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user100 [1]
3 years ago
13

Question 18 5 out of 5 points china australia steel (tons) cars steel (tons) cars 630 0 1120 0 600 700 900 300 400 1200 600 500

200 1500 300 600 0 1600 0 650 the figures in the above table give five alternative combinations of steel and cars that china and australia can produce if they fully use all their factors of production. in autarky, china produces 600 tons of steel and 700 cars while australia produces 300 tons of steel and 600 cars. based on the relative prices (mrt) at autarky, which country has the comparative advantage in cars?
Business
1 answer:
Tomtit [17]3 years ago
6 0
The country which has comparative advantage in car production is AUSTRALIA.
Comparative advantage refers to how efficiently a particular company or country is producing a particular product compare to another country or company.
 From the question given here, it can be seen that the ratio of car to steel of Australia is lower than that of China, which means that Australia has a comparative advantage in producing cars, it has a lower opportunity cost for producing cars compare to Australia.
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An energy company is seeking to build a pipeline across multiple Canadian provinces and U.S. states. Though __________________ m
sp2606 [1]

Answer:

The correct word for the blank space is: stakeholder mapping.

Explanation:

Stakeholder mapping is the act by which companies look for investors so they can finance their projects. The mapping allows entrepreneurs to verify if their project plan is good enough to attract capital and the process also helps to identify who of those investors are serious in making the plan become a reality.

7 0
3 years ago
On december 1, 2016, escobar consulting, which uses a calendar year as its fiscal year, signs a $4,000, 12%, four-month note pay
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The journal entry to record the payment of the note and entire interest on april 1, 2017 is as follows; Debit Notes Payable $4,000, Debit Interest Expense 120, Debit Interest Payable 40, <span>Credit Cash $4,160.

April 1,2017
       Notes payable     $4,000
       Interest expense    $120
       Interest payable       $40
                       Cash                  $4,160</span>
7 0
3 years ago
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production
xeze [42]

Answer:

Units Transferred Out $ 663750

Work In Process Ending $ 30440

Direct Materials Costs  $ 11.5 per EUP   Conversion  Costs$6.2 per  EUP

Explanation:

Ashad Company

Weighted Average Method

Cost Of Production Report

Equivalent Units of Production

                                                      Direct Materials           Conversion

Units transferred out                       37,500 EUP                 37,500 EUP

<u>Units of ending work in process      2,000 EUP                    1,200 EUP</u>

<u>Equivalent units of production          39,500 EUP                38,700 EUP</u>

Costs Added

                                                    Direct Materials           Conversion

Costs of beginning work in

process                                               $13,450                    $1,860

<u>Costs incurred this period               440,800                      238,080</u>

<u>Total costs                                       $454,250                   $239,940 </u>

<u />

Costs per EUP

                                                Direct Materials           Conversion

                                $454,250/ 39,500 EUP         $239,940/38,700 EUP

                                     =  $ 11.5 per EUP                        = $6.2 per  EUP

Dividing the costs with EUP gives cost per EUP.

Costs Accounted For

Units Transferred Out $ 663750

Materials = $ 11.5 * 37500=$  431250

Conversion= $ 6.2 * 37500=$ 232500

Total = $ 663750

Work In Process Ending $ 30440

Materials = $ 11.5 * 2000=$  23000

Conversion= $ 6.2 * 1200=$ 7440

Total = $ 30440

Now adding the costs of Transferred out units and the ending work in process inventory equals the total of the costs added.

$ 663750+$ 30440 = $454,250 + $239,940

$ 694190 = $ 694190

8 0
2 years ago
Incite co. has a 36 percent tax rate. its total interest payment for the year just ended was $35 million. what is the interest t
butalik [34]
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4 0
3 years ago
Orem Corporation's current liabilities are $116,160, its long-term liabilities are $474,240, and its working capital is $162,600
jekas [21]

Answer:

Total long-term assets must equal: d $2,771,640

Explanation:

Orem Corporation's Total Debt (liabilities) = current liabilities + long-term liabilities = $116,160 + $474,240 = $590,400

Debt-to-equity ratio = Total Debt/Total Equity

Total Equity = Total Debt/Debt-to-equity ratio = $590,400/0.24 = $2,460,000

Working capital = Current assets - Current abilities

Current assets = Working capital + Current abilities = $162,600 + $116,160 = $278,760

Basing accounting equation:

Total assets = Current assets + Long-term assets = Total liabilities + Total Equity = $590,400 + $2,460,000 = $3,050,400

Long-term assets = Total assets - Current assets = $3,050,400 - $278,760 = $2,771,640

7 0
3 years ago
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