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Marina CMI [18]
3 years ago
7

Suppose a small country has a comparative advantage in the production of consumer electronics, and it has one major electronics

firm that produces far more consumer electronics than the population can consume. This country exports a large quantity of consumer electronics but also imports a large quantity. Which statement best explains why the country imports consumer electronics?
a. Imports create greater competition in the domestic marketplace.
b. Other countries may have trade barriers blocking imported consumer electronics.
c. This country has both an absolute and a comparative advantage in this industry.
d. The government allows its one consumer electronics firm to enjoy a regulated monopoly.
Business
2 answers:
ale4655 [162]3 years ago
8 0

Answer:

a. Imports create greater competition in the domestic marketplace.

Explanation:

The company in the center of discussion has competitive advantage in producing electronics then means it is cheap for them to produce locally

We can define comparative advantage is an economic terminology that make to an economy's ability to produce goods and services at a cheaper cost than that the one of their trade partners. Comparative advantage also gives a company the ability to be able to sell goods and services at a cheaper price than that of its competitors and also realize broad sales margins.

zlopas [31]3 years ago
4 0

Answer:

Imports create greater competition in the domestic marketplace.

Explanation:

Comparative advantage is defined as the ability of a company to produce goods at a lower opportunity cost than other competitors. They can now sell the goods at lower prices.

If the company in this scenario have competitive advantage in producing electronics then it is xheap for them to produce.

When they export electronics and import again, it can only mean that the imported electronics have a competitive edge that the company wants to take advantage of. For example higher quality than what is available locally.

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A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: Th
xenn [34]

Answer:

The value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

Explanation:

Since the student's desired return of 6% will also start to be paid starting on his 65th birthday, the value of this deferred annuity today on his 50th birthday can be calculated by first calculating the value of the investment on the 65th birthday.

We therefore proceed with the following two steps:

Step 1: Calculation of the value of the investment on the 65th birthday

The value of the investment on the 65th birthday can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV at 65 = Present value of the annuity at 65th birthday =?

P = Annuity payment = Invested amount * Student's desired return = $8,900 * 6% = $534

r = Student's desired return rate = 6%, or 0.06

n = number of more years anticipate to live after 65th birthday = 21

Substitute the values into equation (1) to have:

PV at 65 = $534 * ((1 - (1 / (1 + 0.06))^21) / 0.06)

PV at 65 = $534 * 11.764076621288

PV at 65 = $6,282.02

Therefore, the value of the investment on the 65th birthday is $6,282.02.

Step 2: Calculation of the value of this deferred annuity today on his 50th birthday

The value of this deferred annuity today on his 50th birthday can therefore be calculated using the simple present value for as follows:

PV at 50 = PV at 65 / (1 + r)^N …………………………….. (2)

Where;

PV at 50 = the value of this deferred annuity today on his 50th birthday = ?

PV at 65 = Present value of the annuity at 65th birthday = $6,282.02

r = Student's desired return rate = 6%, or 0.06

N = number of years from 50th birthday to 65th birthday = 65 - 50 = 15

Substitute the values into equation (2) to have:

PV at 50 = $6,282.02 / (1 + 0.06)^15

PV at 50 = $6,282.02 / 2.39655819309969

PV at 50 = $2,621.27

Therefore, the value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

5 0
2 years ago
The Endot Manufacturing Company, a manufacturer and wholesaler of widgets, has provided you with the following financial informa
Katyanochek1 [597]

Quick ratio = 1.30 (Option C)

<u>Explanation:</u>

Quick ratio or acid test ratio is calculated as follows:

(Cash plus marketable securities plus accounts receivable ) divide by total current liabilities

In our question, we have been given with the data:

Cash = 45 million

Marketable securities = 33 million, accounts receivable = 66 million, total current laibailities = 111 million

So, let us now put the given values in the above stated formula:

Quick ratio = ( 45 plus 33 plus 66) divide by 111

After calculating we get, 1.30

Therefore, the quick ratio is 1.30

3 0
2 years ago
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginni
Fofino [41]

Answer:

Selling price for Job C $93,300  

Selling price for Job M $78,204

Explanation:

The computation of the selling prices for Job C and for Job M is given below:

But before that following calculations need to be done

Departmental overhead rates:  

Molding 6.50   (2.5 + (36000 ÷ 9000))

Customizing 6.70  (3 + (13320 ÷ 3600)

Particulars          Job C          Job M

Direct materials  $16,700       $9,900

Direct labor cost $23,400     $10,300

Overhead applied:  

Molding               $17,550       $40,950

                      (2700 × 6.50)  (6300 × 6.50)

Customizing       $20,100        $4,020

                     (3000 × 6.70)    (600 × 6.70)

Total manufacturing cost $77,750 $65,170

Add: Markup at 20% $15,550 $13,034

Selling price    $93,300    $78,204

7 0
2 years ago
Which of the following two methods are typically used for initial screening of​ investments, rather than for​ detailed, in-depth
OLga [1]

Answer:

A. payback and accounting rate of return

Explanation:

  • The initial screen is a practice method of excluding the investments form the portfolio basis on the social environment and governance and the screening is mot applicable to the investments.
  • Such as the mutual funds and the privately co-mingled funds. A positive screening means to exclude the companies that are environmental friendly have a socially responsible business practice.
4 0
3 years ago
Benefits are offered by employers to attract good employees.<br> a. True<br> b. False
elena55 [62]
True.
Companies offers benefits to be able to attract good employees.
As an employee I am aware that most of the employees demands for good benefits and if they no longer like the benefit offered by the company, they leave. That's why in order for a company to avoid that, they make sure to provide competitive benefits to their employees
6 0
3 years ago
Read 2 more answers
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