Answer:
Georgeland has an absolute but not a comparative advantage in producing clothing.
Explanation:
Absolute advantage is defined as the ability of a firm to produce higher amounts of a product as a result of use of the same resources with other competitors. It is usually bad a result of more efficient production process.
Comparative advantage is the ability of a firm to produce goods at a lower opportunity cost. Therefore they are able to sell at lower price compared to competitors.
Georgeland can produce 18 units of clothe per year while Alland can produce 16 units per year, so Georgeland has absolute advantage.
In producing clothes Georgeland has opportunity cost of 36 units of food which is higher than that of Alland which is 32 units of food. So Georgeland does not have comparative advantage in producing clothes.
Answer:
$18.74
Explanation:
the margin of error for a 95% confidence level = Z x (σ / √n)
- Z for a 95% confidence level = 1.96
- standard deviation (σ) = $160
- sample size (n) = 280
the margin of error for a 95% confidence level = 1.96 x ($160 / √280) = 1.96 x ($160 / 16.733) = 1.96 x $9.56 = $18.74
Answer:
The correct answer is (C) Diagnosis.
Explanation:
The marketing plan is the starting point to successfully implement the business strategies of any business. It is a written document that must contain the objectives, strategies and actions to be performed. It must be developed both strategically and tactically; that is, you must consider the conditions surrounding the business and the details of the execution of the plan.
Within the strategic level, there is the diagnosis. This step is fundamental, as it provides the foundation for the development of a good marketing plan. The diagnosis allows to gather crucial information regarding the initial situation of the business and the market, with which it is possible to anticipate the threats or opportunities provided by external factors.
Answer:
Refining crude oil into gasoline requires the use of chemicals, pressure, and heat to change the chemical makeup of the crude oil into a finished product of gasoline. PROCESS MANUFACTURING: deals with formulas and manufacturing recipes.
A production plant that serves as a point where workers and robotics bring together all of the components that create automobiles. ASSEMBLY PROCESS: manufactured units follow an assembly line.
Making steel is a process that cannot be easily stopped and restarted. CONTINUOUS PROCESS: the manufacturing process cannot be easily stopped.
Allen-Bradley builds motor starters. The machines that Allen-Bradley uses can make different types of starters without slowing down the process. FLEXIBLE MANUFACTURING: different models can be manufactured in the same process.
A tractor manufacturer looked at their production techniques and eliminated the activities in production that do not add value to the consumer. LEAN MANUFACTURING: very simple and lean manufacturing process.
A bicycle company makes 18 models in more than 2 million combinations. The customer chooses the model, size, color, and design. MASS CUSTOMIZATION: high degree of product customization.
Answer:
The Answer is given below
Explanation:
a. Common Stock $600,000
b. Paid in capital in excess of par value $180,000
c. Retained Earnings= ($200,000-($600,000*15%))=$110,000
d. Total Stockholders' Equity= $180,000+$600,000+$110,000=$890,000
Please note that dividend is paid on par value which is $10*15%=1.5 per share.
Total shares*dividend per share=total dividend paid
1.5*($600,000/10)=$90,000
or $600,000*15%=$90,000
Therefore dividend of $90,000 is deducted from retained earnings
