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3 years ago

Opening trade between two nations would

Business

1 answer:

zloy xaker [14]3 years ago

4 0

Answer:

c. leave the production possibilities unchanged and increase their consumption possibilities.

Explanation:

Economies benefit from trade as each will produce goods with comparative advantage and trade in the foreing market Making increase their consumption possibilities as will sale good at better prices and purchase other imported goods with a lower opportunity cost. Overall economies will benefit from trade most of the times.

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On March 1, Squire Company purchased a new stamping machine with a list price of $24,000. The company paid cash for the machine;

Nikitich [7]

Answer:

C. $25,960

Explanation:

Cost of asset includes all the cost involved to acquire and install the asset. In simple term all the costs that are necessary to make the asset usable are capitalised and added to the cost of the asset.

In this question stamping machine has following cost which need to be capitalised.

Discounted Price = $24,000 x ( 100% - 3% ) = $24,000 x 97% = $23,280

Transportation cost = $550

Sales Tax = $1,680

Installation cost = $450

Total cost to be capitalized = $23,280 + $550 + $1,680 + $450 = $25,960

Routine Maintenance cost is the routine / period cost which incur every month, It is not necessary to make the asset usable and it is incurred after the asset is used.

5 0

3 years ago

Read 2 more answers

A person may have very strong ethics in the way he or she treats family and friends, but not understand how failure to submit ta

Arturiano [62]

Answer: (D) Application of ethics to business situations

Explanation:

The applications of the business ethics is one of the form of professional ethics in an organization that helps in examine the overall ethical principle and also the moral problems in the environment.

It also helps in governing the actions during the decision making process and also manage the behavior of the person in an organization.

It is also refers to the unwritten principle and the values in an organization that helps managing the company. According to the given question, the application of the business ethics situation is basically encountered by the ethical maturity model.

Therefore, Option (D) is correct answer.

6 0

3 years ago

Which is the penultimate step in the planning process?

Studentka2010 [4]

Hello, The first step of financial planning process is to define specific goals. Since this is the first step I figured it is the most important.
Hope this helps..

8 0

3 years ago

You want to adopt a program to improve quality and efficiency within a company. Analyze four quality-control tools (Lean princip

abruzzese [7]

Answer:

Please find the complete question in the attached file.

Explanation:

The closeness to the next airport and railway station, all possible benefits of a location, prices as well as brand value of the location are required to choose the ideal company location.

Choosing SEZ's truly trade community is the best way to do the company because it offers availability and accessibility to the airport as well as all business centers.

Quality management where quality improvement is indeed the primary requirement and the best quality is measured. To improve quality overall, one must embrace it.

Its error rate is the minimum and the result is of the greatest durability, sturdiness, and value perception. Complete such as Agile, Kaizen, supply chain, and inventory control are available.

7 0

3 years ago

Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.(a) Indicate the missing amoun

Sliva [168]

Answer:

Incomplete manufacturing costs:

Case 1 Case 2

Direct materials used $9,700 $3,900

Direct labor 5,100 8,100

Manufacturing overhead 8,400 4,100

Total manufacturing costs 23,200 16,100

Beginning work in process inventory 1,100 9,100

Ending work in process inventory 7,200 3,100

Sales revenue 25,000 31,500

Sales discounts 2,600 1,500

Cost of goods manufactured 17,100 22,100

Beginning finished goods inventory 5,000 3,400

Goods available for sale 22,100 25,500

Cost of goods sold 18,600 22,900

Ending finished goods inventory 3,500 2,600

Gross profit 3,800 7,100

Operating expenses 2,800 2,000

Net income 1,000 5,100

Explanation:

To work out the missing figures involves some manoeuvres of the figures, working up or down as the case may be. For example, to calculate the cost of goods sold in Case 1, I deducted the ending inventory of finished goods from the Goods available for sale. With this figure, it becomes possible to work out the Gross profit and the Net income.

3 0

3 years ago