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Nadya [2.5K]
3 years ago
14

"

Business
2 answers:
ss7ja [257]3 years ago
8 0
As seen in the chart  B has the comparative advantage in coal because 1/3 > 1/5 It means they are better at producing coal than the U.S.Have in mind examples like:
U.S. 
1 barrel of oil = 4 hrs 
1 ton of coal = 5 hrs 

B 
1 barrel of oil = 7 hrs 
1 ton of coal = 3 hrs 
After seeing this we can say that the country which has more availability has a comparative advantage over other countries.
Hope this helps
tekilochka [14]3 years ago
5 0

Country B has the comparative advantage in coal because in 1 hour they can produce 1/3 ton of coal which is more than the US who produces 1/5 ton of coal in the same amount of time. I think that the country which has more availability will end up having the comparative advantage over the other countries. International trade is based on the comparative advantage and most developing Arabic countries have the availability of oil have the comparative advantage.

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Suppose that the production function faced by a 30-weight ball bearing producer is given by Q- 4KL, where MP = 2K2 and MP = 2K L
Delicious77 [7]

Answer and Explanation:

The answer is attached below

6 0
3 years ago
The total factory overhead for Rowland Company is budgeted for the year at $652,000 and divided into two departments: Fabricatio
vlabodo [156]

Answer:

$86

Explanation:

The total overhead for Rowland Co. = $652,000 per annum (p/a). broken down across two departments as follows:

Department/Item                     (Treadmill)      ||     (Weight Machine)

                                                    (Direct labor hours in production)      Total

Fabrication = $460,000 p/a            3              ||                 2

Assembly = $192,000 p/a                1              ||                 5

Nos of Units for production            4000          ||              4000

To produce 4000 Weight Machines, would require 8000 fabrication hours and 20,000 assembly hours. while, 4000 treadmills will require 12,000 fabrication hours and 4,000 assembly hours.

Total number of Fabrication hours for the year is 12,000 + 8,000 = 20,000.

Total number of assembly hours for the year is 20,000 + 4,000 = 24,000

Unit cost per hour of fabrication (uF) = $460,000/20,000 = $23

Unit cost per hour of assembly (uA) = $192,000/24,000 = $8

Therefore, the allocated overhead per unit for each weight machine

= (2 * $23) + (5 * $8) = $46 + $40 = $86

3 0
3 years ago
Suppose that a company is a price taker and sells its product for $15 each. This tells us that the firm is participating in the
galben [10]

Answer:

perfect competition; equal to $15

Explanation:

A Perfect competition industry is characterised by :

1. Firms that are price takers - They do not set price but prices are set by the forces of demand and supply.

2. Prices are equal to marginal revenue and average revenue.

3. plenty buyers and sellers.

4 free entry and exist of firms.

A monopolistic industry is chartcerised by :

1. Firms that are price makers.

2. Plenty buyers and sellers.

3. Price and average revenue are less than the marginal revenue

A monopoly is characterised by :

1. Firms that are price makers.

2. One seller

3. Price and average revenue are less than the marginal revenue

6 0
3 years ago
The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a buil
Lana71 [14]

Answer:

Cash flows from operating activities section

                                                                  Amount in $  

Net income                                             210,000.00    

Depreciation                                              62,500.00        

Change in Accounts Receivable              -2,400.00

Change in Inventories                              13,500.00  

Change in Prepaid Expenses                 -600.00

Change in Accounts Payable                      3,800.00  

Change in Salaries Payable                    <u>     -750.00</u>

Cash flows from operating activities    <u> 286,050.00</u>    

Explanation:

The operating activities includes net income, depreciation and changes in current assets and current liabilities. The depreciation as a non-cash item is added back in the cash flows statement.

An increase in current assets represents an outflow of cash hence the negative value and vice versa. The increase in current liabilities represents an inflow of cash hence it is positive and vice versa. Below are the changes.

                                          Amount in $   Amount in $   D ifference

Change in Accounts Receivable  71,000    73,400       (2,400.00)

Change in Inventories                140,000    126,500   13,500.00  

Change in Prepaid Expenses    7,800       8,400      (600.00)

Change in Accounts Payable  62,600    66,400      3,800.00  

Change in Salaries Payable             9,000       8,250      (750.00)

7 0
3 years ago
On January 1, 2021, Legion Company sold $250,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December
notsponge [240]

Answer:

The bond interest expense to be shown in profit or loss as t 30 June 2021

$9,838.56

Explanation:

The bond interest expense is the actual finance cost of using the funds made available by bondholders while the coupon payment is the portion of the finance cost paid to them periodically.

Interest expense=bonds cash proceeds*yield to maturity*6/12

bonds cash proceeds is $163,976

yield to maturity is 12%

interest expense=$163,976*12%*6/12=$9,838.56  

5 0
3 years ago
Read 2 more answers
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