Answer: Yes, it's beneficial
Explanation:
Comparative advantage is the ability of a nation to produce goods at a lower opportunity cost when compared to its trading partners. A comparative advantage allows a firm sell its product at a lower price and make more sales.
In comparative advantage, the nation might not necessarily be the best at producing a particular good but it has a low opportunity cost in the production of the good for other nations to import. Comparative advantage leads to specialisation and enhances economic growth.
For example, if France can produce cheap grapes and Italy can produce cheap tomatoes, France should stop producing tomatoes and Italy should stop producing grapes. France should focus on the production of grapes while Italy should focus on tomato production. This will lead to more income for both economies since there is productive efficiency.
The given scenario clearly illustrates Negative leniency
.
Option C
<u>Explanation:
</u>
The performance appraisal is a routine analysis of the results of an individual and of a company's total commitment. A performance appraisal, also defined as an «yearly review», "performance review," or "individual appraisal," assesses the ability, success and progress of an employee or its lack of it.
The manager who is neither tough nor easy with rating employees is committed to negative and positive leniency misconceptions. In the performance evaluation process, the employee's unjustified expectations for increases, promotions or tough jobs can be increased by positive leniency.
The worker may be sick of hitting the head against a wall with excessive slowness or toughness/strictness because the manager can not be pleased despite how hard the person tries.
Answer:
total equivalent units for materials = 6,310
Explanation:
700 units in beginning work in process:
- materials: 70% complete, $8,700, completed 490 equivalent units, not completed 210 units
- conversion: 10% complete, $3,700
units started in to production 6,400
units transferred out 5,600
ending work in process 1,500
- materials: 80% complete, completed 1,200 equivalent units for materials
- conversion: 25% complete
materials added $92,200
conversion costs added $269,600
equivalent units for materials:
- beginning WIP equivalent units to be completed = 210
- units started and completed = 5,600 - 700 = 4,900
- ending WIP = 1,200 equivalent units
- total equivalent units for materials = 6,310
Answer:
Bvlgari Hotel
Explanation:
Marriott international hotel brand has joined Bvlgari to launch a new luxury brand of hotels to provide the timeless glamour of its heritage in pristine locations while offering flawless luxury service. Marriot International, inc. is one of the largest hospitality companies in the world. They have announced a joint venture with Bvlgari hotel & resort. Bvlgari hotel & resort is famous for its unique Italian hotel design concept, it has a global footprint, its aims to convey the excitement about the Bvlgari brand and its heritage of magnificent Roman jeweller.
Answer:
a) I used an excel spreadsheet to record the T-accounts
the closing entries would be:
Dr Sales revenue 12,100
Dr Purchase discounts 48
Dr Interest revenue 600
Dr Gain on sale of land 1,500
Cr Income summary 14,248
Dr Income summary 8,512
Cr Cost of goods sold 6,450
Cr Sales returns 1,680
Cr Sales discounts 242
Cr Distribution costs 140
Dr Income summary 5,736
Cr Retained earnings 5,736
b) Redd Company
Income Statement
For the year ended December 31, Year 2
Revenues:
- Sales revenues $12,100
- Sales returns ($1,680)
- Sales discounts ($242) $10,178
Cost of goods sold <u>($6,450)</u>
Gross profit $3,728
Expenses:
- Distribution costs ($140) <u>($140)</u>
Operating income $3,588
Other sources of income:
- Gain on sale of land $1,500
- Interest revenue $600 <u>$2,100</u>
Net income before taxes $5,688
Explanation:
