For the following trade relationship, explain the likely source of the comparative advantage of each of the exporting countries. a. The United States exports airplanes to China, and China exports clothing to the United States. It is cheaper to produce airplanes using many highly skilled workers, and it is cheaper to produce clothing using many unskilled workers. The United States has a more highly skilled labor force than China has. b. The United States is a pioneer in heavier-than-air flight and has continued to commit significant resources to producing airplanes. China has extended its historical dominance in silk to other textiles and established itself as the global leader in textiles. c. China has an absolute advantage in the the production of clothing, and the United States has an absolute advantage in the production of airplanes. d. The United States needs more airplanes than China. The United States produces large quantities of planes and winds up selling some abroad. China, the most populous nation on earth, needs large quantities of clothing. It produces large quantities of clothing and winds up selling some abroad.

According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.