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3 years ago

Countries participate in foreign trade because?

1 answer:

8 0

Countries participate in foreign trade because it does not have the comparative advantage in the production of all goods.

<h3>What is comparative advantage?</h3>

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. For example, some countries do not have crude oil, so it would have to import from countries that produce crude oil. It would be more efficient for these countries to import crude oil.

To learn more about comparative advantage, please check: brainly.com/question/10606157

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Douglas County sought bids for a construction project. Robert Taggart wanted to submit a bid but knew the project needed rock. H

Jet001 [13]

Answer:

No, there is no contract between the two parties because of withdrawal of offer (Revocation) before the acceptance of the other party.

Explanation:

When one party offers another party and after some time the offer maker withdraws the offer by communicating that they had revoked then the offer is no more available to the other party and is often termed as Revocation. So when the offer maker revokes before the acceptance of the offer by the other party then their is no offer at consideration to the other party, which means if there is no offer then their can not be an acceptance of an offer and of course when there is no acceptance then there is no contract.

The communication of revocation was held before the acceptance of the offer of the other party which agains says that the contract was not actually formed.

4 0

4 years ago

You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous ow

Nonamiya [84]

Answer:

Minimum selling price for the bond = $11350.38

Explanation:

Given - You have just purchased a municipal bond with a $10,000 par

value for $9,500. You purchased it immediately after the previous

owner received a semi-annual interest payment. The bond rate is

6.6% per year payable semi-annually. You plan to hold the bond for

4 years, selling the bond immediately after you receive the interest

payment. If your desired nominal yield is 3% per year compounded

semi-annually.

To find - What will be your minimum selling price for the bond?

Proof -

Formula for Bond value is -

Bond value = $\frac{Coupon Amount}{( 1+ Interest rate)^{1} } + \frac{Coupon Amount}{( 1+ Interest rate)^{2} } + \frac{Coupon Amount}{( 1+ Interest rate)^{3} } + .....\frac{Coupon Amount}{( 1+ Interest rate)^{n} }$

As given,

Coupon Rate = 6.6%

⇒Coupon Rate for semi-annual = 3.3%

and hereby time period becomes double i.e 8 years.

Now,

Interest rate = 3%

For semi-annual , interest = 1.5%

Now,

Coupon amount = 10,000×3.3% = 330

Now,

Bond value = 330 ×PVIF(1.5% , 8) + 10,000×IVAF(1.5%, 8)

= 330×7.486 + 10,000×0.888

= 11350.38

∴ we get

Minimum selling price for the bond = $11350.38

6 0

3 years ago

Steven has a typed copy of a contract, which he would like to have Thomas sign. Thomas, who needs glasses to read typing, doesn'

zzz [600]

Answer:

Yes, because he was negligent in not ascertaining its contents

Explanation:

Based on the information provided regarding the scenario at hand it can be said that Yes, this contract is binding upon Thomas because he was negligent in not ascertaining its contents. Each individual is responsible for completely reading and fully understanding the contents of the contract before they sign. Once an individual signs the contract it means that they fully agree with all that is specified in the contract and are held liable. Thomas should have waited until he had his glasses and read the contract before signing, regardless of what Steven had to say.

7 0

3 years ago

Monty Manufacturing builds playground equipment that it sells to elementary schools and municipalities. Monty's management has

telo118 [61]

Question

Monty Manufacturing builds playground equipment that it sells to elementary schools and municipalities. Monty's management has contracted you to perform a variance analysis on the fixed manufacturing overhead for its line of slides. Monty's cost accounting team informs you that it allocates fixed overhead based on machine hours. This period production was budgeted at 35 0 slides

. Budgeted and actual production data follows:

Standard fixed overhead cost per machine hour $5.00

Standard machine hours per slide 9

Actual production 390

Actual fixed overhead cost $20,000

What is the fixed manufacturing overhead volume variance in this period?

Answer:

Fixed overhead volume variance $1800 Favorable

Explanation:

Standard fixed cost per unit = cost per hour × standard hours

= $5.00 ×9 = $45

Units

Budgeted production unit 350

Actual production unit <u>390</u>

Volume variance in (units) 40

Standard fixed over cost per unit <u>× $45</u>

Fixed overhead volume variance <u> 1800 </u>Favorable

Fixed overhead volume variance $1800 Favorable

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3 years ago

HELP PLS!!! If a customer is dissatisfied and disgruntled, a customer service profession should act as an intermediary,

olasank [31]

Answ er:

Explanation:

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3 years ago

Read 2 more answers