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3 years ago

What is an advantage of selling consumable items

2 answers:

5 0

Selling consumable items leads to continual purchase of the commodity. For instance, consumable products like milk and cereal will be purchased frequently. Something like a computer, however, will not be purchased as often. Consumable items have the advantage of constant income, whereas a product like an iPhone may spike in purchases when first released and then decrease as time goes on.

Anna71 [15]3 years ago

4 0

Consumers are constantly buying and eating over and over again.

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Suppose that Portugal and Austria both produce beer and cheese. Portugal's opportunity cost of producing a pound of cheese is 3

Maksim231197 [3]

Answer:

Portugal and Austria

Comparative Advantage in the Production of Beer and Cheese:

1a. Portugal

b. Austria

2. a. 3 barrels and

b. 0.09 or 1/11 pounds

3. A. 4 barrels of beer per pound of cheese

Explanation:

a) Data and Calculations:

Portugal's opportunity cost of producing a pound of cheese = 3 barrels of beer

Austria's opportunity cost of producing a pound of cheese = 11 barrels of beer

Price of trade (cheese in terms of beer) = 11/3 = 3.667 = 4

b) Portugal's comparative advantage over the production of cheese is her economy's ability to produce cheese at a lower opportunity cost than Austria. This comparative advantage gives Portugal the ability to sell cheese at a lower price than Austria and realize a more favorable balance of trade.

7 0

3 years ago

Wildhorse Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity Cost pe

katovenus [111]

Answer:

Wildhorse Company

The amount of the inventory is:

= $30,496.

Explanation:

a) Data and Calculations:

Item No. Quantity Cost per Estimated Cost to NRV LCNRV Inventory

Unit Selling Price Sell Value

1320 1,400 $3.78 $5.31 $1.89 $3.42 $3.42 $4,788

1333 1,100 3.19 4.01 1.18 2.83 2.83 3,113

1426 1,000 5.31 5.90 1.65 4.25 4.25 4,250

1437 1,200 4.25 3.78 1.59 2.19 2.19 2,628

1510 900 2.66 3.84 1.65 2.19 2.19 1,971

1522 700 3.54 4.60 0.94 3.66 3.54 2,478

1573 3,200 2.12 2.95 1.42 1.53 1.53 4,896

1626 1,200 5.55 7.08 1.77 5.31 5.31 6,372

Inventory value = $30,496

4 0

3 years ago

Mattice Corporation is considering investing $720,000 in a project. The life of the project would be 11 years. The project would

lbvjy [14]

Answer:

The Project should be rejected.

The Net present value is lower than zero. Meaning the returns on the investment yields a loss, as we are not able to cover our initial investments.

Explanation:

The Present value of the inflow and outflow should be considered before deciding the viability of the project.

Using the Net Present Value approach, we will want to consider against the outflows and at a certain cost of capital/rate of return if this projects meets at least the minimum threshold of breaking even. At this point the net cash flow would be at least zero for the project to be accepted.

Kindly review the document attached for detailed workings.

3 0

3 years ago

These are selected account balances on December 31, 2020. Land (location of the office building) $97000 Land (held for future us

Artyom0805 [142]

Answer:

$937,000

Explanation:

Calculation to determine the total net amount of property, plant, and equipment that will appear on the balance sheet

Land (location of the office building) $97000

Add Office Building 675000

Add Equipment 457000

Add Office Furniture 135000

Less Accumulated Depreciation (427000 )

Total Net Amount $937,000

Therefore the total net amount of property, plant, and equipment that will appear on the balance sheet is $937,000

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2 years ago

In which form of business do the members of an organization own and control its activities?

Fantom [35]

I Think It’s Communism

4 0

3 years ago

Read 2 more answers