Answer:
O A. A factory in Vietnam can produce more shoes than other
countries.
Explanation:
Absolute advantage is the capability of a commercial entity to produce goods using fewer resources compared to rivals. Using the same inputs, an entity with an absolute advantage produces a larger output compared to competitors. It means the firm has a lower marginal cost of production. Therefore, its products will have the lowest prices in the market.
The factory in Vietnam has an absolute advantage in producing shoes. It is using fewer resources than rivals to manufacture shoes, that why it is producing a higher quantity.
Answer:
Step 1: Identify the decision. You realize that you need to make a decision. ...
Step 2: Gather relevant information. ...
Step 3: Identify the alternatives. ...
7 STEPS TO EFFECTIVE.
Step 4: Weigh the evidence. ...
Step 5: Choose among alternatives. ...
Step 6: Take action. ...
Step 7: Review your decision & its consequences.
Answer:
JDW Corporation
Income Statement
For the year ended December 31, 20x1
Sales revenue $2,929,500
Cost of goods sold <u> ($1,786,995)</u>
Gross margin $1,142,505
S&A expenses <u> ($585,900)</u>
Income from operations $556,605
Other comprehensive income:
- Unrealized holding loss AFS securities ($22,000)
- Currency translation gain $26,250
- Unrealized loss from pension adjustment ($7,000)
- Total other comprehensive income/loss <u> ($2,750)</u>
Net income before taxes $553,855
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.