These countries can gain from trade because norway has an absolute advantage producing fish oil.
        
             
        
        
        
Answer:
$20,000
Explanation:
Calculation for What amount should Valet report in its 2021 income statement for unrealized holding loss
Using this formula
 2021 income statement for unrealized holding loss=Aggregate cost -Aggregate Fair value 
Let plug in the formula
2021 income statement for unrealized holding loss=$ 180,000-$ 160,000
2021 income statement for unrealized holding loss=$20,000
Therefore the amount that Valet should report in its 2021 income statement for unrealized holding loss is $20,000
 
        
             
        
        
        
Answer:
A Price: Remain constant, Level of Output: Remain constant, Profits: Increase
Explanation:
The image attached shows the different possible solutions. Options can be eliminated based on the problem statement. First, Options B, C and D can be discounted because of the change in output levels. From the information available, the technological innovation lowers marginal cost and cost of production, however it does not affect production time or output levels.
For the two remaining options, A and E, both are possible scenarios based on the information available.
Option E:
Price decreases, output level remains the same and profit remains the same. While this is a possible outcome, as the business is a monopoly, there is no incentive for the monopolist to reduce prices along with cost as they are already the only player in the market. Especially when the reduction in price does not result in increased profit.
Option A:
Price and output level remain constant, while profit increases. This is the most likely outcome as the business is a monopoly. The owner can take advantage of the reduced costs and sell at the same price to increase profits.
 
        
             
        
        
        
Answer:
units is the closest thing
Explanation:
it's usually called departmentalization but units is the next thing
 
        
                    
             
        
        
        
Answer:
Total allocated cost= $146.4
Explanation:
Giving the following information: 
Julie Stone visited the hotel for a 6-night stay. 
Julie had 3 meals in the hotel during the visit. 
guest check-in= $8.40 per guest check-in
room cleaning= $21.00 per room cleaning
meal service= $4.00 per served meal
<u>To allocate costs based on the activity, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
guest check-in= 8.40*1= 8.4
room cleaning= 21.00*6= 126
meal service= 4.00*3= 12
Total allocated cost= $146.4