Which of the following is true? a. mutual gains could be realized if the united states specialized in producing food and south korea in producing clothing. b. mutual gains could be realized if the united states specialized in clothing production and south korea in food production. c. south korean workers are the high-cost producers of clothing. d. none of the above are true.

Double corporation acquired all of the common stock of simple company for

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?