Answer:
False
Explanation:
The Given Statement is False because the US does not have a comparable advantage or absolute advantage in Bananas. US cannot produce bananas as efficiently as other nations ( comparative advantage) and The US is not the only nation in the world to produce bananas. This called absolute advantage.
Answer:
$683,302
Explanation:
The computation of the materials budget for the year is shown below:-
Total Material required = Budgeted production units × Material Required per unit
= 31,600 × 7
= 221,200
Material to be purchased (Yards) = Total Material required + Desired Ending material inventory - Beginning Material inventory
= 221,200 + 4,200 - 4,980
= 220,420
Cost of Material to be purchased = Material to be purchased (Yards) × Price Per yard
= 220,420 × $3.10
= $683,302
Which career requires less education than an Auditor?
A) Accountant
B) Bookkeeper
C) Credit Analyst
D) Financial Manager
Answer: c. Contribution margin ratio = 1 − Variable cost ratio
Explanation:
The Contribution margin ratio is defined as the difference between the sales price of a good and it's variable costs. It is expressed as a percentage.
The formula is,
Contribution Margin Ratio = Sales - Variable Costs / Sales
Breaking the formula down further we have,
Contribution Margin Ratio = Sales/ Sales - Variable Costs / Sales
Contribution Margin Ratio = 1 - Variable Costs / Sales
Variable Cost/Sales is the Variable Cost Ratio.
So Option C is correct.
Accurate data entry speeds the correct payment of claims and lessens the chance of federal audit. Federal audit clearinghouse operates on behalf of the office of management and budget. its primary functions includes, distributing single audit reporting packages to federal agencies, support OMB oversight and assessment of federal award audit requirements, maintain a public database of completed audits and help auditors and auditees minimize the reporting burden of complying with single audit requirements.
