Guay Corp., a start-up company, provided services that were acceptable to its customers and billed those customers for $400,000 in 2015. However, Guay collected only $280,000 cash in 2015, and the remaining $120,000 of 2015 revenues were collected in 2016. Guay employees earned $200,000 in 2015 wages that were not paid until the first week of 2016. How much net income does Guay report for 2015?

Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric