Jake has a comparative advantage in the production of corn.
<h3>Who has a comparative advantage?</h3>
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. Opportunity good is the number of goods that have to be given up in order to produce a good.
Opportunity cost for:
Jake : 20 / 80 = 0.25
Jane: 40 / 40 = 1
Jake has a lower opportunity cost. He has a comparative advantage in the production of corn
Please find attached the table used in answering this question. To learn more about comparative advantage, please check: brainly.com/question/25139916
#SPJ1
The predetermined overhead allocation rate for the year is $29.40
The predetermined overhead allocation rate is referred to as the allocation rate that is used in the application of the estimated cost of manufacturing overhead to the job orders or products.
From the complete question, the predetermined overhead allocation rate will be calculated thus:
= Estimated manufacturing overhead / Estimated direct labor hours
= $105840 / 3600
= $29.40
Therefore, the predetermined overhead allocation rate is $29.40.
Read related link on:
brainly.com/question/24848893
Answer:
Database
Explanation:
If we want to manage the information for more than one thing then the database is used. As it is a collection of the data which stores all the important and valuable information of the business organization.
The data is stored electronically if you want to edit, update or access then you can easily do it.
The examples are - Microsoft Access, Oracle, etc
So, the database can store much information as per your wants
Answer:
c.) 3 and 6.
Explanation:
The M1 definition of money comprises of Currency (coins and paper money) in circulation and Checkable deposits.
