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Hunter-Best [27]
3 years ago
13

On the basis of the information, and assuming trade occurs between the three states, we can expect Multiple Choice Washington to

exchange apples with Michigan and receive money in return. Washington to exchange apples with Texas and receive money in return. Texas to trade lettuce directly for Washington apples.

Business
1 answer:
Goshia [24]3 years ago
7 0

Answer: Washington to exchange apples with Texas and receive money in return.

Explanation:

The picture relating to the question has been attached.

From the question, we are informed that Michigan has surplus autos, and wants lettuce. Texas has surplus lettuce and wants apples. Washington has surplus apples and wants autos.

If trade occurs among the three states, Washington will exchange its apples with Texas since it has surplus apples and Texas also want apples. Of the three states, it is only Washington that has surplus apples so it can exchange with Texas for money.

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Less Of an Imcome

Explanation:

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3 years ago
The amount of income under absorption costing will be more than the amount of income under variable costing when units manufactu
Sholpan [36]

Answer: A.exceed units sold

Explanation:

In Absorption Costing, All costs be it Fixed or Variable that are directly related to production are considered when computing the Cost of Production.

Under Variable Costs however, only variable Costs are considered for the computing of Cost of Production.

This difference in consideration of costs under each method leads to difference in income determination under each method.

Under Absorption Costing, fixed manufacturing costs are apportioned on produced units and the costs are only recovered when the units are sold but under variable costing, fixed manufacturing costs are treated as period costs and are therefore charged to the Income statement.

This means that, the amount of income under absorption costing will be more than the amount of income under variable costing when units manufactured exceed units sold.

8 0
2 years ago
Jefferson Company has sales of $302,000 and cost of goods available for sale of $270,200. If the gross profit ratio is typically
mr_godi [17]

Answer:

Ending inventory is $58,800

Explanation:

The formula for the gross profit ratio is as under:

Gross profit ratio = Gross Profit / Sales

And here Sales is $302,000 and Gross profit ratio is 30%.

By putting values we have:

30% = Gross profit / $302,000

Gross Profit = 30% * $302,000 = $90,600

We also know that:

Gross Profit = Sales - Cost of sales

By putting values we have:

$90,600 = $302,000 - Cost of sales

Cost of Sales = $302,000 - 90,600

Cost of Sales = $211,400

The difference between the cost of goods available for sale and cost of goods sold is ending inventory.

Ending Inventory = $270,200 - $211,400 =  $58,800

4 0
3 years ago
Which industry constitutes a larger share of gni for most countries in the region?
Thepotemich [5.8K]

Urban-based industrial and service economies constitutes a larger share of GNI for most international locations in the region.

<h3>Which world areas has the greatest attention of low earnings countries?</h3>

Low-income economies are exceptionally observed in Asia and Africa, the place most of the world's populace lives (World Bank 2011).

<h3>Is GNP and GNI same?</h3>

GNP deducts the phase that leaves the country and offers a more significant indicator of the Irish economy. Gross National Income (GNI) is a comparable measure to Gross National Product. The distinction between them are the subsidies the European Union (EU) pay to us, and the taxes we pay to them.

Learn more about GNI here:

<h3>brainly.com/question/11676259</h3><h3 /><h3>#SPJ4</h3>
8 0
1 year ago
If the monetary authorities decide to increase the nominal money supply by 10% when the economy is at its full employment level
Norma-Jean [14]

Answer:

  • 10%
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Explanation:

If the money supply is increased by 10%, the inflation rate will also increase by 10%.

In the short run the economy will be able to produce an output which is higher than the potential GDP, but once the inflation rate catches up, both the unemployment rate will increase and the real GDP will return to its potential output level.

3 0
3 years ago
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