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Georgia [21]
3 years ago
12

The benefits of trade extend beyond simple exchange. For example, trade allows us to take advantage of _____, the reduction in c

osts that arise when goods are mass-produced.
Business
1 answer:
MAVERICK [17]3 years ago
6 0

Answer: Economies of sale

Explanation:

 The advantage of economics of sale in the firm is refers to the increase in the level of the output and it also helps in developing the various types of rapid economic for the purpose of supporting the large firms in the specific geographical areas.

According to the given question, the benefits of the various types of trade allows for using the main concept of the economics of sales by reducing the overall cost of the system.

The main advantage of the economics if sale is to providing the large business expansion and it also increase the productivity that is sales in an organization.

 Therefore, Economies of sale is the correct answer.

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g Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in
finlep [7]

Answer:

Conversion cost per equivalent unit = $4.76

Explanation:

Conversion cost per equivalent unit = Total conversion cost / Equivalent units

Conversion cost is the sum of the direct labour cost and the factory overhead cost.  

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:  

Equivalent units = Degree of work done(%) × units of inventory

Equivalent units

Item                           Unit                                            Equivalent unit

Completed unit         140,000         140000× 100%      140,000

Closing inventory      31,000             31,000× 30%        <u> 9,300</u>

Total equivalent unit                                                       <u>149,300</u>

Completed units = opening inventory + units started in the period - closing inventory

Completed units = 27000 + 114,000 - 31,000 = 140,000

The conversion cost = 50,850  + 601,150 = 652,000  

conversion cost per equivalent unit = 652,000 /140,000 = 4.65

Conversion cost per equivalent unit = $4.76

6 0
2 years ago
If a company has 5 employees with annual salaries of $90000 $60000 $70000 $90000 and $20000 respectively what is the mean annual
lana [24]
The Mean Of The Annual Salary Is $66000
It is because 90000+60000+70000+90000+20000=330000. 330000 Divided By 5 Equals 660000. You find the mean by adding all the numbers together, then dividing by the number of how many numbers there are, if that makes sense.
~Spades



5 0
3 years ago
Read 2 more answers
Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities.
storchak [24]

Answer:

Ans. your monthly payment, for 30 years is $9,257.51 if you buy a property worth $1,000,000 and you make a down payment of $100,000

Explanation:

Hi, first we have to change the fixed rate in terms of an effective monthly rate, which is 1% effective monthly (12% nominal interest/12 =1% effective monthly). After that, take into account that the property is going to be paid in 30 years, but since the payments are going to be made in a montlhly basis, we have to turn years into months (30 years * 12 = 360 months).

After all that is done, all we have to do is to solve the following equiation for "A".

PresentValue=\frac{A((1+r)^{n} -1)}{r(1+r)^{n} }

Where:

A= Annuity or monthly payment

r= Rate (effective monthly, in our case)

n= Periods to pay (360 months)

Everything should look like this.

900,000=\frac{A((1+0.01)^{360} -1}{0.01(1+0.0.1)^{360} }

900,000=A(97.2183311)

\frac{900,000}{97.2183311} =A

A=9,257.51

Best of luck.

6 0
3 years ago
Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 2%; scenario
const2013 [10]

Answer: b. 36 years under scenario A, versus 18 years under scenario B.

Explanation:

The Rule of 72 is a rule in finance that will allows for the calculation of how long it will take for an investment to double given its interest rate.

The time is calculated by dividing 72 by the interest rate in question.

Scenario A

= 72/2

= 36 years.

Scenario B

= 72/4

= 18 years.

6 0
2 years ago
Eric is an inventory manager at a garment manufacturing firm. How should he plan the ordering of inventory? A. He should order l
fiasKO [112]

Answer:

B

Explanation:

i just took the test and got it correct

3 0
2 years ago
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