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Travka [436]
3 years ago
11

Rob Bill Berries 20 30 Fish 80 60 Rob Crusoe and Bill Friday spent their week-long vacation on a desert Island where they had to

find and prepare their own food. Rob and Bill spent one day each fishing and picking berries. The table lists the pounds of output Rob and Bill produced. Use the table above to select the statement that accurately interprets the data in the table. A) Rob has an absolute advantage in picking berries and Bill has an absolute advantage in catching fish. B) Bill has an absolute advantage in picking berries and Rob has an absolute advantage in catching fish. C) Bill has an absolute advantage in picking berries and catching fish. D) Rob has an absolute advantage in picking berries and catching fish.
Business
1 answer:
OLEGan [10]3 years ago
8 0

Answer:

<em>B) Bill has an absolute advantage in picking berries and Rob has an absolute advantage in catching fish.</em>

Explanation:

Absolute advantage in the manufacturing of a product means that more of that products are produced by the nation when compared with other countries with current or available resources.

Rob and Bill spent one day picking berries and catching fish here in the above scenario. Bill has picked more berries than Rob has. Rob caught more fish than Bill did.

You might be interested in
An example of technological change is A. a firm rearranging the layout of a retail store to increase salesthe layout of a retail
nirvana33 [79]

Answer:

The correct answer is option D.

Explanation:

Technological change refers to an improvement in the efficiency of a product such that the output level increases without an increase in input.  

Here, the rearranging of layout and training of workers is technological change as they are likely to increase production without an increase in inputs.  

Damages caused by a hurricane will reduce the output level, so it will not be classified as a technological change.

3 0
3 years ago
BenchMark, Inc., just paid a dividend of $3.45 on its stock. The growth rate in dividends is expected to be a constant 5 percent
Ludmilka [50]

Answer:

BenchMark, Inc.

The current share price for the stock is:

$43.13

Explanation:

Dividend per share = $3.45

Growth rate = 5%

Investors' required rate of return = 13%

Stock value = Dividend per share / (Required Rate of Return – Dividend Growth Rate)

= $3.45/(0.13 - 0.05)

= $43.13

b) To determine BenchMark, Inc.'s current share price divide the dividend per share by the required rate of return after subtracting the growth rate from the required rate of return.

8 0
3 years ago
Which e-commerce business model used in procurement and sourcing has a seller-operated service that consists of a number of elec
SIZIF [17.4K]

Answer:

The correct answer is: electronic marketplace.

Explanation:

An electronic marketplace gathers sellers and suppliers through the worldwide web who offer their products virtually to fasten the purchase process and reach a larger number of consumers. These characters have a well-structured business even if it is not physical. Their objective is to give consumers to shop online without the need of going to the store in person.

5 0
3 years ago
Cushing Manufacturing assigns overhead based on machine hours. The MillingDepartment logs 1,800 machine hours and Cutting Depart
morpeh [17]

Answer:

Explanation:

The journal entry is shown below:

Milling work in progress A/c Dr $9,000

Cutting work in progress A/c Dr $15,000

     To Manufacturing overhead A/c             $24,000

(Being overhead allocation is recorded)

The milling work in progress is computed by

= Milling department machine-hours × $ overhead rate

= 1,800 machine hours × $5

= $9,000

And, The cutting work in progress is computed by

= Cutting department machine-hours × $ overhead rate

= 3,000 machine hours × $5

= $15,000

5 0
3 years ago
Assume that Horicon Corp acquired 25% of the common stock of Sheboygan Corp. on January 1 for $300,000. During the year Sheboyga
sergejj [24]

Answer:

Cash $60,000 (debit)

Investment Income $60,000 (credit)

Explanation:

It is Important to note that the Acquirer (Horicon Corp) is a Corporate.

The Acquisition of 25% of the common stock of Sheboygan Corp constitute an Asset for Horicon Corp since Economic Benefits are expected to be received from the Investment.

The Receipt of Dividends from these shares will constitute Investment Income and the entry is as follows :

Cash $60,000 (debit)

Investment Income $60,000 (credit)

6 0
3 years ago
Read 2 more answers
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