Entries by John

Suppose that after specializing according to comparative advantage, a country is trading with another nation that also specializes according to its comparative advantage. Which of the following statements are true for the first country?

June 24, 2019 in /by

The opportunity cost of one more slice of pizza in terms of sodas is the total number of pizza slices that we have divided by the total number of sodas that we have. number of sodas we have to give up in order to get one extra pizza slice. number of pizza slices we have […]

Comprehensive Problem

June 24, 2019 in /by

Intermediate Accounting III Comprehensive Problem You are about to begin working on a comprehensive problem. This means that when you prepare the journal entries and financial statements for this problem you need to follow ALL the rules applicable to the accounting process. You need to prepare the journal entries and financial statements as if you were doing it […]

eginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 40 percent complete as to conversion. Materials are added at the end of the process. How many units were completed in June?

June 24, 2019 in /by

The objectives of cost allocation are to: Motivate, provide incentives, and determine fair awards. Accurately define, divide and spread direct costs. Value, measure, and interpret cost data. Connect, communicate, and discern information. Define, refine, and re-define indirect costs. 3 points Question 2 A key ethical issue in cost allocation involves costing in an international context, […]

Blueprint Problem: Statement of Cash Flows

June 24, 2019 in /by

Blueprint Problem: Statement of Cash Flows Statement of Cash Flows and Business Activities The statement of cash flows provides information about the cash inflows and cash outflows for a company. It is considered to be a complement to the other three financial statements. A company’s cash flows are generated from operating, investing, and financing activities. […]