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ki77a [65]
3 years ago
15

Why should countries specialize in producing goods with which they have a comparative advantage rather than an absolute advantag

e?
Business
1 answer:
Gelneren [198K]3 years ago
8 0
<span>a country might have an absolute advantage in producing a good because it has a large population this doesn't mean that the country is more efficient than other countries If a country has a comparative advantage its opportunity cost is lower so by specializing and trading a good that a country has a comparative advantage with the country can get more out of what it produces.</span>
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Swanson company has two divisions; sporting goods and sports gear. the sales mix is 65% for sporting goods and 35% for sports ge
MA_775_DIABLO [31]
We are given
fixed cost, F = $6,660,000
sales mix:
65% sporting goods
35% sports gear
margin ratio:
30% sporting goods
50% sports gear

Now, we solve for the break even point in dollars. We use the formula
x = total fixed cost / [ price - total variable cost/price ]
Using the given values
x = 6660000 / [0.65(0.3)(6660000) + .35(0.5)(660000)]/ [(0.3)(6660000) + (0.5)(660000)]
x = $14,400,000

The breakeven point is $14,400,000
This is the sales when the revenue is just equal to the total cost of producing the products resulting to zero profit.
6 0
3 years ago
Read 2 more answers
Name and describe various clauses that contracts between parties of different nations may choose to include in their agreements.
atroni [7]
<span>Negotiation: Early Neutral Case Evaluation
</span>
<span>Form of assisted negotiation. The parties select a neutral third party (generally an expert in the subject matter of the dispute) to evaluate their respective positions. The parties explain their positions to the case evaluator however they wish. The evaluator then assesses the strengths and weaknesses of the parties' positions, and this evaluation forms the basis for negotiating a settlement.
</span>
<span>Negotiation: Mini Trial
</span>
<span>Form of assisted negotiation.

A mini-trial is a private proceeding in which each party's attorney briefly argues the party's case before the other party. Typically, a neutral third party, who acts as an adviser and an expert in the area being disputed, is also present. If the parties fail to reach an agreement, the adviser renders an opinion as to how a court would likely decide the issue. The proceeding assists the parties in determining whether they should negotiate a settlement of the dispute or take it to court.
</span>
<span>Negotiation: Negotiation

</span><span>The simplest form of ADR is negotiation, a process in which the parties attempt to settle their dispute informally with or without attorneys to represent them. Attorneys frequently advise their clients to negotiate a settlement voluntarily before they proceed to trial. Parties may even try to negotiate a settlement during a trial or after the trial but before an appeal.


</span><span>Negotiation: Facilitation

</span>
<span>Form of assisted negotiation. Disputes may also be resolved in a friendly, non-adversarial manner through facilitation, in which a third party assists disputing parties in reconciling their differences. The facilitator helps to schedule negotiating sessions and carries offers back and forth between the parties when they refuse to face each other in direct negotiations. Technically, facilitators are not to recommend solutions. (In practice, however, they often do.) In contrast, a mediator is expected to propose solutions.</span>





8 0
3 years ago
Corporate stock can be divided into categories called ________, which can be further divided into ________.
Sophie [7]

Answer:

c. classes, series.

Explanation:

Corporate stock refers to the shares issued to the shareholders through which the company gets its funds for the business.

These shares are of two classes mainly:

Equity and Preference

These are further divided into series like:

Equity = Fully paid, 50% paid

Preference = 5% Preference or 10% preference capital or any other rate.

Further it includes, the reserve and surplus also.

4 0
3 years ago
Jack is a crook with an honest face. People easily trust him. Jack works a scam in which he convinces the elderly to invest thei
bearhunter [10]

Answer:

False Pretenses

Explanation:

From the question given, jack is involved in the crime called false pretenses. He receives money by which he mentions things that are not true.

He brings out a false annual reports of profitable returns for a a non existing company or organisation. This representation is false with actual facts.

4 0
3 years ago
Fortuna Company is preparing its statement of cash flows. Cash disbursements during the year included:
olga nikolaevna [1]

Answer: $100,000

Explanation:

Financing activities are those that relate with how the company finances its operations and includes cashflows related to equity and long term liability.

The financing activities outflows here total:

= Payment of dividends to stockholders

= $100,000

The two other cashflows are considered investing activities.

7 0
3 years ago
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