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2 years ago

When two countries specialize in producing the goods for which they have a comparative advantage and?

1 answer:

3 0

It can be mutually advantageous for two nations to specialize in goods for which they have a relative advantage and then trade with one another. Absolute advantage is the basis of the potential gains from specialization and trade.

<h3>What does it mean for a producer to have comparative benefit?</h3>

Comparative advantage is a requirement of a producer where it is better suited for the production of one good than another good. Good A can be made more efficiently than good B, for example. This comparison is done in terms of the option costs of each good, not in terms of pure production costs.

To learn more about Comparative advantage , refer

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The Andrews company currently has the following balances in their equity accounts: Common Stock $12,079 Retained earnings $90,36

GarryVolchara [31]

Answer:

$120,669

Explanation:

Ending Retained Earnings = Opening Retained Earning + Net Income - Dividends

therefore,

Ending Retained Earnings = $90,369 + $46,300 - $16,000 = $120,669

thus,

Ending balance in Retained Earnings be next year will be $120,669

6 0

3 years ago

Designated Broker Ron wants to open a separate escrow account for each transaction he is involved in. Is this legal?

Natasha2012 [34]

Answer:

Yes it is legal.

Explanation:

Escrow accounts are account in which funds are accumulated for specific disbursements. According to my research on the different requirements and limits on escrow accounts, I can say that based on the information provided within the question what Ron is trying to do is completely legal. This is because there is no legal limit on the number of escrow accounts a broker can have.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0

3 years ago

You have two options to repay a loan. You can repay $6,000 now and $5,940 in one year; or you can repay $12,000 in 6 months. Fin

Brums [2.3K]

Answer:

We will consider positive interest rate which is i=0.21 or i=21%

Explanation:

The formula for Future value is:

$FV=PV(1+i)^n$

The present value will become:

$PV=FV(1+i)^{-n}$

where:

n is the number of years

Since the condition is same present value,so the given data form the equation:

$6000+5940(1+i)^{-1}=12000(1+i)^{-1/2}$

Divide above equation by $(1+i)^{-1}$

$6000(1+i)+5940=12000(1+i)^{1/2}$

Let $z=(1+i)^{1/2}\\$ . Above equation will become:

$6000z^2+5940=12000z$

Rearranging above equation:

$5940-12000z+6000z^2=0$

Solving the quadratic equation:

z=1.1, z=0.9

Let $z=(1+i)^{1/2}\\$ will become:

$z=(1+i)^{1/2}\\\\z^2=1+i$

$i=z^2-1$

For z=1.1

$i=(1.1)^2-1\\i=0.21$

For z=0.9

$i=(0.9)^2-1\\i=-0.19$

we will consider positive interest rate which is i=0.21 or i=21%

7 0

3 years ago

Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a not

Damm [24]

Answer:

$30,604

Explanation:

The computation of the interest expense for the year 2020 is as follows:

2019 interest expense is

= Equipment amount × rate of interest

= $311,967 × 9%

= $28,077

The Dec 31 2019 liability of book value is

= $311,967 + $28,077

= $340,044

Now the interest expense for the year 2020 is

= $340,044 × 0.09

= $30,604

3 0

3 years ago

A company’s total monthly sales (in millions of dollars) t months from now are given by:

Elina [12.6K]

Answer:

a) $\frac{dS}{dt}=S'(t)= 2(0.5) t +3 = t+3$

b) $S(4) = 0.5*(4^2) +3(4) -5=15 million$

c) For this case we have the total sales $ 15 millions after t =4 months

d) $S'(4) = 4+3 = 7 million$

e) This value represent the increase in the amount of sales in millions after t=4 months

Explanation:

For this case we have the following function for the sales

$S(t) = 0.5 t^2 +3t -5$

Part a

For this case we want to find the derivate of S respect to t and we got:

$\frac{dS}{dt}=S'(t)= 2(0.5) t +3 = t+3$

Part b

For this case we want to find the value of S when t = 4 so if we replace we got:

$S(4) = 0.5*(4^2) +3(4) -5=15 million$

Part c

For this case we have the total sales $ 15 millions after t =4 months

Part d

For this case we just need to replace t=4 in the derivate and we got:

$S'(4) = 4+3 = 7 million$

Part e

This value represent the increase in the amount of sales in millions after t=4 months

3 0

4 years ago