<span>Free trade refers to a situation where the government doesn't restrict what goods and services it's citizens can purchase or sell to another country. taxes are not imposed on goods that are produced and sold within a country goods and services are offered for free to the citizens by a government a government does not try to influence what its citizens can buy from global markets firms that function in a country are not taxed on the profits that they generate</span>
Answer:
Raw materials purchases cost for May 10,160
Explanation:
May production
sales 2,470
ending 2,130
beginning <u> (2,200) </u>(ending of April)
<em>units to be produced 2,400</em>
Raw material budget
production needs 2,400
desired ending inventory
2,600 x 70% = 1,820
beginning inventory
may production x 70%
2,4000 x 70% = (1,680)
total raw materials purchase 2,540
It will puchase raw materials for 2,540 units. Each units require $4 of raw materials.
total cost for raw materials:
2,540 x $4 = 10,160
Answer:
B. each customer's reservation price.
Explanation:
Reservation price is the highest amount a buyer would be willing to pay for a good or service.
I hope my answer helps you
The mutual understanding and listening to both parties. It helps create a stronger work relationship (this isn’t the exact answer it’s just in my own words)
Answer:
a. The total profit would be positively affected as it increases
Explanation:
1. We calculate the value of revenue per 8000 gallons with the initial chemical compound and processed into the new variant
Revenue Initial Chemical Compound= 8000 gallons X ($52/gallon)
Revenue Initial Chemical Compound=<em><u> $ 416.000</u></em>
Revenue Chemical compound processed into the new variant=8000 gallons X ($83/gallon)
Revenue Chemical compound processed into the new variant= <u><em>$ 664.000</em></u>
2. If we consider that the other production costs will be the same for the two chemical compounds, then the only difference will be the processing cost to refine the basic compound into the new variant. For this reason, we substract only the value of processing the basic compound into the new variant for the revenue of this.
<u><em>$ 664.000 - $160.000= $504.000</em></u>
3. The benefit values for each case are:
Initial Chemical Compound: $416.000
Chemical compound processed into the new variant: $504.000
In conclusion, greater benefit is obtained by processing the basic compound in the new variant than if the basic compound were sold only
