As of December 31, Year 2, Moss Company had total cash of $157,000, notes payable of $85,700, and common stock of $52,500. During Year 3, Moss earned $37,000 of cash revenue, paid $20,500 for cash expenses, and paid a $3,100 cash dividend to the stockholders.

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.