Answer:
B) Country A uses fewer resources to produce corn than Country B does.
Explanation:
An absolute advantage is a situation where a country or a company can produce some goods and services using fewer inputs compared to competitors. The company can produce more quantity of using the same amount of inputs than others. A country with an absolute advantage will manufacture a product at a lower cost than other countries or companies.
Absolute advantage enables companies and countries to gain from trade. Through specialization, a company will focus on what it can produce at a lower cost than others, and sell it. Country A has an absolute advantage if it can produce corn at a lower cost than country B.
Answer:
D Select the cost allocation bases.
Explanation:
An allocation base OR cost allocation based is the foundation on which Cost accounting apportions the overhead costs. An allocation base can come inform of a quantity, such as the used machine hours, the consumed electricity kilowatt hours (kWh), or the square footage that is being occupied.
the ABC implementation step in order will be to select the cost allocation bases.
Answer:
$1,680,000
Explanation:
Based on the information given we were told that the fair value of the building was the amount of $1,680,000 which means that the amount that the company would record the building is the fair value amount of $1,680,000.
Therefore the amount that the company would record the building is $1,680,000.
Answer:
6 hours
Explanation:
Let k = time it takes Karen to paint the house alone
then according to the question,
(2/3)(k)(1/k + 1/12) = 1
⇒(2k/3)(1/k + 1/12) = 1
⇒(2k)(1/k + 1/12) = 3
⇒(2 + k/6) = 3
Multiplying both sides by 6:
12 + k = 18
k = 6 hours
therefore Karen takes 6 hours to complete the Task.