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.
Answer:
(A) $731,250
Explanation:
The formula to compute the break-even point in sales dollars is shown below:
= (Fixed expenses or Fixed cost) ÷ (Contribution ratio)
where,
Contribution ratio = Contribution margin ÷ sales
= $208,000 ÷ $650,000
= 0.32 or 32%
And, the fixed expense is $234,000
Now put the values to the above formula
So, the value would equal to
= $234,000 ÷ 32%
= $731,250
Answer:
True
Explanation:
LIFO is in fact, only allowed to be used in the United States, because under the new IFRS (International Financial Reporting Standards), the used of LIFO has been prohibited.
The reason for this, is that LIFO inflates the value of inventory, because the (usually) lower cost of old inventory is what is reported.
This is why companies using LIFO are obliged to report the hypothetical value of the inventories had they used FIFO.
Answer:
Ethics
Explanation:
Ethics also called moral philosophy involves how an individual systemises, defends and recommends the concept of right or wrong.
Summer is facing an ethical decision of either returning the bag or keeping it for herself. Her decision will be based on her definition of right or wrong.
If her moral philosophy is one that does not see theft as something that is wrong, she will decide to keep the bag. If on the other hand she sees keeping the bag that is not her own as wrong she will decide to return it.
<span>To calculate the number of people for whom to provide supplies for (B) you need to subtract the number of people who brought their supplies (P) from the overall number of people (72).
B=72-P</span>
