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2 years ago

When a country can produce a product more cheaply than its trading partners, it is known as __________?

1 answer:

7 0

When a country can produce a product more cheaply than its trading partners, it is known as: comparative advantage
For example, United States often imported exotic fruits from Brazil. Since Brazil is a tropical country, the cost in producing exotic fruits will be significantly lower compared to growing it in the United States. Therefore, we can say that brazil has a comparative advantage in this product compared to united states.

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Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items

OLEGan [10]

a. The average aggregate inventory value is $336,000.

b. The number of weeks of supply that the firm has is 3 weeks, approximately (2.69 ($336,000/$6,500,000 x 52).

c. The inventory turnover of Sapphire Aerospace for last year was 19.3x.

Question Completion:

Category Part Number Average Value Total Category

Inventory Units per Unit Value Totals

Raw Materials RM-1 20,000 $1 $20,000

Materials RM-2 5,000 5 25,000

RM-3 3,000 6 18,000

RM-4 1,000 8 8,000 $71,000

Work-in-process WIP-1 6,000 10 60,000

WIP-2 8,000 12 96,000 $156,000

Finished goods FG-1 1,000 65 65,000

FG-2 500 88 44,000 $109,000

Total value of inventory $336,000 $336,000

Inventory turnover = Cost of goods sold/Average inventory

= 19.3x ($6,500,000/$336,000)

Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.

Learn more about inventory turnover here: brainly.com/question/5701250

3 0

2 years ago

Which scenario most strongly indicates that workplace rules will have to be changed to resolve the conflict

8090 [49]

The scenario that show workplace rules need to be changed is Workers voting to disband their union because they feel that it has not adequately represent their interest.

<h3>What is a workplace?</h3>

A workplace is a designated location or place where employees of and employer work or a place where workers perform their designated duties.

Therefore, The scenario that indicate workplace rules need to be changed to resolve conflict is Workers voting to disband their union because they feel that it has not adequately represent their interest.

The question is incomplete are the options were not given.

Here are the options from another website.

A lack of deadlines for research staff, preventing other staff members from getting information in a timely fashion
Line workers and executives not eating together at lunch, except for onescheduled day each month
An employee threatening to quit, because he did not get a raise that he hadcounted on and believed he deserved
Workers voting to disband their union because they feel that it has not adequately represent their interest.

Learn more about workplace below.

brainly.com/question/1249474

5 0

2 years ago

7. Allowance, a paycheck, gifts, and gains from an investment are examples of

Finger [1]

Answer:a

Explanation:

8 0

3 years ago

g If a firm can earn a profit stream of $50,000 per year for 10 years, that profit stream is worth:1)A)nothing today)less than $

galben [10]

Answer:

b)less than $500,000 today, but a positive amount.

Explanation:

By the virtue of the concepts of compounding and discounting, we understand that $1 today is worth more that $1 in the future.

Where Pv = Present value

Fv = Future value

r = discount rate

t = time

Fv = Pv ( 1 + r)^t

As such If a firm can earn a profit stream of $50,000 per year for 10 years, that profit stream is worth less than $500,000 today, but a positive amount.

5 0

3 years ago

The woodshop, a local cable show, ran through the process of identifying its competitive advantages by using a perceptual map to

AnnZ [28]

Answer:

communicate and deliver its positioning strategy

define its positioning strategy

Explanation:

The wood shop company after identifying competitive advantage, they need to define their positioning strategy it will help them to learn about the market, customers and their competitors. After clearly understanding their positioning, they must communicate and understand the market dynamics to attain short-term and long term growth.

6 0

3 years ago