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AVprozaik [17]
3 years ago
9

Ginger and Maryann are lost in the jungle, where the only things to eat are mangoes and fish. Ginger can gather mangoes faster t

han Maryann and can also catch more fish per hour than can Maryann. Therefore,
A. Ginger should specialize in fishing because it is harder than gathering mangoes, and Maryann should specialize in gathering mangoes.
B. Ginger should strike out on her own, because Maryann reduces their combined productivity.
C. Maryann should specialize in the activity for which she has a comparative advantage.
D. Ginger should specialize in the activity for which she has an absolute advantage.
Business
1 answer:
Lyrx [107]3 years ago
5 0

Answer:

C. Maryann should specialize in the activity for which she has a comparative advantage.

Explanation: Being able to produce goods by using fewer resources, at a lower opportunity cost is comparative advantage. Maryann should specialize in the activity where she has this.

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A jewelry store promises to deliver custom-made wedding rings to a buyer within 2 weeks. However, it charges ten percent of the
Serggg [28]

Answer:

The correct answer is letter "B": It is taking deposits and progress payments.

Explanation:

Advance deposits and progress payments are the amount of money taken by an organization as part of the total amount charged for a good or service that is going to be provided. It is a form of endorsement that proves the buyer has a real intention in acquiring the good or service but also helps the organization to have immediate cash flow to pay for expenses such as the raw material that will be used for production (in the case of a good).

8 0
3 years ago
A machine cost $1104000, has annual depreciation of $184000, and has accumulated depreciation of $874000 on December 31, 2020. O
Dafna11 [192]

Answer:

$1,242,000

Explanation:

The new machine is to be recorded at its Fair Value which is $1,242,000 because the exchange has a commercial substance. Asset forgone is credited by its original cost, and accumulated depreciation till date of exchange is debited. Cash paid and loss or gain is adjusted as required. But the new asset is debited by the amount of its Fair Value on the day of exchange.

8 0
3 years ago
Kim Airedale, a manager of Waggers, Inc., was reviewing the water bills of a dog daycare and spa. She determined that its highes
DIA [1.3K]

Answer:

D. $2.67

Explanation:

On the high-low method we compare the diference between the highest level and lowest level of activity.

highest 500 dogs 3,600 (fixed + variable cost)

less

lowest 200 dogs 2,800 (fixed + variable cost)

300 dogs    800 variable cost

800/300 = variable cost per dog = 2.6666667 = (2 + 2/3) variable cost of water bill

800 x (2 + 2/3) + fixed cost = 3,600

2133,3333 + fixed cost = 3600

fixed cost = 3,600 - 2,133.33 = 1,466.66667

8 0
3 years ago
Prepare an amortization schedule for a three-year loan of $63,000. The interest rate is 10 percent per year, and the loan calls
Kobotan [32]
Present value, P=63000interest rate, i = 10% compounded annuallyNumber of periods, n = 3 years
For equal payments, A=\frac{P(i*(1+i)^n)}{(1+i)^n-1}=\frac{63000(0.10*(1+0.10)^3)}{(1+0.10)^3-1}
=25333.23    per annual payment to the nearest cent
3 0
3 years ago
Read 2 more answers
What would you do if you were offered a promotion that you were not certain about accepting? What factors would you take
antiseptic1488 [7]

Answer:

There are several factors to consider when accepting a new job offer. It is necessary to analyze whether the working conditions are in accordance with your expectations and career plan.

It is important to consider the roles and responsibilities of the position that you may assume, analyzing the job's assignments will give you a margin to consider whether the job offer is in line with your profile. It is also important to analyze the remuneration and benefits package offered to the position, as this can be advantageous and will influence your choice of accepting or not the offer.

Finally, it is important to analyze whether the offer is an opportunity that will contribute to your personal and professional growth, as in the work environment, there will always be new challenges that will be positive for the development of new skills and knowledge.

3 0
3 years ago
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