Answer:
a. 30 units of corn and 30 units of wheat.
Explanation:
In a two-product, two-country world, international trade leads to specialization. Each country will produce the product in which it has comparative advantage. In this case, Freedonia will produce only corn and Sylvania will produce only wheat. With all constant, the country will consume the same amount of that product, but the surplus will exchange it for the other product. Freedonia will use all its workers to produce corn, in a year they will produce 6*10= 60 units of corn. Sylvania will use the 10 workers to produce wheat, in a year they will produce 6*10=60 units of wheat.
But, Freedonia will consume the same amount of corn (30 units). Then, Freedonia have 30 available units to trade with Sylvania. And the same for Sylvania, they will consume the same amount of wheat (30 units) and so Sylvania will have 30 available units of wheat to trade with Freedonia.
If the price, for both goods, is the same, Ricardo´s theory predicts that total consumption in both countries will increase, then consumer welfare will increase. Freedonia will consume the same 30 units of corn, but the other 30 will be exchanged by 30 units of wheat. Consumers are better and happier. Freedonia will consume 20 units more of wheat than before without sacrifying units of corn.
IRA stands for Individual Retirement Arrangements. Jimmy can access your money through an IRA withdrawal any time he’d like. There will only be difference in the tax he will have to pay. Without penalty Jimmy in to take his IRA withdrawal once he<span> reaches 59 years. So, Jimmy will have to wait 9 years to be able to withdraw money without penalty.</span>
Answer:
Bad Debts Expense of $ 15,000 in the income statement and offset of receivables by $ 15,000 in the balance sheet.
Explanation:
The portion of credit sales considered to be uncollectible will be recorded as an expense in the income statement for the period. This is usually classified as bad debts expense and appears in the income statement as a debit or expense.
The corresponding credit shall be either to an Allowance for Uncollectible accounts if a provision is made or directly as a credit to the receivables account.
In either manner the effect is to reduce the receivable in the balance sheet
Answer:
to maximize profit it will produce:
400 units of luxury
none of standard.
Explanation:
luxury:
20 lb of pastic and 9 min of labor and 40 dollars profit
standard:
30lb plastic 6 of labor and $15
We calculate the contribution per constrain resourse:
<u>labor hours</u>
40 / 9 = 4.44
15 / 6 = 2.5
<u>materials</u>
40/20 = 2
15 / 30 = 0.5
As luxury provides better contribution in both categories we will maximize his production.
60 hours x 60 min per hours = 3,600 min
3,600 / 9 min = 400 units of luxury steppers
12,600/20 = 630 units of luxury
Once we use the labor hours we cannot keep producing, so we maximize the profit at 400 units of luxury at the given scenario.
As there is no amounft left for standard we don't produce any
Answer:
Most companies aim for a turnover ratio between six and 12, according to BusinessKnowHow. Turning inventory too many times means a company misses out on potential sales because it does not keep enough product in stock
