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Gemiola [76]
3 years ago
13

Don can produce 10 pens or 20 pencils in one hour, while Bob can produce 5, pencils or 15 pens in one hour. Which of the followi

ng statements us correct?
Business
1 answer:
slava [35]3 years ago
8 0

Answer:

c) Bob has a comparative advantage over Don in the production of pens

Explanation:

Comparative advantage is an economic term that refers to the ability of an individual, a company or a country to produce goods or services at a lower opportunity cost than others.  Comparative advantage enables a party to sell its products cheaper than others.

In this scenario, Bob produces 15 pens in an hour in comparison to Don, who produces only 10. It means Bob uses a  low cost of labor per pen in comparison to Don. Bob's production capacity of 15 pens also means a higher efficiency rate compared to Don. If a cost estimate were to be done, Bobs' pens would be more competitive in the market than Dons'.

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At the beginning of the year, Scaled Manufacturing estimates annual overhead costs tobe $1,200,000 and that 300,000 machine hour
Paraphin [41]

Answer:

Manufacturing overhead allocated= $1,260,000

Explanation:

Giving the following information:

Scaled Manufacturing estimates annual overhead costs to be $1,200,000 and that 300,000 machine hours will be operated. Using machine hours as a base.

The actual machine hours for the year were 315,000 hours.

We need to find the overhead applied. First, we need to determine the overhead rate.

Overhead rate= total estimated overhead for the period/ total amount of allocation base

Overhead rate= 1200000/300000= $4 per hour

Manufacturing overhead allocated= 315000 hours* 4= $1,260,000

4 0
4 years ago
On January 2 Kelly company performed $800 worth of services for a client. The client paid $100 immediately, but promised to pay
Sliva [168]

Answer:

$100, $700, $800

Explanation:

Calley Journal entries would include:

Debiting $100 to the cash account

Debit the $700 to the receivables account

Credit $800 to the revenue account

This follows the double entry rule that a credit in one account must correspond to at least one debit in another account.

We debit all asset accounts(receivables,cash) when increased and credit all liabilities account when increased. We credit all income account(revenue) when increased and debit all expenses account when increased.

6 0
3 years ago
Read 2 more answers
A company's net profit Margins M, expressed as a percent is determined using the formula M = 100l/R where I represent net income
Nikitich [7]

Answer:

3.37%

Explanation:

M = 100l/R.

M = 100 x $254,000 / $7,548,000 = 3.3651...

Rounding to the nearest hundredth, we get the net profit margin is 3.37%.

5 0
3 years ago
Endorsement occurs when an athlete licenses his or her name to be used as a type of testimonial for a product or service.
asambeis [7]

Endorsement occurs when an athlete licenses his or her name to be used as a type of testimonial for a product or service. The use of technology is not a factor in entertainment and sports marketing. The intersection of entertainment and marketing is known as destination branding.

<h3>What is Endorsement?</h3>

An endorsement can be an update to a contract or document, such a life insurance policy or a driver's license, or it can be a signature approving the legal transfer of a negotiable instrument between parties. An endorsement is a public declaration of support for a person, thing, or service.

  • Although an endorsement can have many distinct connotations, the most have to do with permission or authority.
  • When someone signs a check, they are said to be endorsing it with their signature or a similar stamp, which authorizes the payment or transfer of funds.
  • Endorsements can relate to modifications made to agreements or legal records, like life insurance policies or driving records.

To learn more about Endorsement from the given link:

brainly.com/question/24532887

#SPJ4

3 0
2 years ago
What type of corporation sells millions of shares and must furnish complete information about its earnings, assets, and debts
White raven [17]

Corporation often sells shares periodically. The type of corporation sells millions of shares and must furnish complete information about its earnings, assets, and debts is known as Public Corporation.

  • The Public corporation is known to usually sells millions of shares of stock to many stockholders.

This is known to be a type of corporation make its financial information known to the general public and can be called an open corporation.

A public corporation is known as a corporation that is often owned and run by a government, set up for the administration of some specific public programs.

Learn more about Public corporation from

brainly.com/question/1361751

7 0
2 years ago
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