denaemarie02
07.12.2021 •
Business
Assume that U.S. producers can manufacture cookies at a lower opportunity cost than Mexican producers. If this is the case:.
a. It will not be possible for Mexico to have an comparative advantage in the production of any other products.
b. Mexico could still have the comparative advantage in cookie production.
c. It would still be possible for Mexico to have a comparative advantage in trade for some other products.
d. Mexico would have the comparative advantage in all products compared to the United States.
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Ответ:
The entries are as follows
To record estimated returns on Sales
Debit: Sales Refund Payable Account $131,400
Credit: Accounts Receivables $131,400
To record estimated Cost of Sales returns
Debit: Inventory Returns Estimated Account $77,700
Credit: Inventory on Sales on Returns $77,700
Explanation:
To derive the figure for Sales Refund payable for the year
6% of $2,190,000
=
= $131,400
To derive the figure for Inventory cost on Sales Refund payable for the year
6% of $1,295,000
=
= $77,700