If Japan were regarded as the best electronics manufacturer in the world, what would be true?
A. Japan would have a comparative advantage in electronics manufacturing.
B. Japan would have a positive balance of trade.
C. The United States would have a comparative advantage in electronics.
D. Japan would have an absolute advantage in electronics production.
E. Japan would have a trade deficit with the United States.
Answer: D
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a. I and V b. III and IV c. I and III d. I, II, and III
Virtual corporations are also called
A. anti-organizations. B. virtual network. C. modular network. D. modular corporation. E. corporate network.
Samuel and Darci are partners. The partnership capital for Samuel is $50,000 and for Darci is $60,000. Josh is admitted as a new partner by investing $50,000 cash. Josh is given a 20% interest in return for his investment. The amount of the bonus to the old partners is
A) $0 B) $18,000 C) $8,000 D) $10,000
On January 1, Springfield Corp, accepted a one-year note for $5,000 at 4% from one of its customers
When the note matured on December 31, the customer was unable to pay, and the company treated it as a dishonored note. Prepare the journal entry that Springfield will make to record the dishonored note. What will be an ideal response