Equipment 28,000.00 Notes Payable 30,000.00 John's Capital 64,000.00 Jeff's Capital 64,000.00 Jane's Capital 64,000.00 ($192,000 total).
B. Journal entries under the goodwill method are: Cash 100,000.00 Jeff's Equipment 110,000.00 Notes Payable 30,000.00 Goodwill 90,000.00 ($330,000 total).
C. The bonus method is appropriate since Jeff's equipment is worth less than it was carried on his books. The goodwill method is appropriate if the partnership's value is greater than the sum of its parts.
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Related Questions
Cost behavior ______. categorizes costs as fixed, mixed and variable is a detailed analysis technique used to determine whether costs are fixed or variable refers to how a cost will change as activity level changes is the relative proportion of each type of cost in an organization
Answers
Answer:
The correct option is;
Refers to how a cost will change as activity level changes
Explanation:
Cost behavior is defined as the specification of the manner in which cost will vary in total in response to a change in the activity of some other factors. There are three types of cost behavior as outlined in cost accounting and managerial accounting branches of accounting including;
1) Fixed cost; The fixed cost remains the same relative to the changes in activity
2) Variable cost; The variable cost varies with an increase or decrease proportionately with the level of activity
3) Semivariable or mixed cost; Mixed cost are partially fixed cost such as the cost of gaining maintenance of a power generating plant including the purchase of fuel.
The cost behavior refers to how a cost will change with change in the activity level. So, the correct option that matches with the statement quoted above is C.
Cost behavior refers to how the different types of cost are affected by a even a gradual change in the activities like production, distribution, manufacturing, etc.
Cost behavior do not affect the fixed costs of an organization as they are relative in nature and do not have much impact on the scales of operation of a business.The variable costs of an organization are affected when direct change is seen in the business activities like production, distribution and manufacturing, etc. These costs are subjective in nature.Mixed costs refer to as a fusion of of variable costs that are dependent on fixed costs that have an impact with a change in scales of operation of the business.
Hence, the correct option is C that the Cost behavior refers to how a cost will change with a change in the activity levels of the organization in a positive or a negative way.
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mention one Islamic song and recitation
Answers
Answer:
islamic song: SURAH AL IMRAN HOLY QURAN, BEAUTIFUL HOLY QURAN
I hope it helps you
why will the wages for apple pickers increase?
Answers
Answer:An increase in the demand for apples increases the demand for the labor force also increasing the prices for the apples. This results in an increase in wage for apple pickers due to work increment.
Explanation:pls braliant my answer
How does the work done by agriculture communications professionals compare to and differ from that of other marketing workers?
Answers
Answer:
Agriculture communications professionals need to have the same basic background on marketing, covering areas such as market research, product research, and market communication.
However, they will also need to have an agriculture-related background, because they need to understand the dynamics of the agriculture business, from farm issues, to the kind of crops or produce that they can buy or sell in a specific area, to even agricultural policy.
channels of distribution that involve the use of intermediaries_____
Answers
Channels of distribution that involve the use of intermediaries indirect distribution.
A distribution channel or also known as channel of distribution generally can be described as the method a company uses to get a service or also product into the hands of a consumer as efficiently and quickly as possible. On of the types of channel distribution is indirect distribution. Indirect distribution generally can be defined as selling wholesale to retailers or agents so that they can distribute the product for customer. There are several example of indirect distribution, such as the lumber manufacturer, the furniture maker, and the retailer.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Is it necessary to allocate resources?
Answers
Answer:
It depends on the context.
Explanation:
In the example of a government allocating resources to the country then yes. They would set budgets/allocate certain amount of resources to ensure there is enough resources for each department.
This is similar to how we manage finances on a daily or monthly basis (?) e.g. our parents give us pocket money every day so we have a limited funding and do not overspend
We then decide what we want to spend our money (allocating resources) on so we can get what we want to buy or what we want to save
17. Identify TWO aspect that may be an indication that you do not have time
management skills.
Answers
Bad time management causes low productivity since tasks aren't planned out or given priority. It may cause individuals to miss out on time from routine duties and finally result in burnout. Setting attainable goals is one of several strategies for enhancing time management abilities.
What contributes to students' bad time management?Some of the most common effects of poor time management among college students include lack of sleep, decreased academic performance, continuous procrastination, poor nutrition, and a higher risk of dropping out. Students frequently miss class, rush through tasks, and submit subpar work as a result.
How much does poor time management cost?You can end up working longer and longer hours to do your task as a result of poor time management, which will leave you exhausted, stressed, burnt out, and unwell with less time for your personal life.
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our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
Answers
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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Explain how having an honest conversation about money can affect a person’s ability to take control of their finances.
Answers
Having an honest conversation about money can empower individuals to take control of their finances by increasing their awareness, providing clarity, and fostering accountability.
When people have open and honest conversations about money, they gain a deeper understanding of their financial situation, including income, expenses, debts, and goals. This awareness allows them to identify areas for improvement and make informed decisions.
Honest discussions also provide clarity on financial concepts, strategies, and options, enabling individuals to develop effective plans for budgeting, saving, investing, and debt management.
Additionally, these conversations create a sense of accountability as individuals can seek advice, support, and guidance from others, ensuring they stay on track towards their financial goals and make better financial choices.
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1. Now, you are a professional operations manager. You have studied in this course the following sections:
• The importance of operations management in the context of an organization's strategic plan.
• The role of supply chain management, logistics, and inventory strategies to support op. requirements.
• The layout for goods and service producers to maximize efficiency and support organizational goals.
• The impact of product/service design processes and benchmarking on productivity to support the organization's goals.
• The strategies for the scheduling of production and staff which support the most productive operations of a facility.
• The impact of quality control and quality assurance systems and programs to support the organizations goals.
Write the 800 words research paper. This paper must include all the above features. Please, acknowledge all the outside resources you use.
2. What are the differences between goods and service producers? You started your own business in Canada. Now as an Operations Manager what will be your strategies and logistics to run your business successfully. The real challenge is to keep your business ahead from your competitors. Write a report of 500 words about your roles, strategies, and logistics as a successful operations manager. Please, acknowledge all the outside resources you use.
3. Briefly describe the components of Total Quality Management [TQM] programs that have been adopted by business and industry. How will TQM be helpful in your business success? Provide your opinion in 200 words.
Answers
Operations management is the field of managing processes and resources efficiently to produce and deliver goods and services.
1. Operations management is crucial in an organization's strategic plan as it focuses on efficiently managing resources and processes to meet customer demands and organizational goals. Supply chain management, logistics, and inventory strategies play a vital role in supporting operational requirements by ensuring the timely and cost-effective flow of materials, products, and services. The layout of facilities aims to maximize efficiency and productivity, aligning with organizational goals. Product and service design processes and benchmarking contribute to enhancing productivity and meeting customer needs. Effective scheduling of production and staff helps optimize operations.
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a u.s. company builds a new customer call center near chicago, even though it would be cheaper to outsource the call responses to a foreign service provider. this is an example of? A. on-shoring. B. offshoring. C. near-shoring. D. next-shoring.
Answers
The scenario presented in the question is an example of on-shoring. The correct option is A.
On-shoring is the process of bringing back business operations or jobs to a company's home country that were previously outsourced to a foreign country.
In this case, the company is choosing to build a new call center in the United States instead of outsourcing to a foreign service provider.
The decision to on-shore instead of offshoring to a cheaper foreign service provider could be due to several reasons.
Firstly, the company may want to maintain control over its customer service operations and have more direct interaction with its customers.
Secondly, the company may want to create jobs and stimulate the local economy in the area near Chicago where they are building the call center.
Lastly, the company may want to avoid potential language or cultural barriers that could arise from outsourcing to a foreign service provider.
Overall, the decision to on-shore can have positive impacts on the company and the local community, but it may come at a higher cost compared to outsourcing offshore.
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any information that a business possesses which gives the business an advantage over competitors is called:
Answers
Any information that a business possesses which gives the business an advantage over competitors is called: proprietary information
This information includes various forms of knowledge, data, or expertise that is unique to the business and not easily replicable by competitors. Proprietary information can take different forms, such as trade secrets, patents, trademarks, copyrights, or exclusive rights to certain processes, technologies, or designs.
It encompasses valuable insights, market research, customer data, innovative ideas, strategic plans, formulas, algorithms, and any other confidential information that provides the business with a competitive edge and enhances its market position. Safeguarding and leveraging proprietary information is crucial for businesses to maintain their competitive advantage and protect their market share.
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The three parts of an income statement heading are _____.
who
when
where
what
motivation of 50. also last year trying to get rid of them. Have a good day :D
Answers
Answer:
Who,When,What
Explanation:
true or false: Directors bring the unifying concept/vision to the production, guiding the rest of the creative team.
Answers
Directors bring the unifying concept/vision to the production, guiding the rest of the creative team. The given statement is true.
What is the goal of a creative director?From conception to completion, overseeing the creative process. Convert marketing goals into distinct creative approaches. collaborate closely with cross-disciplinary project teams, especially those in IT. Lead and oversee the production of all marketing materials by the creative team.
The artistic director plans and directs the execution of a production's artistic vision and focus, and frequently the entire program presented by a theater. This role may be combined with that of the Chief Executive, depending on the size and management style of the theater.
Thus, the mentioned above given statement is true.
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i need a situation of family budgeting
Answers
Answer:
Do you mean methods to maintain family budget?
Which statement explains how a credit card is a form of financial exchange?
A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.
A credit card can be used to pay for services, and the user agrees to pay these charges at a later time.
Each credit card has a certain monetary value, which users exchange with each other like currency.
Credit cards are paper documents that users write on to indicate the amount being paid to a merchant.
Answers
Answer:
A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.
What assumptions are needed to establish the unbiasedness of the estimators and What are the three assumptions needed for the error term to prove that our OLS estimators are BLUE?
Answers
To establish the unbiasedness of estimators in regression analysis, several assumptions are required. Additionally, to prove that Ordinary Least Squares (OLS) estimators are Best Linear Unbiased Estimators (BLUE), three key assumptions about the error term must be satisfied. These assumptions are known as the Gauss-Markov assumptions.
Here are the assumptions needed for unbiasedness and the three assumptions for OLS estimators to be BLUE:
Assumptions for Unbiasedness:
Linearity: The relationship between the dependent variable and the independent variables is assumed to be linear.
Independence: The errors or disturbances in the model are assumed to be independent of each other.
Homoscedasticity: The errors have constant variance across all levels of the independent variables.
No Perfect Multicollinearity: The independent variables are not perfectly correlated with each other.
Zero Conditional Mean: The expected value of the error term conditional on the independent variables is zero.
Assumptions for OLS Estimators to be BLUE:
Linearity: The relationship between the dependent variable and the independent variables is assumed to be linear.
Independence: The errors or disturbances in the model are assumed to be independent of each other.
Homoscedasticity: The errors have constant variance across all levels of the independent variables.
No Perfect Multicollinearity: The independent variables are not perfectly correlated with each other.
Zero Conditional Mean: The expected value of the error term conditional on the independent variables is zero.
Normality: The errors are normally distributed.
No Endogeneity: The independent variables are not correlated with the error term.
It's important to note that violating these assumptions may lead to biased and inefficient estimators. Therefore, it is necessary to assess these assumptions when performing regression analysis and consider alternative estimation techniques if the assumptions are not met.
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Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
All of the following tests are included in the ethical decision-making metric except. Multiple Choice:
-the admired observer test.
-the legality test.
-the moral mentor test.
-the publicity test.
-the transparency test.
Answers
The legality test, the morally mentor test, and also the admired observer test are examples of tests that are frequently included in the ethical decision-making metric.
What are the four phases of making ethical decisions?James Rest (1994) created a theoretical concept of ethical decision-making that takes into account four different cognitive factors: moral awareness, moral principle, moral intent, and moral action. This model focuses on the process of comprehending and solving an ethical issue.
What exactly is an ethical decision?The process of assessing and selecting among options in a way that is compatible with ethical values is referred to as ethical decision-making .When making ethical decisions, it's critical to be aware of the possibility of unethical behavior, eliminate it, and select the most ethical course of action.
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Please Help Will Give Brainliest
List at least five forms in which a USP can appear.
Answers
Answer:
Explanation:
A Unique Selling Proposition (USP) is a unique selling point or slogan that differentiates a product or service from its competitors. A USP may include words such as the "lowest cost," "the highest quality," or "the first-ever," which indicates to customers what your product or service has that your competitors do not.
stewart county school district is about to raise funds for a new school through a bond issue. the plan is to raise $3,475,000 with a 3.15% coupon, 12-year bond. the underwriter indicates the bonds will be sold at a price of $100.65 per $100. the yield to maturity on the bond is:
Answers
The calculated yield to maturity is approximately -0.9643 or -96.43%.
To calculate the yield to maturity (YTM) on a bond, we need to consider the coupon rate, bond price, and the bond's remaining term.
Given:
Face Value of the Bond (FV) = $100Coupon Rate = 3.15%Bond Price = $100.65Remaining Term = 12 yearsTo calculate the yield to maturity, we can use financial functions or approximation methods. Here, we'll use an approximation method:
Step 1: Calculate the annual coupon payment:
Coupon Payment = Coupon Rate * Face ValueCoupon Payment = 3.15% * $100Coupon Payment = $3.15Step 2: Calculate the total cash inflow from the bond over its remaining term:
Total Cash Inflow = (Annual Coupon Payment * Number of Years) + Face ValueTotal Cash Inflow = ($3.15 * 12) + $100Total Cash Inflow = $37.80 + $100Total Cash Inflow = $137.80Step 3: Calculate the yield to maturity using the bond price and total cash inflow:
\(YTM = (Total Cash Inflow / Bond Price) ^{ (1 / Remaining Years) - 1\)\(YTM = ($137.80 / $100.65) ^ {(1 / 12) - 1\)\(YTM = 1.3708 ^ {(1 / 12) - 1\)YTM = 0.0357 - 1YTM = -0.9643The calculated yield to maturity is approximately -0.9643 or -96.43%.
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Suppose you had a relative deposit of $10 at 5.5% interest 200 years ago, how much would that investment be worth today?
Answers
Assuming the interest was compounded annually and no withdrawals were made, the investment would have grown to approximately $7,752,466.06 today. This calculation takes into account the effects of inflation over the past 200 years, which would have reduced the purchasing power of the original $10 deposit. It is important to note that this calculation is an estimate and may not reflect the actual value of the investment due to fluctuations in interest rates and other economic factors.
Future Value (FV) = Principal (P) * (1 + Interest Rate (r))^Number of Years (n)
In this case, the Principal (P) is $10, the Interest Rate (r) is 5.5% or 0.055 (when expressed as a decimal), and the Number of Years (n) is 200.
Using the formula:
FV = 10 * (1 + 0.055)^200
Now, calculate the future value:
FV ≈ 10 * (1.055)^200 ≈ 10 * 260,945.84 ≈ $2,609,458.40
So, if you had a relative deposit of $10 at 5.5% interest 200 years ago, that investment would be worth approximately $2,609,458.40 today.
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Hey everyone, I just thought you all should know that...
you are AMAZING
you are BEAUTIFUL
you are SMART
you are KIND
you are NOT going to give up on your FIGHT
and you better stay ALIVE!!! <33
Answers
Answer:
thanks lol
you too-
Which one of these positions within a company deals directly with customers
the most?
Answers
Answer:
front-line staff
Explanation:
just took the quiz (vote brainliest plssss)
Answer:
A. Senior management.
B. Frontline staff.
C. Support staff.
D. Middle management.
Capital Consulting Company had 380,000 shares of common stock outstanding on December 31, 2020. On that date, there were also 4,800 shares of $100 par, 5% noncumulative preferred stock outstanding. On March 1, 2021, the company's common stock split 4-for-1. On December 15, 2021, a preferred dividend was declared and paid in the amount of $23,000. Net income for 2021 was $2,800,000. Required: Compute basic earnings per share for the year ended December 31, 2021.
Answers
The basic earnings per share (EPS) for the year ended December 31, 2021, is approximately $0.174.
To compute the basic earnings per share (EPS) for the year ended December 31, 2021, we need to consider the weighted average number of common shares outstanding during the year.
Calculate the weighted average number of common shares outstanding:
On December 31, 2020: 380,000 common shares
After the stock split on March 1, 2021: 380,000 * 4 = 1,520,000 common shares
Weighted average common shares = (Number of shares before split * Number of months) + (Number of shares after split * Number of months)
= (380,000 * 2) + (1,520,000 * 10)
= 760,000 + 15,200,000
= 15,960,000
Calculate the preferred dividend:
Preferred dividend = $23,000
Calculate the earnings available to common shareholders:
Earnings available to common shareholders = Net income - Preferred dividend
= $2,800,000 - $23,000
= $2,777,000
Calculate basic EPS:
Basic EPS = Earnings available to common shareholders / Weighted average common shares
= $2,777,000 / 15,960,000
= $0.174
Therefore, the basic earnings is approximately $0.174.
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4. Use the Internet to find an online job posting. Try searching a site like careerbuilder.com or monster.com. Then complete the items below. a. List the link to the posting. (1.0 point) b. List at least two requirements of the job. Complete sentences are not necessary. (2.0 points) c. List at least three tasks that are a part of the job. Complete sentences are not necessary. (3.0 points) d. Write 1-2 sentences explaining why or why not this job would be a good fit for you (2.0 points)
Answers
Answer and Explanation:
Hello. Brainly does not allow links to be placed in responses, which makes it impossible for me to answer your first question. However, you can find this job vacancy in the careerbuilder when searching for Internet / BDC Director.
Two requirements that this job vacancy requires of possible candidates are: Knowledge of management of social networks and experiences with online sales.
The individual who is interested in this job vacancy, if hired, will have to carry out online and face-to-face sales, perform administrative functions and perform customer service whenever necessary.
This job is not a good option for me, because I have no experience in sales, but this is a very promising job vacancy, with a fair salary and benefits, I believe that if I had the requirements, I would do very well in this type of job.
Answer:
1. https://www.careerbuilder.com/job/J337WK6Y75401Z09WZ9
2. · Ideal to have 1 year experience as a pharmacy technician coordinating activities in an administrative support function.
· Must have valid Pharmacy Technician License
3. Working with patients to explain and educate on medical questions
· Tracking and logging vaccination details into EMR (electronic medical records system)
· Assisting Pharmacist as needed
4. This job would be a good fit for me, because I am compassionate, patient, and pay attention to detail. My mathematical skills are excellent, and like working with a team of health care professionals.
Explanation:
Caroline is an artist. She purchases canvas, paints, brushes, and accessories for $75. She sells one of her original paintings to an art gallery for $1,500, even though an art lover would pay $4,500 for that painting. How much value does Caroline add
Answers
Answer:
1.425 dollars of value added
Explanation:
The value of the painting added by Caroline is between the $75 dollar of raw materials and the $1,500 which is the amount at which she sold the canvas in the art gallery.
If, over the course of time the canvas market value increase this will not change the value added by Caroline.
1,500 - 75 = 1.425 dollars
When one nation can produce a product at lower cost relative to another nation, it is said to have a(n)____________________in producing that product
Answers
Answer: Absolute advantage
Explanation:
Absolute advantage is defined as when a producer can produce the same amount of goods with it's competitors at lower cost or in greater quantity for the same cost. This is obvious when the manufacturer at advantage has infrastructure or huge capital(human capital too) to compete with the competitors.