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lianna [129]
2 years ago
5

What european nation profited most from trade with the east?

Business
2 answers:
mixer [17]2 years ago
8 0
Italy...................
nydimaria [60]2 years ago
6 0

Answer:

think it was italy

Explanation:

maybe im right

im prob wrong

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Several years ago, Alcoa was effectively the sole seller of aluminum because the firm owned nearly all of the aluminum ore reser
Alinara [238K]

Answer:

price-taking assumption.

free entry assumption.

Explanation:

A perfectly competitive market is one in which different firms compete for consumers of their products. The characteristics of the perfectly competitive market are:

- products are nearly identical

- all the firms are price takers. That is they are not able to determine price independently

- buyer knowledge of information about products is perfect and available to all

- free entry and exit to the market

- resources are perfectly mobile

In the given scenario above two of these rules are not obeyed.

Alcoa was effectively the sole seller of aluminum because the firm owned nearly all of the aluminum ore reserves in the world.

So they determine the price ( they are not price takers)

Also since they own nearly all the aluminium reserves there is no free entry for new firms

5 0
2 years ago
Why might a business desire fewer customers over more customers? shouldnt the focus of marketing be to acquire as many customers
ehidna [41]
1. most businesses that desire fewer customer probably fall between these categories:
- Those who do not have enough resource/employee to maintain the cutomers
- Those who sell rare collectibles

2. It really depended on the type of business. If the business focus on obtaining high-end/wealthy customers  and maintain highest quality of service, they may prefer lower amount of customers
7 0
3 years ago
A local government's basic financial statements would include a statement of cash flows for all________
german

Answer:

A

Explanation:

fund types proprietary

7 0
3 years ago
starting balance of Accounts Receivable is $3,400 The starting balance of Cash is $9,000 The starting balance of Inventory is $5
mamaluj [8]

Answer:

The final amount in Cash is $9,034

Explanation:

1.

As cash is received, the cash balance is increased by $10, and account receivables are decreased by $10.

2.

As cash is paid for the purchase the cash balance is decreased by $16 and inventory value will increase by $16.

3.

As the sale is made for cash, the cash balance is increased by $40, and the inventory balance is decreased by the same value.

Cash balance = $9,000 + $10 - $16 + $40 = $9,034

The working is attached with this answer please find it.

3 0
3 years ago
Rocky Mountain Corporation makes two types of hiking boots—Xactive and Pathbreaker. Data concerning these two product lines appe
insens350 [35]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,634,000 / 86,000

Predetermined manufacturing overhead rate= $19 per direct labor hour

<u>Now, we can allocate overhead to each unitary product:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Xactive= 19*1.4= $26.6

Pathbreaker= 19*1= $19

<u>Finally, the unitary cost of each product:</u>

Xactive= 63.8 + 17.2 + 26.6= $107.6

Pathbreaker= 50 + 12 + 19= $81

6 0
3 years ago
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