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3 years ago

Which of these companies is taking advantage of the globalization of production?

Business

1 answer:

Helen [10]3 years ago

7 0

Answer:

A) Daily Diamonds, an American jewelry manufacturer, buys diamonds from South Africa and exports them to India for the cutting process.

Explanation:

The word 'globalization' means the world to be one where one can access to any part of the world if one wishes. And globalization of production means an individual or a firm can buy raw materials from one place of the earth and send it to other part of the planet or any place for further process and distribution or sale. Thus the option A best suits the answer where an American jewelry manufacturer buys diamonds form one part of the planet that is from South Africa and exports to India for further cutting process, which is at the different [part of the planet thus making the production process global.

Thus the answer is A) Daily Diamonds, an American jewelry manufacturer, buys diamonds from South Africa and exports them to India for the cutting process.

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Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round gross margin ratio to 1 d

denis-greek [22]

Answer:

Particulars Amount Amount Amount Amount

$ $ $ $

Sales 150,000 550,000 38,700 255,700

Less: Sales Discount 5,000 17,500 600 4,800

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allowances

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Less: Cost of goods 79,750 329,589 24,453 126,500

sold

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Gross margin ratio <u>36.20% 37.40% 25.90% 49.40%</u>

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3 years ago

Jamison Paints makes and sells paint to home improvement stores. Jamison's only plant can produce up to 12 million cans of paint

Olin [163]

Answer:

Jamison's current total cost of making and selling 10 million cans of paint is $75,000,000 and the current cost per can of paint is $7.5

Explanation:

For computing the current total cost, we need to apply the formula which is shown below:

Total cost = Fixed cost + variable cost

where,

Fixed cost = $15,000,000

And, the variable cost = Annual production × variable cost per plant

= 10,000,000 × $6

= $60,000,000

Now put these values to the above formula

So, the value would equal to

= $15,000,000 + $60,000,000

= $75,000,000

Now the current cost per can of paint would be

= (Total cost) ÷ (Annual production)

= ($75,000,000) ÷ (10,000,000)

= $7.5 per can of paint

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Answer:

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Explanation:

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