Answer:
A) 30 pies and 100 cakes.
Explanation:
Kim can produce 40 pies or 400 cakes an hour. Liam can produce 100 pies or 200 cakes an hour.
Since each one will specialize in the production of the good in which they have a comparative advantage, Kim will produce cakes and Liam will produce pies.
before specialization Kim produced 20 pies and 200 cakes, while Liam produced 50 pies and 100 cakes.
So the total gains from trade are:
- 50 pies - 20 pies = 30 pies
- 200 cakes - 100 cakes = 100 cakes
Answer:$722,000
Explanation:
The over applied overhead of $8000 is deducted from cost of goods sold of $730,000.
Answer:
c
Explanation:
Marginal revenue product (MRP) is the change in total revenue when one more unit of a resource is employed.
For example :
Units of labour Revenue
1 100
2 200
The MRP of employing 2 units of labour = (200 - 100) / (2 -1) = 100
On June 19 the accounts receivable should be recorded at the spot rate: $228,190 ($190,000 Euros * $1.201), which is the rate at which the Euro and the US Dollar were being exchanged at the time.
Many US-based enterprises sell goods to companies abroad. Depending on the discussions and the circumstances surrounding the sale, these sales may be made in US dollars or in another currency. If the sale is made in a foreign currency, the US-based company will be responsible for any fluctuations in the exchange rate from the time the sale and receivable are recorded until the time the foreign currency is paid for the related foreign currency-related receivable.
The accounts receivable should be recorded (converted from Euros to US Dollars) at the spot rate on June 19: 190,000 Euros * $1.201, which is the exchange rate at that time between the Euro and the US Dollar, equals $228,190.
To learn more about Accounts Receivables, refer to this link:
brainly.com/question/14032135
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