Answer:
The correct answer is: The second option.
Explanation:
As Anne is a bargain-minded shopper, she will constantly look for paying less as much as the purchases allow it. To determine which option is the less-expensive in the example, Anne should <em>determine what is the cost per toothpaste unit</em> at each of the two local supermarkets. Thus,
- First option:
- Suppose the price of each toothpaste is "n".
- The store offers is buy 2 and get 1 free.
- Then, Anne is getting 3 toothpastes paying only for 2 or: 2 x n = 2(n).
- It implies the price of each toothpaste is:
- Second option:
- As the toothpaste price is equal in both stores, it will be "n"
- The store offers a 40% discount on each toothpaste.
- Thus, each toothpaste is only 60% of "n" or:
So, <em>the less-expensive choice was the second.</em>
Answer:
should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Country A should specialise in the production of beans and B should specialise in the production of rice
Answer:
<u>Cash flows from operating activities 271,000</u>
Explanation:
net income 250,000
depreciation +40,000
amortization +9,000
Net Income adjusted 299,000
↑AR -4000
↑Inventories -12,000
↓Prepaid Expenses 2000
↓AP -14,000
Changes in working capital -28,000
Cash flows from operating activities <em>271,000</em>
The Cambridge's gross profit from this sale was $ 60,000.
<h3>
What is gross profit?</h3>
Gross profit is the amount a business makes after deducting the expenses associated with manufacturing and marketing its products or providing its services. Gross profit, which appears on an organization's income statement, can be calculated by subtracting the cost of goods sold (COGS) from revenue. An organization's income statement will contain numbers. Other of names for the gross profit include sales profit and gross income. Generally speaking, fixed costs are not included in gross profit (that is, costs that must be paid regardless of the level of output). Rent, advertising, insurance, salaries for staff not involved in the production directly, and office supplies are some examples of fixed costs.
To learn more about gross profit, visit:
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Answer:
None of the answer is correct.
Explanation:
When Marvin purchase stock in March 2020 at a price of $28. The exercise price for the stock is $20. When Marvin will sell the stock at the exercise price he will gain on the sale of the stock. AMT is the difference or spread between the stock exercise price and its underlying fair market value.