Mcginnis construction is a cash-basis company with a fiscal year-end of june 30. mcginnis’ employees earn a normal weekly wage of $12,500 during a five-day work week. june 30 falls on a thursday for the current year. mcginnis also performed services of $40,900 during the last four days of june, but they are not paid in full until july 8. as a result of operations, there will be an of mcginnis’ net income for the most recent fiscal year of:

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.