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Masja [62]
2 years ago
9

Country A is an extremely efficient producer of tin. However, its climate and terrain makes it difficult to produce corn. Accord

ing to the theory of comparative advantage, Country A should:__________.
Business
1 answer:
Advocard [28]2 years ago
7 0

Answer:

Theory of comparative advantage states that a country has a comparative in a production of certain commodities if the opportunity cost of producing these commodities is lower than the other countries.

Here, it is given that country A is a efficient producer of tin and there are some difficulties in producing corn. So, country A have to concentrate on the production of Tin and purchase the corn from any other efficient producer.

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A beverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the offici
jek_recluse [69]
Coke and yes 1 in 6 is correct
5 0
3 years ago
. Dolores used to work as a high school teacher for $40,000 per year but quit in order to start her own catering business. To bu
VladimirAG [237]

Answer:

The correct option is B

Explanation:

In order to compute the profit, the accountant consider the Explicit cost so,

Explicit Cost = Borrowed amount × Interest rate + Ingredients amount

                     = $30,000 ×  3% + $25,000

                     = $259,000

Where Revenue is $60,000

Profit = Revenue - Explicit Cost

        = $60,000 - $259,000

        = $34,100

Economic Profit is computed as:

Economic Profit = Total Profit - Implicit Cost

                          = $34,100 - $40,600

                          = - $6,500

where

Implicit Cost = Salary + Interest

                = $40,000 + ($20,000 × 3%)

                =  $40,000 + $600

                = $40,600

Therefore, Louis says profit is $34,100 and Greg says she lost $6,500

5 0
3 years ago
The financial statements of Vaughn Manufacturing Company report net sales of $643100 and accounts receivable of $92000 and $2600
Sloan [31]

Answer:

The correct answer is 10.9 times.

Explanation:

According to the scenario, computation of the given data are as follow:-

Average account receivable = (Opening account receivable + Closing accounts receivable) ÷ 2

= ($92,000 + $26,000) ÷ 2

= $118,000 ÷ 2

= $59,000

We can calculate the account receivable turnover by using following formula :-

Accounts receivable turnover = Net sales ÷ Average Account receivable

= $643,100 ÷ $59,000

= 10.9 times  

3 0
3 years ago
When a distributor is involved in international trade, there are two sets of invoices: one set between the exporter and the dist
Tanzania [10]

Answer:

A. True

Explanation:

Invoices also called bills in accounting is used for recording sales transactions and to account for requests and receipts for payments.

If a distributor becomes involved in trade beyond national borders, Two sets of invoices are used. The international trade invoices (1st set of invoices) being the transaction details between the seller (exporter from other country) and the buyer who is the distributor (importer). While the local or domestic involves (2nd set of invoices) would show transaction details between the distributor (who's now the seller) and the buyers or customers.

This happens because the two transactions are separate containing separate information of seller's and buyer's name, addresses, contacts details, tariffs or taxes and so on.

8 0
2 years ago
Establishing the structure of a portfolio to meet specific financial goals is called:
photoshop1234 [79]

Answer:

A I believe

Explanation:

4 0
3 years ago
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