Answer:
Freecia has a comparative advantage in producing memory chips
Explanation:
Comparative advantage occurs when a company has an advantage over the other through the production of certain goods at a cheaper rate.
Looking at the given example , let us assume that the cost of producing a bushel of rice is $10 and memory chips is $10
Warmia produces two bushels of rice at $70 and a memory chip at $70(ratio 2:1) 1/3*70= 23.3
Freecia produces five bushels of rice at $70 and two memory chips at $7
(Ratio 5:2). 2/7*70=14
We can see that the cost of producing memory chips is cheaper fo Freecia
Answer: B) Keep bidding until all other bidders quit, regardless of your reservation price.
Explanation: Familiar to English auctions, the bidders are aware of the prices of items on sale and the numbers of other bidders. This price is known as the reserve or reservation price which is the limit on the price of the item on sale set by the seller (that is the lowest price the seller is willing to sell the item). The bids start at a low price and keeps coming in until there are no more bids irregardless of the reservation price set. It probably depends on how much you value the item on sale and are willing to pay for it. Not necessarily on the reservation price.
The best answer for this question would be:
$150,000
Because in the method of the “non-working” spouse method, they are given a calculation of (18 - youngest child's age) × $10,000 (18 being the legal age)
Resulting that the solution would be:
<span> (18 - 3) × $10,000 = $150,000</span>
Answer:
$5,360
(not given in the options)
Explanation:
Depreciation is the systematic allocation of cost to an asset based on estimates. It is given as
Depreciation = (cost - salvage value)/useful life
When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $1,600
Annual depreciation = ($23,040 - $1,600)/8
= $2,680
After 4 years
Accumulated depreciation = 4 × $2,680
= $10,720
The net book value then
= $23,040 - $10,720
= $12,320
Since the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value
New depreciation = ($12,320 - $1,600)/2
= $5,360
The depreciation expense in year 5 equals $5,360
Answer: c. closing the sale is the final—and most satisfying—part of the process.
Explanation:
Closing the sale is NOT the final part of the process but rather the FOLLOW-UP.
And like option e in the question shows, following up can lead to more sales for the representative because following up can guage customer satisfaction and if the customer is satisfied, they could become loyal and recurrent customers.
