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3 years ago

Two countries produce copper and lead. Country A can produce a maximum

Business

1 answer:

alina1380 [7]3 years ago

8 0

Answer:

A. Country B has a comparative advantage producing copper.

Explanation:

Comparative advantage is the capability of a firm or country to produce a good or service at a lower opportunity cost than rivals. It implies the country uses fewer resources to produce that commodity. Comparative advantage enables a country to have a higher output while using the same inputs as its competitors.

Country B can produce 400 tons of copper, while country A ability is 300 tons. Country B uses labor and materials more efficiently in copper production; hence it has a comparative

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Which of the following statements reflects why sunk costs are irrelevant? (Check all that apply.) The statement is not true – so

Nataly [62]

Answer:

Some costs have been incurred already, and therefore do not change across alternatives in some current or future decision.

Explanation:

Sunk costs are costs that have already been incurred by a business and cannot be recovered. For this reason, they are irrelevant to current and future business decisions.

For example, an organization purchases a piece of equipment for $10,000 and discovers that additional parts need to be purchased for $1,000. The $10,000 is a sunk cost because it cannot be recovered.

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3 years ago

Which of the following are often pieces of evidence against a bait-and-switch scam?

emmasim [6.3K]

The answer choice which represents a bait-and-switch scam is Choice B; Mike decides to complain to the Better Business Bureau after a store advertises “everything in this store is $5 or less” but discovers the store charges a $2 fee for credit card purchases under $66.

<h3>Which is an evidence against a bait-and-switch scam?</h3>

Bait and switch is a morally suspect sales tactic that lures customers in with specific claims about the quality or low prices on items that turn out to be unavailable in order to upsell them on a similar, pricier item. It is simply considered a form of retail sales fraud, though it takes place in other contexts.

Read more on bait-and-switch;

brainly.com/question/981097

3 0

2 years ago

________ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right things and act in

Serggg [28]

Answer:

Social responsibility

Explanation:

Social responsibility is an obligation of a business firm to act in ways that are good to the society. A business firm must act in a way that will benefit the society.

It suggest that a business firm must be concerned about the welfare of the people in the community.

It is ethical of a business to consider the welfare of the people before taking any action in the society. This implies that, a business firm shouldn't only consider making profit or expanding their business but should take into consideration the wellbeing of the people around them.

Social responsibility is not only performed by a business firm but also the duty of every individual that is capable of impacting the environment.

Every individual and business firm should impact the environment in a positive way and Improve on the wellbeing of people dwelling in the environment.

4 0

4 years ago

MC Qu. 94 A company uses a process... A company uses a process costing system. Its Assembly Department's beginning inventory con

Eddi Din [679]

Answer:

$0.43

Explanation:

Equivalent Units

Labor

% Completion Units

Units Completed and Transferred out 100% 109,500

Ending Work in Process 25% 11,800

Total Equivalent units 121,300

Particulars Amount

Beginning work in Process 10,700

Cost Added during May 42,000

Total cost added during the year $52,700

Cost per Equivalent unit = Total cost added during the year / Total Equivalent units

Cost per Equivalent unit = $52,700 / 121,300 units

Cost per Equivalent unit = 0.43446002

Cost per Equivalent unit = $0.43

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3 years ago

Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing a

olya-2409 [2.1K]

Answer:

Smart Stream Inc.

1. Total variable costs = $2,400,000

2a. Variable cost per unit = $240

2b. The variable cost markup percentage = 12.46%

2c. Selling price per unit = $325

Explanation:

a) Data and Calculations:

Variable costs per unit:

Direct materials $150

Direct labor 25

Factory overhead 40

Selling and administrative expenses 25

Total $240

Fixed costs:

Factory overhead $350,000

Selling and admin. exp. 140,000

Total fixed costs = $490,000

Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000

Profit target = $360,000 ($1,200,000 * 30%)

Total variable costs = $2,400,000 ($240 * 10,000)

Variable cost per unit = $240

b. The variable cost markup percentage =

Variable cost markup = $360,000 * $2,400,000/$2,890,000 = $298,962

Variable cost markup percentage = $298,962/$2,400,000 * 100 = 12.46%

Fixed cost markup = $360,000 * $490,000/$2,890,000 = $61,038

Total cost = $2,890,000

Target profit 360,000

Total sales revenue = $3,250,000

Selling price = $325 ($3,250,000/10,000)

8 0

3 years ago