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2 years ago

The nation of cropitia has a comparative advantage over bonovia in producing ham if?

1 answer:

8 0

The nation of Croatia has a comparative advantage over Bono via in producing ham if Croatia's opportunity cost of producing a pound of ham is less than 0.8 pounds of cheese.

In a country, where the opportunity cost of producing a particular product is lower than that country has a comparative advantage in the production of a good.

For instance, if a country is skilled at making both cheese and ham, they determine how much labor goes into producing each good. If it takes one hour of labor to produce 10 units of ham and one of labor to produce 20 units of cheese, then this country has a comparative advantage in making cheese.

Hence, the answer is given and explained above.

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Plattsburgh Tech’s annual demand is 3,000 units which costs $30 per unit. You are in charge of inventory management of Plattsbur

padilas [110]

Answer:

a. 320 units

b. $1,920

Explanation:

EOQ = √ 2 × Annual Demand × Ordering Cost per Order / Holding Cost per unit

= √ (2 × 3,000 units × $102.40 / ($30 × 20%))

= 320 units

total inventory cost = ordering cost + holding cost

= 3,000 units/ 320 units × $102.40 + 320 units/ 2 × ($30 × 20%

= $960 + $960

= $1,920

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4 years ago

Les Stanley established an insurance agency on July 1, 20Y5, and completed the following transactions during July: Opened a busi

crimeas [40]

Answer:

A. Net Income = $22,790

B. Shareholders' equity balance is = $69,490

Explanation:

Requirement A:

Les Stanley

Income Statement

For the year ended, July 31, 2015

Revenues:

Fees Earned $28,500 (1)

Expenses:

Rent expenses $2,600 (3)

Automobile Expense $2,000 (4)

Office Salaries $4,200 (5)

Miscellaneous expense$ 800 (6)

Interest Expense $ 110 (7)

Total Expenses $5,710

Net Income $22,790

Note - 1: Fees earned = $28,500 (Journal 3)

2. Common stock = $50,500 (Journal 1)

3. Rent expense (Journal 4)

4. Automobile expense (Journal 5)

5. Office salaries (Journal 7)

6. Miscellaneous expense (Journal 6)

7. Interest on payable (Journal 8)

8. Dividends (Journal 10)

Requirement B:

Les Stanley

Statement of shareholders equity

For the year ended, July 31, 2015

Particulars Share R. E* Total

Balances, July 1, 2015 $0 0 $0

Add: Issued Capital $50,500 (2) 0 $50,500

Add: Net Income $0 $22,790 $22,790

Less: Dividends (8) $0 $(3,800) $(3,800)

Balances, July 31, 2015 $50,500 $18,990 $69,490

Therefore, shareholders' equity balance is = $69,490

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3 years ago

Why banks pay lower interest rates on savings accounts than on certificates of deposits.

gregori [183]

Answer:

See below

Explanation:

Savings accounts are more common than certificates of deposits. Banks do not restrict customers on the number of withdrawal and deposits per period in a savings account. Banks consider savings account very liquid because a customer can withdraw their money anytime. Due to this reason, savings accounts attract low-interest rates.

Certificate of deposits, CDs have withdrawal restrictions. In this type of account, the customers agree to keep their money in the bank for a specified period. Banks offer a higher interest rate to encourage customers to keep their money in the account for the agreed duration.

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3 years ago

Eugene owns a house and land in a middle-class neighborhood. he is upset that the mayor has increased the sales tax to fund publ

Feliz [49]

Eugene should not be upset because HIS PROPERTY VALUE HAS INCREASE. Sale tax refers to the consumption tax imposed by the government on the sales of goods and services at the point of sale. An increase in sale tax will automatically increase the value of the land and the house that Eugene has in that area. If he sells the land later or rent out the house, he will make more money from the sale.

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4 years ago

An example of ________ utility involves intermediaries shipping goods to buyers of a product.

zzz [600]

An example of <u>possession</u> utility involves intermediaries shipping goods to buyers of a product.

Possession utility speaks to the actual act of product possession — which includes consumers riding a new automobile off the lot or having furniture added to their domestic. It also highlights the connection between ownership and purpose.

There are 4 one-of-a-kind forms of software: form application, place utility, time software, and ownership application. The quantity to which those utilities affect buy choices depends on the individual.

Ownership utility is the value derived from a product that incorporates the whole possession utility of the product with a preference to apply the product right now and for any motive.

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2 years ago