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Effectus [21]
2 years ago
6

The Dominican Republic and Nicaragua both produce coffee and rum. The Dominican Republic can produce 20 thousand tons of coffee

per year or 10 thousand barrels of rum. Nicaragua can produce 30 thousand tons of coffee per year or 5 thousand barrels of rum.What is the minimum price that these countries will trade rum and the maximum price they will trade for coffee?
Business
1 answer:
Dafna11 [192]2 years ago
7 0

Answer:

The answer should be un terms of the traded goods. In the case of the minimum price of rum, it is 0.5 barrels of rum per one ton of coffee. In the case of the maximum price of coffee, it is 6 tons of coffee per barrel of coffee.

Explanation:

These values come from the analysis of opportunity cost that both countries have at the moment of use the production capacity: if the Dominican Republic decides to produce rum, then it would give up on coffee. The same with Nicaragua, when it chooses to produce coffee, it gives up producing rum. The potential trade opportunities arise in the mix of prices where both countries can take benefit form the exchange of goods (obtaining more of one product than producing with its own capacity). This is called comparative advantages, and it is a theoretical justification of international trade.

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Answer:

The total selling expenses for the quarter will be $25,800

Explanation:

The computation of the total selling expenses for the quarter is shown below:

= Salaries + commission + Advertising

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Salaries = Expected salaries × number of months in one quarter

             = $5,000 × $3

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Commission = (January sales +  February Sales + March Sales) × Commission percentage

= ($25,000 + $30,000 + $35,000) × 10%

= $9,000

And, the adverting equal to

= Expected advertising expenses × number of months in one quarter

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Now put these values to the above formula

So, the value would be equal to

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= $25,800

3 0
2 years ago
Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours durin
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Answer:

earnings/per year - cost/per year - taxes = profits

Explanation:

20 h /week a  year has  4 weeks  20*52=1040 h/month

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andre [41]
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Explain the relationship that exists between the coupon interest rate and yield to maturity and the par value and market value o
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Answer:

D. The market value of the bond approaches its par value as the time to maturity declines. The yield to maturity approaches the coupon interest rate as the time to maturity declines.

Explanation:

One explanation of the relationship that exists between the coupon interest rate and yield to maturity and the par value and market value of a bond, is that <u>the market value of the bond approaches its par value as the time to maturity declines. The yield to maturity approaches the coupon interest rate as the time to maturity declines.</u>

According to the definition of yield to maturity, it takes into consideration the coupon rate (i.e. the interest amount earned per year) for the number of years left to maturity, it is often higher because it treats the amount earned each year as being re-invested.

<u>Therefore the amount of yield to maturity will fall as the time to maturity nears and will approach the coupon rate</u>

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5 0
2 years ago
Read 2 more answers
Hache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding D
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Answer:

C. $2.007

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= $209,880

Cost per equivalent unit of conversion cost =  Conversion cost ÷ Equivalent unit of conversion

= $209,880 ÷ 104,600

= $2.007

4 0
2 years ago
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