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Amanda [17]
3 years ago
14

Which option best explains why countries trade with each other?

Business
2 answers:
MaRussiya [10]3 years ago
7 0

D. to obtain goods they cannot produce efficiently is the only option that makes sense in the context of the question.

melisa1 [442]3 years ago
4 0

Answer:

The correct answer would be D, to obtain goods they cannot produce efficiently.

Explanation:

Export is the sending of goods to another country to sell them. Import is the receiving of goods in your country after purchasing them. Imports and exports are the concepts that are very common between the countries. These are the basically the trades that take place between countries. In the given question, the best sentence that describe the concept of why countries trade with each other is option D, i-e, countries trade with each other in order to obtain the goods that they are unable to produce efficiently in their own country. There are many reasons why a country is unable to produce some products efficiently. In short, when a country is unable to produce a certain good for its people, the government import that product from other countries for its people.

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Answer:

The selling price for Job A is $75,978.00

Explanation:

                                        Molding          Finishing          Totals

Machine hours                 4000                1000             5000

Fixed mnf. overheads      19600               2400           22000

Variable manufacturing  

Overheads per machine hours 1.1                2.1

                                                                <u>   JOB A</u>                  <u>JOB B</u>  

Direct materials                                         13,600                    7500

Direct labour costs                                    20,700                  7400

Molding machines      2700*1.1=              2,970  

Finishing        400*2.1=                               840

Fixed mnf: molding 19600*4000/5000= 15,680

Fixed mnf: finishing   2400*1000/5000= <u>  480     </u>

Total cost    (sum of all the above)            $54,270

Mark up = 40%

Mark up=gross profit (GP)*100/cost

40%= GP*100/54270

40*54270/100= GP

GP= 21,708

Sales= cost + GP  

Sales= 21,708+54,270

Sales= $75,978.00

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