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3 years ago

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.

You might be interested in

Department S had no work in process at the beginning of the period. It added 13,600 units of direct materials during the period

lora16 [44]

Answer:

Cost of units completed = $176,528

Workings are attached:

Explanation:

Equivalent unit of production

An equivalent unit of production is an expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period. Basically the fully completed units and the partially completed units are expressed in terms of fully completed units.

Equivalent units are used in the production cost reports for the producing departments of manufacturers using a process costing system. Cost accounting textbooks are likely to present the cost calculations per equivalent unit of production under two cost flow assumptions: weighted-average and FIFO.

Conversion costs

Conversion costs is a term used in cost accounting that represents the combination of direct labor costs and manufacturing overhead costs. In other words, conversion costs are a manufacturer's product or production costs other than the cost of a product's direct materials.

Expressed another way, conversion costs are the manufacturing or production costs necessary to convert raw materials into products.

The term conversion costs often appears in the calculation of the cost of an equivalent unit in a process costing system.

For the sake of this question, we will be determining the equivalent units of production:

Units completed and transferred subject to material and conversion costs
Units in the closing inventory subject to material and conversion costs
We will then calculate the cost per units with respect to material and conversion costs for the equivalent units.
These cost per units will enable us to determine the cost of items completed.

Download xlsx

4 0

3 years ago

Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay one-third of the sales price of a jet s

ella [17]

Answer:

$115,000

Explanation:

Calculation to determine what Lake would recognize realized gross profit

First step is to calculate the Gross profit percentage

Gross profit percentage = [($690,000 − $345,000)/$690,000]

Gross profit percentage =$345,000/$690,000

Gross profit percentage =0.5*100

Gross profit percentage = 50%

Now let calculate the realized gross profit

Realized gross profit=50% × $230,000

Realized gross profit = $115,000

Therefore Lake would recognize realized gross profit of:$115,000

4 0

3 years ago

Can someone help me please?

creativ13 [48]

What's is this about

5 0

4 years ago

Currently Ark is charged $3,144,267 Depreciation on the Income Statement of Andrews. Andrews is planning for an increase in this

german

Question Completion:

A)Have no impact on the Net Cash from Operations as depreciation appears in both the Cash Flow and the Income Statement

B)Decrease Net Cash from Operations on the Cash Flow Statement

C)Increase Net Cash from Operations on the Cash Flow Statement

D)Just impact the balance sheet

Answer:

C)Increase Net Cash from Operations on the Cash Flow Statement

Explanation:

When Andrews increases the depreciation charge of $3,144,267 to a higher amount, this will decrease the net operating income. In computing the adjustment to net income for non-cash expenses, the increased depreciation will automatically increase the net cash from operations because of the tradeoff effects. So, on the financial statements of Andrews, specifically on the Statement of Cash Flows, the increased depreciation expense or charge will positively increase the net cash from operating activities.

4 0

4 years ago

Which of the following is not a qualitative technique an entrepreneur can use to evaluate the asking price of an LBO?

Viktor [21]

Answer: Under the given options, the following is not a qualitative technique an entrepreneur can use to evaluate the asking price of an LBO: Price-earnings ratio.

In this case all of the given options are qualitative except "Price-earning ratio".

A "price-earning ratio" denotes the quantitative relation for measuring a company's current share price proportional to its per-share earnings.

Therefore the correct option is (d)

8 0

3 years ago