Answer:
Clem should specialise in wheat production because he has higher profits there
Explanation:
Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.
If he produces only wheat he will have profit of 75 bushels * $2 = $150
If he produces only barley his profit will be 125 bushels * $0.80 = $100
This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.
Attacking someone else's opinion. I hope this helps!
Global trade provides consumers with MORE OPTION AND LOWER PRICES.
Explanation:
Global trade provides consumers the opportunity to be exposed to goods and services not available in their home countries. Products that are sold within an international trading market are considered exports, while those purchased from the global trade market are labeled as imports.
It is thought that Global trade provides consumers with a great variety of goods and more options delivered at lower prices. Global trade allows countries to exchange goods and resources. Some countries specialise in producing some goods, while other countries specialise in producing other goods. By doing so, there are lower opportunity prices for consumers and a greater choice of goods.
Answer:
A painter hired to paint your home.
Explanation:
Delegation of contractual duty occurs when the individual that is supposed to perform a task transfers the responsibility of performing the task to another person.
For example if someone is supposed to paint a house but he has other engagements. He can delegate to another painter to perform the painting.
Delegation does not transfer contractual rights as the original person still collects payment for performance of the task.
Usually delegation can occur for tasks that do not require special skill and can be performed by anyone.
In the other scenarios special skill is required so delegation will not be usually allowed.
Answer:
The cash disbursements for selling and administrative expenses should be $45,520
Explanation:
The selling and administrative (S&A) expenses have two parts: a variable one and a fixed one.
- The variable part depends on how many units have been sold. So, if the variable S&A expense per unit is $4.1, and 3,600 units are planned to be sold, the total variable S&A expense should be
- The fixed part does not depend on the units sold. It remains the same no matter how many units have been sold. Yet, it includes depreciation of $5,100. The depreciation does not represent an exit of money. It isn't part of the cash flow. So, the total fixed S&A expenses should be
- Finally, the total S&A expenses should be
