Based on Table 3

question 4

Multiple Choice

Based on Table 3.1,trade between the United States and Mexico will occur as long as the relative price of shoes is between

• A)three computers and one computer.
• B)three computers and two computers.
• C)one-half computer and one-third computer.
• D)six computers and three computers.

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Definitions:

Revenues

The income generated from normal business operations and other activities.

Business Documents

Written records that provide evidence of business transactions, agreements, and other business activities.

Ledger Accounts

Records within a ledger that show all the financial transactions of a specific account, summarized.

Book of Original Entry

It is the initial record where financial transactions are documented in the accounting system.