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Blababa [14]
4 years ago
10

Maldonia has a comparative advantage in the production of sugar , while desonia has a comparative advantage in the production of

potatoes . suppose that maldonia and desonia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of sugar and million pounds of potatoes.
Business
1 answer:
steposvetlana [31]4 years ago
6 0
Maldonia must give up 8 units of TEA to get 16 units of lemons, while Desonia must give up 8 units of tea to get 4 get units of lemons. Hence the opportunity cost of productivity are units of lemon for Maldonia -0.5y(-8/16), and for Desonia it is -2y(-8/4).This means Maldonia has comparative advantage in producing lemon and Desonia has comparative advantage in tea.
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Allied made its first and only purchase of inventory for the period on
iragen [17]

Answer:

Perpetual Inventory System

Gross Method

Date                 Particulars                        Debit              Credit

3 May             Merchandise Inventory   10,000

                               Cash                                               10,000

May 3 for 1,000 units at a price of $10 cash per unit (for a total cost of $10,000).

5 May               Accounts Receivable Macy  7000

                                             Sales                                    7000

May 5 :Allied sold 500 of the units in inventory for $14 per unit (invoice total: $7,000) to Macy Co. under credit terms 2/10, n/60. The goods cost Allied $5,000.

5 May             Cost of Goods Sold               5000

                           Merchandise Inventory                        5000    

 

May 7:               Sales   Returns              700

                            Accounts Receivable Macy  700

May 7: Macy returns 50 units because they did not fit the customer’s needs (invoice amount: $700). Allied restores the units, which cost $500, to its inventory.

May 7               Merchandise Inventory       500    

                                         Cost of Goods Sold               500

May 8           Sales  Returns & Allowance             300

                              Accounts Receivable Macy           300

8 Macy discovers that 50 units are scuffed but are still of use and, therefore, keeps the units. Allied sends Macy a credit memorandum for $300 toward the original invoice amount to compensate for the

damage.

May 15:              Cash                    6000

                          Sales Discounts     120

                             Accounts Receivable Macy           5880    

Payment : $ 7000- $ 700 - $ 300= $ 6000

Discount : 2% of 6000= $ 120

May 15 Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount.

                     

           

6 0
3 years ago
The purpose of the _____ stage of the new product development process of a company is to estimate costs and forecast sales for e
sweet [91]

Answer:

reproducing cycle

Explanation:

i did it

3 0
3 years ago
In the field of quality control, the science of statistics is often used to determine if a process is "out of control". Suppose
devlian [24]

Answer:

probability = 0.008

probability = 0.0256

Explanation:

we know here probability of defective is 0.2

so probability of not defective is 1 - 0.2 = 0.8

as we know 3 item is arrive off process line in succession

so The probability that an item is defective is

as P(defective) = 0.20

as all item are independent so

probability that all three items are defective is

probability = 0.20  × 0.20  × 0.20 = 0.008

and

probability that exactly 3 of next 4 are defective

so number of way that can choose 3 out of 4 is

= \frac{4!}{3! ( 4-3)!}

= 4

so as all are independent probability is

probability = ( the number of way to choose 3 out of 4 ) × ( 3 item defective ) × ( 1 item not defective )

probability = _4 C_3 × 0.2³ × ( 1- 0.2)

probability = 4 × 0.008 × 0.8

probability = 0.0256

4 0
4 years ago
The following information is available for Windsor Inc. for the year ended December 31, 2017:_______.
Lapatulllka [165]

Answer:

<u>Requirement</u>

Prepare Income statement

Calculate the per share of common stock

                              Windsor Inc.

Income statement for the year ended December 31, 2017

Sales                                                               $3,775,000

Less: Cost of goods sold                               <u>$1,648,000</u>

Gross profit                                                     $2,127,000

<u>Operating expenses</u>

Selling expenses                        $876,000

Administrative expenses          <u> $507000</u>

Total operative expenses                               <u>$1,383,000</u>

Operative income                                            $744,000

Other revenues and (expenses):

Rent revenue                             $98000

Gain on sale of equipment        $31000

Interest expenses                      ($57,000)         <u>$72,000</u>

Income before income taxes                            $816,000

Income tax applicable to continuing                <u>$297,000</u>

operations

income from continuing operations                  $519,000

Discontinued operations:

Loss on discontinued operations    ($66000)

Income tax applicable to loss on    <u>($23,000)</u>

discontinued operations

Total discontinued operations                             <u>$89,000</u>

Income before extraordinary item                       $430,000

Extraordinary item:

Loss on write-down of inventory                           <u>($37000) </u>

Income after extraordinary item                            $393,000

Other comprehensive income:

Unrealized gain on available-for-sale securities    <u>$27,000</u>

Comprehensive Income                                          <u>$420,000</u>

<u> </u>

EPS = Net Income of a company / Outstanding Shares

EPS = $420,000/200,000

EPS = $2.1 per share

4 0
4 years ago
A recession is often considered to be:_______
Gennadij [26K]

Answer:

The correct answer is letter "A": an economic downturn that persists for more than two consecutive quarters of the year.

Explanation:

Recessions are economic downturns in an economy characterized by the fall growth for more than two consecutive quarters. The most important indicator that determines the economic downturn is the real Gross Domestic Product (GDP). The National Bureau of Economic Research (NBER) is the entity in charge of calling the recession.

7 0
3 years ago
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