Answer:
Thailand:
Opportunity cost of computers = 300/20 = 15 tons of rice
US:
Opportunity cost of computers = 800/100 = 8 tons of rice
US has a comparative advantage in production of computers
Absence of trade:
Thailand consumes 150 tons of rice, it can consume = (300 - 150)/30 x 2 = 10 computers
US consumes 50 computers, it can consume = 400 tons of rice
After trade :
10 computers exchanged for 120 tons of rice
Thailand continues to consume 150 tons of rice, it will consume = 12 computers (=10 + 30/15)
US continues to consume 50 computers, it will consume = 440 tons of rice (=120 + 40 x 8)
Both would accept the proposal as both are better off with trade
The answer is “A”. “The partner committing the tort is the only party liable.
Answer:
The cost of units transferred out during the month was $107,880 <em>(none of the suggested answers)</em>
Explanation:
The cost of units transferred out during the month was
Units Completed and Transferred are always 100% complete in terms of input components therefore
Equivalent Units of Units Completed and Transferred = Physical Units of Units Completed
<em>9,300 units were completed and transferred on to the next department</em>
<u>First Calculate Total Cost per Equivalent Unit</u>
materials $5.30
conversion $6.30
total $11.60
<u>Then, Calculate cost of units transferred out during the month was</u>
<em>cost of units transferred out = Units Completed × Total Cost per Equivalent Unit</em>
= <em>9,300 units × </em>$11.60
= 107,880
Answer:
Jeff is acting as a "middleman"
Explanation:
A middleman acts as a link between producers and retailers or consumers. He delivers goods to the consumers at the right place and time.
Jeff, by shopping for handmade rugs all over the world and then selling in his stores and on his website, is acting as a "middleman" between the producers of the rugs and the consumers.
