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denis23 [38]
4 years ago
9

What does it mean to have an "absolute advantage” in production?

Business
1 answer:
Shalnov [3]4 years ago
5 0

Answer:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources

(i.e :  India has an absolute advantage in operating call centers compared to the Philippines because of its low cost of labor and abundant labor force.)

Explanation:

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J&J Corporation's year-end 2018 balance sheet lists current assets of $250,000, fixed assets of $800,000, current liabilitie
Ierofanga [76]

Answer:

The answer is B. $555,000

Explanation:

Please note that the student meant $300,000 for non-current liability and not $350,000

Stockholder's equity = total asset - total Liability

Total asset = current asset + fixed asset

= $250,000 + $800,000

= $1,050,000

Total liability = current Liability + non-current liabilities

= $195,000 + $300,000

= $495,000

Therefore, shareholder's equity is

$1,050,000 - $495,000

$555,000

7 0
4 years ago
Shady lawyer. Brice had a number of ethical issues come up in law school involving alleged cheating but managed to graduate beca
Pie

Answer:

A. Brice has caused Susie to experience duress

Explanation:

Based on the information given BRICE HAS CAUSED SUSIE TO EXPERIENCE DURESS is true regarding Brice's attempt to obtain additional fees based on the fact Brice is threatening , Forcing and persuading Susie to do things against her will by threatening to report her due to her failure to pay income tax because she said that Brice does not have the legal right to obtain the money from the estate unless she kept her mouth shut and agree to the terms of the contract, which inturn makes Brice to attempt to collect additional fees based on Sam divorce case in return for not reporting her.

3 0
3 years ago
Elon is a manager who organizes his department into teams at the beginning of September. By November, he worries because the tea
Diano4ka-milaya [45]

My best advice to give Elon is to be patient because the teams are in the storming stage.

<h3>What is a storming stage?</h3>

A storming stage is characterized by employee starting to push against the established boundaries which could led to Conflict

Because the team are in storming stage, the manager need to give them time to reach the norming and performing stages.

In conclusion, my personal best advice is to Elon is to be patient because the teams are in the storming stage

Read more about storming stage

<em>brainly.com/question/25637878</em>

5 0
3 years ago
Miller Company expected to incur $ 15,000 in manufacturing overhead costs and use 6,000 machine hours for the year. Actual manuf
Vsevolod [243]

Answer:

The predetermined overhead allocation rate is $2.5 per machine hour

Explanation:

Predetermined overhead allocation rate is calculated by dividing the Expected overhead by the Expected level of activity on which the overhead is allocated. It is a rate at which the overhead is allocated to a product / project/ department.

Predetermined overhead allocation rate = Expected overhead / Expected activity

Predetermined overhead allocation rate = Expected overhead / Expected machine hours

Predetermined overhead allocation rate = $15,000 / 6,000 machine hours

Predetermined overhead allocation rate = $2.5 per machine hour.

8 0
3 years ago
Framjam Sports Equipment produces basketballs at its factory in Kentucky and soccer balls at its factory in Illinois. At its cur
liubo4ka [24]

Answer:

0.15

Explanation:

The computation of the degree of economies of scope in this case is given below:

(cost of producing basketballs + cost of producing soccer balls - annual cost of production) ÷ annual cost of production

= ($70,000 + $45,000 - $100,000) ÷ $100,000

= 0.15

7 0
3 years ago
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