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Anastaziya [24]
3 years ago
8

Jane and Brad both produce nuts and coffee. They each prefer to consume a diet that is half nuts and half coffee. Both have acce

ss to the same resources. If Jane focuses on producing only coffee, she can produce 20 pounds of coffee in a week. If she only produces nuts, she can produce 40 pounds of nuts in a week. Brad can produce a maximum of 15 pounds of coffee in a week. He could also choose to produce only nuts, in which case he can produce 20 pounds of nuts a week.
Part 1. Who has an absolute advantage in coffee production? Who has an absolute advantage in nut production?
A. Jane has an absolute advantage in coffee, and Brad has an absolute advantage in nuts.
B. Jane has an absolute advantage in both coffee and nuts.
C. Brad has an absolute advantage in both coffee and nuts.
D. Brad has an absolute advantage in coffee, and Jane has an absolute advantage in nuts.
Part 2. a. What is the opportunity cost for Jane to produce one more pound of nuts? pounds of coffee
b. What is the opportunity cost for Jane to produce one more pound of coffee? pounds of nuts
c. What is the opportunity cost for Brad to produce one more pound of nuts? pounds of coffee
d. What is the opportunity cost for Brad to produce one more pound of coffee? pounds of nuts
Part 3. Who has a comparative advantage in nut production? Who has a comparative advantage in coffee production?
A. Brad has a comparative advantage in both coffee and nut production.
B. Jane has a comparative advantage in both coffee and nut production.
C. Brad has a comparative advantage in nut production, and Jane has a comparative advantange in coffee production.
D. Jane has a comparative advantage in nut production, and Brad has a comparative advantange in coffee production.
Business
1 answer:
vfiekz [6]3 years ago
4 0
D. Bras has an absolute advantage in coffee and jane has an absolute advantage in nuts
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Answer:

Price of the bond is $104,236,860.

Explanation:

Given:

Coupon rate is 6% or 0.06

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Coupon payment each year = 0.06×119,000,000

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Yield to maturity = 7% or 0.007

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Price of bond = Present value of face value + present value of coupon payment (annuity)

Price of bond = 119,000,000_{(PV\ 30,0.07)} + 7,140,000_{(PVA\ 30,0.07)}

PV of $1 for 7%,30 periods = 0.1314

PVA of $1 for 7%,30 periods = 12.409

Substitute the values in above formula:

Price of bond = (119,000,000 × 0.1314) + (7,140,000 × 12.409)

                     = 15,636,600 + 88,600,260

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There will be slight difference in final answer as present value table is used. Excel spreadsheet gives an accurate answer.

So, price of bond is $104,236,860

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The journal entries that are required by the facts presented in the given case are:

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We are required to pass the journal entries for the given transactions.

Journal is a book in which the transactions are recording for the first time in the company's books of accounts.

The journal entries are as under:

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Hence the journal entries in the books of accounts in Dearden Inc. are: 1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

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Learn more about journal at brainly.com/question/14279491

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