The appropriate response is sales revenue. Revenue is the measure of cash that an organization really gets amid a particular period, including rebates and conclusions for returned stock. It is the "best line" or "gross pay" figure from which costs are subtracted to decide net salary.
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
Explanation:
i hope help <em><u>you</u></em><em><u /></em>
<em><u>follow </u></em><em><u>me</u></em><em><u> </u></em><em><u /></em><em><u /></em>
Answer:
Jensen Company's product costs are c. $995,000
Explanation:
Product costs are costs that are incurred to create a product. Product costs include direct material, direct labor, and factory overhead.
In Jensen Company: Direct materials used $345,000 Direct labor incurred 250,000 Factory overhead incurred 400,000.
Jensen Company's product costs = direct material + direct labor + and factory overhead = $345,000 + $250,000 + $400,000 = $995,000
