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Gekata [30.6K]
3 years ago
13

The productivity gains achieved by specialization are due to A. comparative advantage. B. lower opportunity costs from switching

production from one good to another. C. scarcity. D. absolute advantage.
Business
2 answers:
Bingel [31]3 years ago
5 0

Answer:

The correct answer is letter "A": comparative advantage.

Explanation:

Comparative Advantage is an individual, business, or country's ability to produce a good or service at a lower cost of opportunity than its competitor. Getting a comparative advantage does not mean that one organization is completely better at producing a good or a service than another. It implies that it sacrifices less to do so. Comparative advantage allows firms to specialize in the manufacturing of the goods or services being produced at a lower cost.

Ronch [10]3 years ago
4 0

Answer:

Comparative advantage.

Explanation:

Comparative advantage is the ability to produce good and services at a lower opportunity cost compared to others , leading to lower selling price and competitive advantage over others .

Specialization is about concentrating on producing a few products in order to

build brands , expertise and gain maximum productivity leading to a reduction in selling price and  a comparative advantage.

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Indirect labor and indirect materials are classified as factory overhead and product costs factory overhead and period costs ope
Dvinal [7]

Answer:

True

Explanation:

Product costs are the costs directly incurred from the manufacturing process. The three basic categories of product costs they are;

1) direct material

2) direct labour

3) manufacturing (factory) overhead.

Manufacturing overhead cost also include the following;

a) indirect labour: Indirect labor is the labor of those who are not directly involved in the production of the products.

b) indirect material: Indirect materials are materials that are used in the production process but that are not directly traceable to the product.

4 0
3 years ago
During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to sharehol
MrRa [10]

Answer:

Date           Account Title                                            Debit                 Credit

Feb 12        Cash                                                    $18,000,000

                  Common Stock                                                            $2,000,000

                  Paid in Capital in excess of Com-                              $16,000,000

                  mon stock par value      

<u>Working</u>

Cash = 2 million shares * $9 = $18,000,000

Common stock = 2 million * $1 par value = $2,000,000

Date           Account Title                                            Debit                 Credit

Feb 13       Legal expenses                                    $360,000      

                 Common Stock                                                                $40,000

                  Paid in Capital in excess of Com-                                 $320,000

                  mon stock par value

<u>Working </u>

Cash = 40,000 shares * 9 = $360,000

Common Stock = 40,000 * 1 = $40,000

Date           Account Title                                            Debit                 Credit

Feb 13        Cash                                                      $945,000

                  Common stock                                                               $80,000

                  Preferred Stock                                                              $200,000

                  Paid in Capital in excess of Com-                                 $640,000

                  mon stock par value

                  Paid in Capital in excess of Pre-                                   $25,000

                  ferred stock par value

                 

<u>Working:</u>

Common stock = 80,000 shares * 1 = $8,000

Preferred stock = 4,000 shares * $50 = $200,000

Paid in Cap, Common = 80,000 * (9 - 1) = $640,000

Date           Account Title                                            Debit                 Credit

Nov. 15     Equipment                                             $3,688,000

                 Common Stock                                                               $380,000

                 Paid in Capital in excess of Com-                               $3,308,000

                  mon stock par value

<u>Working:</u>

Common stock = 380,000 * $1 = $380,000

8 0
3 years ago
During her performance review, Tuli’s manager tells her that numerous customers have not been satisfied with her assistance. Acc
romanna [79]

<em>Tuli can improve her performance by means of observing relational level in terms of customer assistance satisfaction thru establishing good business relationship to all people involve in her work. Starting from her co-workers to business associates, clients, suppliers and even stakeholders. No matter how good a product is, if one person couldn't handle a good attitude in making transaction with their clients or co-workers, the company could experience a great loss and revenue. Therefore, Tuli can do the following: </em>

<em>1. She must communicate more often and in a friendly way to all who she is working with. She could start every conversation with politeness and friendly greetings to everyone. </em>

<em>2. She must always put a personal touch on her work such as giving joy to her customers and co-workers as she delivers products and services. </em>

<em>3. She must learn to become a good teamworker. As long as she knows how to work with other people, then she could learn from them and get tips from them. Good relationship to her customers will help her and the company to establish a good reputation to all clients.</em>

5 0
3 years ago
New Town Instruments is analyzing a proposed project. The company expects to sell 1,600 units, ±3 percent. The expected variable
SOVA2 [1]

Answer:

  • What is the sales revenue under the worst-case scenario?

$ 125,032

Explanation:

Initial Escenario

TOTAL     Income Statement Unit   Quantity

$ 1,035,200 Total Net Sales       $ 647  1.600  

-$ 352,000 Variable Cost          $ 220  

-$ 64,000 Depreciation Expenses  

$ 619,200 Contributing Margin  

-$ 438,000 Anual Fixed Costs  

$ 181,200 Segment Margin  

Worst Case Escenario

Quantity fall 3% from 1,600 to 1,552

Price Fall 2% from $647 to $634

Variable Cost Increase 2% from $220 to $224

Anual Fixed Cost Increase 2% from $438,000 to $446,760

Depreciation Expenses maintained at the same level.

TOTAL Income Statement Unit Quantity

$ 984,061 Total Net Sales $ 634  1.552  

-$ 348,269 Variable Cost         $ 224  

-$ 64,000 Depreciation Expenses  

$ 571,792 Contributing Margin  

-$ 446,760 Anual Fixed Costs  

$ 125,032 Segment Margin  

0 0
4 years ago
You can stop learning ______.
kolbaska11 [484]
The answer to your question is D never

8 0
3 years ago
Read 2 more answers
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