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3 years ago

Question 1 OTU

Business

2 answers:

timurjin [86]3 years ago

7 0

Answer:

B. Company A has a comparative advantage in the production of

rakes

Explanation:

Alchen [17]3 years ago

3 0

Answer:

B. Company A has a comparative advantage in the production of

rakes

Explanation:

Comparative advantage describes the ability of an enterprise to produce a particular product, goods, or services at a lower price in comparison to rivals. It means that the enterprise uses fewer inputs such as labor, capital, or land to produce. A company with a comparative advantage will manufacture more goods with the same quantity of inputs.

Company A produces rakes at $15 while company B produces at $17. Company A, therefore, has a comparative advantage over company B in the production of rakes. It means company A use fewer resources rakes than company B. Company A can sell rakes at a lower price than company B.

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Suppose that initially a bank has excess reserves of $800 and the reserve ratio is 20%. Then Andy deposits $1,000 of cash into h

Stella [2.4K]

Answer: Bank can lend an additional $1100.

Explanation:

Given that,

Bank's initial excess reserves = $800

Reserve ratio = 20%

New deposits = $1,000

Required reserves = 20% of 1000 = $200

So, the banks have to keep $200 in reserves and can lend rest $800.

As given in the question that bank lends $500 to molly and has an excess reserves of $800, so the bank can lend an additional $1100.

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3 years ago

B&T Company's production costs for May are: direct labor, $18,000; indirect labor, $5,800; direct materials, $14,200; proper

matrenka [14]

Answer:

The total overhead cost for May = $7,700

Explanation:

Given:

Direct labor cost = $18,000

Indirect labor cost = $5,800

Direct materials = $14,200

Property taxes on production facility = $860

Factory heat, lights and power = $920

Insurance on plant and equipment = $120

Now,

the overhead cost includes the costs that are not directly related with the production of the product i.e it includes:

Indirect labor, Property taxes on production equipment, Heat light and power,and Insurance on plant and equipment

Therefore,

The total overhead cost for May = $5,800 + $860 + $920 + $120

The total overhead cost for May = $7,700

8 0

3 years ago

On September 1, Home Store sells a mower (that costs $240) for $540 cash with a one-year warranty that covers parts. Warranty ex

Fudgin [204]

Answer:

Cash $540 (debit)

Cost of Goods Sold $240 (debit)

Sales Revenue $540 (debit)

Inventory $240 (credit)

Warranty Provision $38 (debit)

Direct Materials $38 (credit)

Explanation:

September 1 entries to record the cost and sale of the mower are :

Cash $540 (debit)

Cost of Goods Sold $240 (debit)

Sales Revenue $540 (debit)

Inventory $240 (credit)

The Warranty Expenses is recorded as :

Warranty Expense $32.40 (debit)

Warranty Provision $32.40 (credit)

Warranty = $540 × 6% = $32.40

When the mower is brought i for repairs, the amount of Provision is used as follows :

Warranty Provision $38 (debit)

Direct Materials $38 (credit)

3 0

3 years ago

Circus Pizza contracted with Art to run its birthday parties. Art's responsibilities included supervising the children and organ

Dmitriy789 [7]

Answer:

Explanation:

May be held liable on the basis of negligent hiring.

Negligent hiring is a clame (legal) made againts an employer, argues that an employer should have known the background of the employee

5 0

3 years ago

STatiana [176]

False advertisement maybe? What are the options??

8 0

3 years ago