Answer:
B. large amount of natural resources
Explanation:
Comparative advantage is a country's ability to produce a product or service for a lower opportunity cost than rival countries. Opportunity costs are the benefits given up in the extraction process. If a country has a large amount of natural resources, it will use fewer resources in the extraction process than other countries. The trade-off costs will be so little compared to the benefits.
Other countries will find it cheaper to import from a country with large natural resources. For example, oil-rich nations have a comparative advantage in the extraction and processing of oil and oil by-products.
Answer: D. Product costs are expensed in the period the related product is sold
Explanation:
The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.
It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.
Answer:
Gross pay= $20,000
Explanation:
She takes $ 13,400.
the company deducted $200 as voluntary deductions.
She had $13600 after paying tax 32%which is equivalent to 68%
$ %
13600 68
x 100
x= 13600*100/68= 1360000/100= $20,000
Her gross pay is $ 20,000
Answer:
C. the market price charged to outside customers, less costs saved by transferring internally.
Explanation:
Divisional manager performance is evaluated separately from one department to another. The Selling department need a minimum price equivalent to price the items fetch in<em> market transaction</em> to raise performance.
However <em>goal congruence </em>has to be met, therefore the price must exclude savings as a result of Internal transfer for the interest of the firm as a whole.
Answer:
0.25
Explanation:
A portfolio has a standard deviation of 20%
The portfolio also generated a return of 10%
T-bills were paying 5%
Therefore, Sharpe ratio of the portfolio can be calculated as follows
Sharpe ratio= 10-5.0/20
= 5/20
= 0.25
Hence the Sharpe ratio of the portfolio is 0.25
