The following information relates to the equity investments to Benji Company on 2020.
Instructions
In: Accounting
If exports increased to Canada and imports from Canada to the US also increased, without any other changes in the US and Canada's economies, then what would happen to the US Dollar exchange rate to the Canadian Dollar? Explain. Justify your answer.
In: Economics
suppose the 2000 US census is collected for every person in the US and it allows researchers to calculate summary quantities like the percent of the US population in a specified age range. What is the mean squared error of these summary quantities calculated from the census?
In: Statistics and Probability
For the Spirit God gave us does not make us timid, but gives us power, love, and self discipline ~ Timothy 1:7
What do you hope to gain from this course PSY 560 Learning, Cognition, and Motivation
In: Psychology
How does sport governance in the US differ from governance in other countries? Would a ministry of sport benefit the US?
In: Operations Management
Identify some challenges a Chinese investor may
encounter in the US.
Are these challenges different from those facing a US
investor?
In: Operations Management
Your comment to each question has to be more than five(5) sentences based on researched facts and logical analysis to earn the full credit.
Global outsourcing, is it good, bad or ugly?
In the recent years, we often heard about global outsourcing in US business.
Especially, when US economy was sluggish, one of major blames went
for Global outsourcing, due to US job loss to overseas.
Q1) Global outsourcing, is it bad? because US manufacturing jobs
went to China or India at the expense of US labors.
Q2)Global outsourcing, is it good? because US business can take an advantage of cheaper foreign labors to survive like an introduction of new technology such as robot or computer or can attract insourcing from overseas.
Q3) Global outsourcing, is it ugly? because US business can exploit the sweat shops from overseas.
Q4) Global outsourcing, is it inevitable like new technology? The robot with artificial intelligence could replace human labors in the future.
Q5) Give us your personal verdict over Global outsourcing. Also do you think which direction of trade policy is better for the economic welfare of US as well as the rest of the world; one US policy makers continue to move US toward more open and global economy by promoting trade, or one US policy makers move US toward more closed and isolated economy by protecting US industries?
In: Economics
On February 1, 2020, a company agreed to construct a building at a contract price of $35,000. The company estimated the project would be finished in 2022. Information relating to the costs and billings for this contract is as follows:
2020 2021 2022
Total costs incurred to date $8,000 $10,000 $22,000
Estimated costs to complete 12,000 6,000 -0-
Customer billings to date 8,000 24,000 29,000
Collections to date 4,000 14,000 25,000
The journal entry to record Billings on Construction in Process in 2021 has the amount of _________.
In: Accounting
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Assume the following productivity data for the US, Brazil and Mexico with regard to pineapple and coffee production: Pineapples Coffee US (daily output per worker) 30 lb 15 lb Brazil (daily output per worker) 40 lb 75 lb Mexico (daily output per worker) 16 lb 25 lb QUESTION 1 Apply only the theory of absolute advantage. What trade, if any, would we see between the US and Brazil? a. No trade because Brazil has the absolute advantage in both products b. Brazil will specialize in coffee and trade coffee for US pineapples c. Brazil will specialize in pineapples and trade pineapples for US coffee d. Brazil will buy both coffee and pineapples from US QUESTION 2 Apply only the theory of absolute advantage. What trade, if any, would we see between Mexico and Brazil? a. No trade because Brazil has the absolute advantage in both products b. Brazil will specialize in coffee and trade coffee for Mexican pineapples c. Brazil will specialize in pineapples and trade pineapples for Mexican coffee d. Brazil will buy both coffee and pineapples from Mexico QUESTION 3 Apply only the theory of absolute advantage. What trade, if any, would we see between Mexico and the US? a. No trade because Mexico has the absolute advantage in both products b. US will specialize in coffee and trade coffee for Mexican pineapples c. US will specialize in pineapples and trade pineapples for Mexican coffee d. No trade because US has absolute advantage in both products QUESTION 4 Now apply the theory of comparative advantage. What trade, if any, would we see between the US and Brazil? a. No trade because Brazil has the absolute advantage in both products b. Brazil will specialize in coffee and trade coffee for US pineapples c. Brazil will specialize in pineapples and trade pineapples for US coffee d. Brazil will buy both coffee and pineapples from US The U.S. Congress proposes a law imposing tariffs and quotas to block most Brazilian coffee from entering the US market. For each of the following groups, answer AGREE if you believe they would support, and be helped by, such a law. Answer DISAGREE if you believe they would oppose, and be hurt by, such a law. QUESTION 5: US coffee consumers Agree Disagree QUESTION 6: US coffee farmers Agree Disagree QUESTION 7: US pineapple farmers Agree Disagree QUESTION 8: Brazilian coffee farmers Agree Disagree QUESTION 9: Mexican coffee farmers Agree Disagree |
In: Economics
Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,700,000. The project was begun in 2020 and completed in 2021. Cost and other data are presented below: 2020 2021 Costs incurred during the year $ 486500 $1,000,000 Estimated costs to complete 903,500 0 Billings during the year 455,000 1,245,000 Cash collections during the year 355,000 1,345,000 ) Assume that Beavis recognizes revenue on this contract over time according to percentage of completion.
Gross Profit 2020 and 2021
In: Accounting