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Crest view Computer security uses the perpectualinventory system and makes all credit sales on terms of 2/10 n/30.crest view completed the following transactions May 2nd. issued invoice # 913 for sale on account toforbes, $ 2000. Crestview cost of inv. was $900 3rd Purchased inventory on credit terms of 3/10 n/60 fromCricosky 5th Sold inventory for cash $1077 ( cost $480) 8th Collected interest revenue of $1755 9th Issued invoice # 914. for sale on account to bell Co. $5550 ( cost2310) 10 Puchased inventory forcash $ 1143 issing check # 553 12th Recieved cash from Forbes in full settlementof her A/R from teh sale on May 2nd 13th Issued check # 534 to pay croisky the net amt owed from May 3rd 13th Purchased supplies on account from Manley Inc. $441 Terms were netend of month 15th Soldinv. on account to Brown for $665 ( cost 240) 17th issued credit memo to Brown for $665 for mechandise return by Brown. also accounted for receipt of the inventory cost 18th Issued invoice # 916 for credit sale to Forbes $357 ( cost $127) 19th recieved $5439 from Bell in full settlement of its A/R from may 9th. Bell earned a discount frompaying early 20th Purchased inventory on credit terms of 22nd Purchasedfurniture on credit terms of 3/10 n/60 from Chicoksky $645 22nd isued ck # 535 topay for insurance coverage, debiting prepaid insurance for$1000 24th Sold suppliesto an employee for cash of $54 which has Crestviews cost 25th Issuedck # 536 to pay utilities $453 28th Purchased inventory on credit terms of 2/10 n/30 from Manley$675 29th Soldgoods on acc. to Bell issuing ck # 917 for $2900 (cost $800) 30th Issued ck# 537 to pay Manley in full on account from May 13th 31st Recievedcash in full from Forbes on credit sale of May 18th, there was nodiscount 31st Issued ck # 538 to pay monthly salaries of $1950 There are six steps needed to follow so if you need the info let me know! if you have tutorial let me know to buy asap, attached template just need it filled out!

Describe the relationship between corporate strategy and competitive advantage. Explain the differences between synergies and competitive advantage. International Strategy Describe how an organization would use the CAGE framework to develop a strategic approach to international expansion. Based on the various international strategy configurations discussed in your text; what approach might an organization take if there was an opportunity to gain global efficiencies with a relatively low local response.

ECON220-1204B-10 Microeconomics

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ECON220-1204B-10 Microeconomics
Assignment Name: Unit 1 Individual Project
Deliverable Length: 2–3 pages
Details: Suppose that two people, Michelle and James each live alone in an isolated
region. They each have the same resources available, and they grow potatoes and
raise chickens.  If Michelle devotes all her resources to growing potatoes, she
can raise 200 pounds of potatoes per year. If she devotes all her resources to
raising chickens, she can raise 50 chickens per year. (If she apportions some
resources to each, then she can produce any linear combination of chickens and
potatoes that lies between those extreme points.  If James devotes all his
resources to growing potatoes, he can raise 80 pounds of potatoes per year. If
he devotes all his resources to raising chickens, he can raise 40 chickens per
year. (If he apportions some resources to each, then he can produce any linear
combination of chickens and potatoes that lies between those extreme
points.)
 

Potatoes

Chickens

Michelle

200

50

James

80

40

  • What is Michelle’s
    opportunity cost of producing potatoes?
  • What is Michelle’s
    opportunity cost of producing chickens?
  • What is James’ opportunity
    cost of producing potatoes?
  • What is James’ opportunity
    cost of producing chickens?
  • Which person has an
    absolute advantage in which activities?
  • Which person
    has comparative advantage in potatoes?
  • Which person
    has comparative advantage in chicken?
  • Suppose that they are
    thinking of each specializing completely in the area in which they have a
    comparative advantage, and then trading at a rate of 2.5 pounds of potatoes for
    1 chicken, would they each be better off? Explain.
  • How would you extend the
    above narrative to businesses, society as a whole or nations? Explain.
Please submit your assignment.

For assistance with your assignment, please use your text, Web
resources, and all course materials.

Unit Materials

Points Possible: 150
Date Due: Sunday, Oct 07, 2012
Objective:
  • Explain concepts of microeconomics
Submitted Files: Submit
Assignment
Score: N/A
Instructor Comments: No comments have been made

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