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hodyreva [135]
3 years ago
6

In one month, mikhail's furnishings can make 160 carpets or 160 quilts, while dominique's parlor can make 120 carpets or 200 qui

lts. Currently, mikhail's is making 80 carpets and 80 quilts per month while dominique's is making 60 carpets and 100 quilts. If from now on mikhail's starts making nothing but carpets and dominique's makes nothing but quilts, and the two shops trade 90 quilts from dominique's for 70 carpets from mikhail's every week, what will be each shop's gain from trade?
Business
1 answer:
mr_godi [17]3 years ago
3 0

Answer:

They both are in a better position after trading in 10 units of each product.

Explanation:

Since both companies decided to specialized production, the answer is comparing the total products they have after trading (2nd scenario) against the initial situation where both companies produced the 2 products. In this case, mikhail's will have 90 carpets, and 90 quilts and dominque's will have 70 carpets and 110 quilts. Comparing with the 1st scenario (without trading) both companies are in a better position having 10 units more of each product, so the trade benefited both in absolute terms

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Explanation:

4 0
3 years ago
Although generous disability insurance can help those who have been permanently injured, it can also increase the likelihood tha
emmasim [6.3K]

Answer:

B, Indirect incentive

Explanation:

An incentive is anything that motivates an individual to behave in a certain way. An incentive could range from money to many other things and it is the reason why an individual acts in a certain way.

For example, salary and bonuses are incentives for workers. This makes the worker work better and harder and more efficiently because he/she knows that there is something to encourage him for doing his/her work diligently.

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Cheers.

4 0
3 years ago
Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (
sukhopar [10]

Answer:

The correct answer are D, E and F

Explanation:

Current liabilities are the short-term obligations of the company or the business which are due within the period of one year or within a operating cycle. An operating cycle states the cash conversion cycle, which is the time taken by the company to purchase the inventory and then convert the inventory into cash through sales.

The items which can be classified as Current Liabilities are portion of the long term note which is due in 1 month, wages payable due in 7 days and  portion of the long term note which is due in 10 months.

7 0
3 years ago
Inez has a specific set of plans to build a sailboat. the plans are detailed in nature, and any boat builder can build the boat.
navik [9.2K]
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7 0
2 years ago
A company has $91,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
lilavasa [31]

Answer:

$5,360

Explanation:

The adjusting entry is shown below:

Bad debt expense  $5,360

       To Allowance for doubtful debts  $5,360

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful accounts as it reduced the assets

The computation is shown below:

= $91,000 × 5% + $810

= $5,360

8 0
3 years ago
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