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Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su

Ksju [112]

Answer:

Candonia has a comparative advantage in the production of LEMONS, while Lamponia has a comparative advantage in the production of COFFEE. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of 36 million pounds of coffee and 36 million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

8 0

4 years ago

James reported to the board of directors that it would be unlikely for them to expand the manufacturing facility in Brussels, Be

Alexus [3.1K]

Answer:

Foreign uncontrollable environmental elements

Explanation:

The unwritten rule is a foreign uncontrollable environmental element that affects the cultural environment of the factory. As a manager, James cannot control or influence this type of events or circumstances, and instead must adapt his facility's operations.

4 0

3 years ago

Watts Corporation made a very large arithmetical error in the preparation of its year-end financial statements by improper place

daser333 [38]

Answer:

a prior period adjustment

Explanation:

A prior period adjustment -

It is the correction of the accounting error which took place in the past and was written in the prior year of financial statement , net of the income taxes , is known as a prior period adjustment .

It is the method to fix the previous problem of past during the reporting .

hence , the correct term fro the given statement is a prior period adjustment .

5 0

3 years ago

Munson Co. uses a job order cost system. The following data summarize the operations related Obj. 2 to production for July:A. Ma

lana66690 [7]

Answer:

raw materials inventory 225,750

account payable 225,750

to record purchase of materials

WIP 217,600 debit

factory overhead 17,600 debit

raw materials 225,750 credir

to record use of materials

WIP 606,700 debit

factory overhead 72,300 debit

wages payable 680,000

to record wages for the period

factory overhead 330,000

selling expense 180,000

administrative expense 126,000

account payable 636,000

to record other expenses on account

factory overhead 27,500

selling expense 8, 100

adm expense 5, 250

prepaid expenses 40,850

to record expired prepaid

factory overhead 55,100

depreciation expense 61,300

acc depreciation factory equipmnet 55,100

acc depreciation office equipment 16,800

acc depreciation building 44,500

to record depreciation for the period

WIP 548,000

factory overhead 548,000

to record applied overhead

Finished Goods 1,140,000

WIP 1,140,000

to record jobs completed

COGS 1,128,000

Finished Goods 1,128,000

to record COGS

Factory Overhead 45,500 debit

COGS 45,500 credit

to record adjustment for overapplied factory overhead

Explanation:

For each entry we will make sure to make the difference between capitalized cost (factory overhead labor and materials) and cost for the period (selling and administrative expenses)

Then we will do the adjustment for hte overhead

adjustment for overhead:

actual overhead:

17,600 indirect materials

72,300 indirect labor

330,000 other expenses

27,500 expired prepaid

55,100 depreciation equipment

502,500 actual overhead

548,000 applied overhead

The actual cost were lower than expected, we charge more cost on the goods than we should, so we adjust and decrease the Cost of Goods Sold.

adjusment for overapplied overhead: 45,500

7 0

3 years ago

Assume a stock has a value of $100. The stock is expected to pay a dividend of $2 per share at year-end. An at-the-money Europea

Harlamova29_29 [7]

Answer:

$9.86

Explanation:

Calculation for the call option on the stock

Call option=$100−($100/1.05)−($2/1.05)+$7

Call option=$100−$95.238−$1.91+$7

Call option= $9.86

Therefore what must be the price of a 1-year at-the-money European call option on the stock is $9.86

4 0

3 years ago