Tom can solve 10 math problems or write 2 short stories in an hour. susan can solve 15 math problems or write 2 short stories in an hour. assuming each person produces correct math solutions and stories of equally quality, answer the questions below. make sure to explain your reasoning.
a. explain who has an absolute advantage and in what product?
b. explain whether or not there is any basis for trade between tom and susan? who should produce what?
c. explain how can susan gain anything in trading with tom?

Need true or false 1 2 3 4 5 6 7 8

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false