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3 years ago

When the world price of some good is above the domestic price (before trade), then after trade, that nation will likely be:

Business

1 answer:

Rudiy273 years ago

7 0

Answer:

EXPORT

Explanation:

If the domestic price of a country for a good is lower than world price before trade, it mean that the country is producing that good efficiently - at a cheaper cost. After trade, the country would export the good, so that the world can produce more of the goods it produces efficiently.

If the world price is below domestic price of a country before trade, after trade, the country would import

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10) At the beginning of the year, Lucy company estimated that the total annual fixed overhead costs would amount to $25,000. Fur

adoni [48]

Answer: A. Products were overcosted during the year.

Explanation:

At the budgeted figures of $25,000 fixed overhead costs and the 2,000 units of production, the predetermined fixed overhead rate is:

= 25,000 / 2,000

= $12.50 per unit

However, the company then produces 2,200 units at the same cost of $25,000 making the actual predetermined fixed overhead rate:

= 25,000 / 2,200

= $11.36 per unit

The actual rate is less than the predetermined rate which means that the products had originally be overcosted by being apportioned higher expenses.

4 0

3 years ago

When a seller makes a counter-offer what is the essence of such an action?

GrogVix [38]

Answer:

The correct answer is The seller rejects the buyer's offer.

Explanation:

A counter offer more often than not expresses that the seller will acknowledge the buyer's offer. Generally, the seller is dismissing the buyer's unique offer by making a counter offer.

One thought on the issue of offer and acknowledgment is whether the offer or counteroffer was in truth acknowledged before its expiration. A counteroffer is a dismissal and another offer.

A seller who is in receipt of an offer from a buyer can't at first counteroffer, and if that fails to work, then accept the original offer. This is so in light of the fact that, by law, a counteroffer is a dismissal of the main offer and the creation of another offer. The old offer from the buyer is dismissed and "gone" as of the creation of a counteroffer by the seller.

8 0

4 years ago

"A borrower obtained a $10,000 term loan with 6 1/2% interest paid yearly. A $1,000 principal reduction was to be paid with each

aleksley [76]

Answer:

$1585

Explanation:

Interest for the first year = 6.5% of principal due at the beginning of the year

= 6.5% of $10,000

= $ 650

Principal repayment at the end of the year = $1000

Principal due at the beginning of the second year = $10,000 - $1000= $9000

Interest payable at the end of the second year = 6.5% of principal outstanding at the beginning of the second year = 6.5% of 9000

= $ 585

Principal repayment at the end of the second year = $1000

Hence total payment at the end of the second year = $1000 + $585= $1585

6 0

3 years ago

At the intersection of the short-run aggregate supply curve, the aggregate demand curve, and the long-run aggregate supply curve

ExtremeBDS [4]

Answer:

a short-run equilibrium but not a long-run equilibrium.

Explanation:

The long run aggregate supply and aggregate demand when intersect they determine the economy level of equilibrium. This will determine real level of GDP and prices in the long run. The short run supply curve is upward sloping. It determines the quantity of the output that will be produced at each level of price in the short run.

7 0

4 years ago

The following information is available for a company's utility cost for operating its machines over the last four months.

laila [671]

Answer:

Using the high-low method, the estimated variable cost per machine hour for utilities is $1.875/ machine hour

Explanation:

High Low Method is a method used to separate Fixed and Variable Costs Components of a semi-variable cost/overhead.

Step 1 : Establish 2 points - The Highest and The Lowest

High - March 2,640 hrs : $8,100

Low - April 720 hrs : $ 4,500

Step 2 Calculate the variable Cost Component

Variable Costs = Overhead Cost difference /Activity difference

= ($8,100-$4,500)/(2,640hrs-720hrs)

= $3,600/1,920hrs

= $1.875/hr

4 0

3 years ago