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maksim [4K]
3 years ago
15

True or False: If Country B has an absolute advantage over Country A in producing bicycles, it must also have a comparative adva

ntage over Country A in producing bicycles.
Business
1 answer:
Anni [7]3 years ago
3 0

If Country B has an absolute advantage over Country A in producing bicycles, it must also have a comparative advantage over Country A in producing bicycles - False

<h3><u>Explanation:</u></h3>

When any organisation has the ability to produce a product identical to its competitor company in such a way it utilizes only lesser amount of the given resources producing more product then it is said to have absolute advantage.  Comparative advantage refers to the ability of a firm in producing a particular goods or services at a lesser marginal cost when compared with the opportunity cost.

Absolute advantages helps a firm to reduce its production cost than its competitors. Comparative advantage helps a firm in reducing the opportunity cost. It is not necessary to have a company to have both absolute and comparative advantage at the same time. It can either have absolute or comparative advantage.

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Barrington Bears has developed the following sales forecasts for the next few months. January 500, February 600, March 720, Apri
Oduvanchick [21]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Barrington Bears has developed the following sales forecasts for January 500 units.

BB has 80 bears on hand on Dec. 31. The normal ending inventory policy is to hold 20% of next month’s sales.

Direct labor is paid $18 per hour. Each bear takes 40 minutes to hand-finish. Variable overheads total $21 per direct labor hour. Fixed overheads amount to $25,000 per month.

First, we need to calculate the production for January.

Sales= 500 units

Ending inventory= (600*0.2)= 120 units

Beginning inventory= 80 (-)

Total= 540 units

Conversion costs= direct labor + manufacturing overhead

Direct labor= [(40/60)*540]*$18= $6,480

Variable overhead= 21*360 hours= $7,560

Fixed overhead= $25,000

Total conversion costs= $39,040

5 0
3 years ago
The potential sales that will be generated by a customer if the customer remains loyal to that company for a lifetime are referr
shusha [124]
I think the most appropriate answer would be "Value".


I hope it helped you!
5 0
3 years ago
PLZ PLZ HELP HELP HELP YALL ITS IMPORTANT ASAP
fredd [130]

Answer:

1144.95$

Explanation:

375.40 was given every week so multiply by 3 and I got 1126.20.. now annually is the key work and annually means per month so I divide 22500 by 12 and got 18.75. last, I added 18.75 a d 1126.95 and got 1144.95!! Hoped explained well!!

3 0
2 years ago
The total manufacturing cost variance is Group of answer choices none of the answers are correct the difference between planned
EastWind [94]

Answer:

The correct answer is the third option: the difference between actual costs and standard costs for units produced.

Explanation:

To begin with, the total manufacturing costs variance is the concept known in the field of business and that is comprehended in the accounting field that involves and cosists of direct materialsl costs variance, direct labor costs variance and factory overhead costs variance. And therefore that it implicates the  difference between what actually all that variables end up costing and what the company thought that it will cost regarding their standards given.

3 0
3 years ago
Project: Pet Grooming Website
Mandarinka [93]

The planning of this project must have several stages, in general they can be classified as planning, execution and review.

<h3>What is planning?</h3>

Planning is a term that refers to the decision-making process to achieve a specific objective taking into account the current situation and the internal and external factors that may influence the achievement of the objectives.

According to the above, planning would be the first process because in this we are going to draw a route of action in which we are going to specify all the tasks prior to the realization of the web page. This stage includes activities such as:

  • Interview with clients.
  • Photos of services and products.
  • Information gathering.
  • Establishment of dates and objectives.

In the execution stage, the creators of the page begin to work on the design and publication of the page, including all the information previously collected.

In the review stage, the entire team reviews whether the objectives set are being achieved and the necessary corrections are made.

Learn more about planning in: brainly.com/question/1933524

4 0
2 years ago
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