-Whenever countries have different opportunity costs in production they can benefit from specialization and trade.
-Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.
Answer:
72000
Explanation:
Break even formula:
Break even in units=Fixed cost/Contribution margin per unit
= $ 36,000 / $ 6
= 6,000 Units
[Contribution margin=Sales price-Variable cost=12-6]
Break Even in Dollars = Break Even in Units * Selling Price Per Unit
= 6,000 Units * $ 12 Per Unit = $ 72,000
Answer:
Debit bad debt expenses with $1,680, and credit Accounts receivable also with $1,680.
Explanation:
Uncollectibles = Accounts receivable × 1.50% = $112,000 × 1.50% = $1,680
The December 31 year-end adjusting entry for uncollectibles will be as follows:
<u>Details Dr ($) Cr ($) </u>
Bad debt expenses 1,680
Accounts receivable 1,680
<u><em>Being the amount Accounts receivable estimated to be uncollectible</em></u>
<u><em /></u>
The total cost of the consulting job = (Indirect cost per hour + Direct cost per hour ) * Total hours
The total cost of the consulting job = ( $11 per hour + $60 per hour ) * 20 hours
= $ 71 * 20 = $ 1,420
Here , the Indirect cost per hour is $ 11 ( 7,700 / 700 )
Direct cost per hour is $ 60
And the total number of hours billed is 20
Explanation:
Efficiency reduces hunger and malnutrition because goods are transported farther and quicker. Also, advances in efficiency allow greater productivity in a shorter amount of time. Efficiency is an important attribute because all inputs are scarce.
