1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
e-lub [12.9K]
3 years ago
14

Argentina can produce either 20 units of cloth or 2 units of wine, while Chile can produce either 24 units of cloth or 12 units

of wine. If each country specializes in the good for which it has comparative advantage, the total output by the two countries will be:
Business
1 answer:
Olenka [21]3 years ago
7 0

Answer:

Their combined production should be 20 clothes and 12 wines.

Explanation:

<u>Argentina's opportunity cost to produce 1 unit of cloth = 0.1 wine</u>

Argentina's opportunity cost to produce 1 unit of wine = 10 clothes

Chile's opportunity cost to produce 1 unit of cloth = 0.5 wine

<u>Chile's opportunity cost to produce 1 unit of wine = 2 clothes</u>

Since Argentina' opportunity cost to produce clothes is lower, then it should specialize int he production of clothes. While Chile should specialize in the production of wine. Their combined production should be 20 clothes and 12 wines.

You might be interested in
helene, corp. reports a net operating loss in year 1 of $20,000. in year 2, the company reports income of $10,000. what amount o
gtnhenbr [62]

$8,000 (80% limitation) amount of year 2 income may be offset by the carryforward of the year 1 net operating loss

When a business' running costs are higher than its gross income, it experiences an operating loss (or revenues in the case of a service-oriented company).

Operating profit is the profit a business makes before taxes and interest. In the same manner as cost of goods sold, selling, general, and administrative expenditures are, interest and taxes are not regarded as operating costs. In many cases, businesses make enough money to pay their costs and turn a profit.

To know more about operating refer here:

brainly.com/question/15080057

#SPJ4

3 0
1 year ago
Suppose you find that the willingness to pay for Clippers tickets is highest for 23-64 year olds. Device a tactic to capture add
weeeeeb [17]

Answer:

Explanation: see attachment

3 0
2 years ago
Exercise 9-5 Sandhill Co. purchased a new machine on October 1, 2017, at a cost of $80,010. The company estimated that the machi
Dovator [93]

Answer:

2017 = $2,598 and 2018 = $10,390

Explanation:

The computation of the depreciation expense for the second year is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($80,010 - $7,280) ÷ (7 years)

= ($72,730) ÷ (7 years)  

= $10,390

In this method, the depreciation is same for all the remaining useful life

For 2017, the depreciation expense would be

= $10,390 × 3 months ÷ 12 months

= $2,598

The three months is calculated from the October 1, 2017, to December 31, 2017

And, in 2018 it would be $10,390

4 0
3 years ago
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to
Vlada [557]

Answer:

See explanation Section

Explanation:

Adjusting Entries

Req. A, B

A. <em>Since the partial amount of insurance policy has been expired-</em>

Debit      Insurance Expense        $3,203

Credit             Prepaid Insurance              $3,203

An expense will be appeared and the current assets will be decreased.

B. Debit     Teaching supplies Expense        $7,528

Credit               Teaching supplies                               $7,528

<em>As the company has $2,776 supplies available from $10,304, teaching supplies expense will appear as $7,528 = (10,304 - 2,776)</em>

Req. C, D, and E

C. Debit     Depreciation expense-equipment      $12,814

Credit            Accumulated depreciation-equipment      $12,814

D. Debit     Depreciation expense-professional library     $6,407

Credit            Accumulated depreciation-professional library      $6,407

E. Debit      Unearned revenue             $5,600

Credit             Service revenue                          $5,600

<em>Note: Monthly fee of $2,800 from November to December. Therefore, 2 months fee = $2,800*2 = $5,600 has been earned.</em>

Req. F, G and H

F. Debit      Accounts receivable         $8,750

Credit                   Service revenue                    $8,750

<em>Note: As WTI has not yet received any payment from October 15 to December 31, there will be 2 and a half months bill due. Each month = 3,500. Therefore, 2 months = $7,000, and a half-month = $(3,500 ÷ 2) = $1,750. Total receivable = $7,000 + $1,750 = $8,750.</em>

G. Debit    Salaries expense          $400

Credit                  Salaries payable            $400

<em>Note: As there are two employees and two days salary have been accured, total salaries payable = $100 per day × 2 employees × 2 days = $400</em>

H. Debit     Rent Expense           $2,062

Credit               Prepaid rent                    $2,062

7 0
3 years ago
The goal of operations management is to produce a good or service at the highest possible cost while maintaining the lowest poss
Sophie [7]
That answer is True because it says that the lowest possible quality and it is true
4 0
3 years ago
Read 2 more answers
Other questions:
  • ____________ must be trusted to make business work properly and includes accountants.
    11·1 answer
  • If the price elasticity of demand for U.S. automobiles is higher in Europe than it is in the United States, and transport costs
    6·1 answer
  • The costs normally required to manufacture a product, which are calculated from historical costs and any changes from that, are
    7·1 answer
  • __________ is the process by which representatives of a union meet with representatives of management to negotiate a contract fo
    14·1 answer
  • Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $300. Annual fixed co
    6·1 answer
  • The manager at the Overton Hotel in Lubbock believes that the success of the Texas Tech Red Raider Basketball team has an impact
    5·1 answer
  • Singapore is one of the leading producers of coffee in the world. However, there are a few companies in Singapore that import co
    7·1 answer
  • After 10 years of regular monthly payments on a 25-year amortized loan for $245,000 at 3.125% interest compounded monthly, how m
    6·1 answer
  • something people buy to protect themselves from losing a lot of money in the event something happens to them or their property i
    5·1 answer
  • Tammy Potter, a new partner with the regional CPA firm of Tower &amp; Tower, was recently appointed to the board of directors of
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!