Answer:
A person has a comparative advantage in the production of a good when she or he can produce the product at a lower opportunity cost compared to another person.
Explanation:
Comparative cost advantage is a concept that emphasizes on an individual, a firm or a county specializing in the production of goods in which it has a greater advantage over others. In other words, a country is expected to produce goods in which it can produce with less opportunity cost than its trade partner.
Answer:
d. credit to Manufacturing Overhead for $24,000.
Explanation:
Applied Manufacturing overhead = ( 1,800+3000) x $5 = $24,000
So, The journal entry to record this will be,
Dr. Cr.
Work in Process of $24,000
Manufacturing Overhead $24,000
So, manufacturing overhead account is credited with the value of $24,000.
Answer:
50,400
Explanation:
Using application of total expectation, E;
N= Number of policy holders who have zero accidents in one month
P= Probability
N|Low = 400
N|High=600
P|Low=0.9
P|High=0.8
Therefore E = (N|Low*P|Low)+(N|High*P|High)
E=(400*0.9)+(600*0.8)
E=360+480
E=840
Then Total bonus for the year B
B= E*12*5
B=840*12*5
B=50,400
The answer to the blank space is voice. There are four types of employees besides stars, and they are: land mines, not yet gone, and students.
These employees are classified into the four categories based on two important questions: Is this employee a cultural fit? Is the employee a contributor?
Stars would fit culturally and be an active contributor, while students are culturally fit but not yet a contributor. Land mines are not culturally fit but are active contributor while not yet gone are both not culturally fit and not active contributor.
Answer:
Pre-tax income= $50,000
Explanation:
Giving the following information:
Selling price per unit=$15 each
Unitary variable cost= $10
Fixed costs= $200,000
Sales in units= 50,000
<u>First, we will determine the unitary contribution margin:</u>
Unitary contribution margin= 15 - 10= $5
<u>Now, the pre-tax income:</u>
Pre-tax income= 50,000*5 - 200,000
Pre-tax income= $50,000