If two countries are fairly similar and have workers of the same general productivity levels, explain if there can be any economic gains from trade for them? Why or why not?

Answers

Answer 1

Yes, even if two countries are fairly similar and have workers of the same general productivity levels, there can still be economic gains from trade between them. The concept of comparative advantage provides the basis for these gains.

Comparative advantage refers to the ability of a country or individual to produce a good or service at a lower opportunity cost than another country or individual. Even if two countries have similar productivity levels, they may still differ in their relative efficiencies in producing different goods or services.

For example, let's consider two countries, A and B, with similar productivity levels. Country A might have a comparative advantage in producing agricultural goods, while Country B might have a comparative advantage in manufacturing goods. This means that each country can produce a particular good more efficiently compared to the other country.

By specializing in producing the goods in which they have a comparative advantage and trading with each other, both countries can benefit. Here's why:

1. Increased Efficiency: Each country can focus on producing the goods or services in which they are relatively more efficient, leading to increased overall productivity and efficiency.

2. Expanded Output: Specialization allows countries to allocate their resources more efficiently, leading to an expansion in total output. As a result, both countries can enjoy a higher quantity of goods and services than if they attempted to produce everything domestically.

3. Access to a Variety of Goods: Through trade, countries gain access to goods and services that they may not be able to produce efficiently themselves. This leads to greater consumer choice and welfare.

4. Lower Costs: Trade can result in lower costs for both producers and consumers. Countries can import goods that can be produced more cheaply by other countries, reducing production costs. Consumers benefit from lower prices and a wider range of affordable goods.

It's important to note that even if two countries have similar productivity levels, there will still be differences in relative efficiency and comparative advantage in producing specific goods or services. This provides the foundation for economic gains from trade, allowing countries to specialize and exchange goods and services to their mutual benefit.

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Related Questions

Not yet answered Marked out of 1.00 Flag question Which of the following is one of the three key questions to ask in order to create a productive agenda? Select one: O a. Who should be prepared to supply information? O b. What are the goals of the meeting? c. How long will the meeting take? d. Who should attend the meeting? e. What will be considered a successful meeting?

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In order to create a productive agenda, the following three key questions must be asked:What are the goals of the meeting?Who should attend the meeting?What will be considered a successful meeting.

An agenda is an outline of items to be discussed at a meeting, and it can serve as a tool to help guide the meeting to a successful conclusion. In order to create a productive agenda, you need to ask yourself some key questions. One of these key questions is what are the goals of the meeting.

Finally, you should ask yourself what will be considered a successful meeting? This question is important because it will help you to determine what outcomes you want to achieve and how you will measure success. Overall, these three key questions are essential to creating a productive agenda that will help you to achieve your goals and ensure that everyone is on the same page.

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Question 8
How much money will you need for retirement? Which answer is the most
correct answer?
My social security plus what I have put in a regular savings account will do
ОА.
it
OB. A good guidelines is 80% of your working income.
Three years income and the 25% I may receive from my company's
Oc.
pension plan
OD Enough money to last 20 year

Answers

Answer:

subject??

Explanation:

A: Write short COMPARING AND CONTRASTING note on the followings: (i) The Deming Management Philosophy; (ii) Juran’s Quality Trilogy, and Crosby quality philosophy (iii). B: Contrast and compare three aforementioned philosophies highlighting their differences and similarities.
B: Contrast and compare three aforementioned philosophies highlighting their differences and similarities.

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Comparing and contrasting the Deming management philosophy, Juran’s quality trilogy, and Crosby's quality philosophy The Deming management philosophy revolves around a particular system of management that revolves around transforming and improving existing systems. Juran’s quality trilogy revolves around improving the quality of products and reducing the cost of producing said products. Crosby's quality philosophy revolves around eliminating errors from the process of producing products.

B) Contrasting and comparing the three aforementioned philosophies highlighting their differences and similarities:1) The similarities between the Deming management philosophy, Juran’s quality trilogy, and Crosby's quality philosophy include their focus on improving processes to achieve better results in the long run. The main difference is that Deming’s focus was on management practices while Juran’s was on improving quality and cost efficiency. Crosby’s quality philosophy is unique in that it focuses on reducing errors rather than improving efficiency.2) The differences between the three philosophies are that the Deming philosophy focuses on management practices while Juran’s quality trilogy is focused on improving the quality of products and cost efficiency.

Crosby’s quality philosophy is unique in that it focuses on eliminating errors from the process of producing products, which is different from the other two philosophies.3) Overall, the Deming management philosophy, Juran’s quality trilogy, and Crosby's quality philosophy are all designed to help businesses and organizations improve their processes to achieve better results. The main differences between these philosophies are in their approach and focus. While the Deming philosophy focuses on management practices, Juran’s is focused on improving quality and cost efficiency, while Crosby’s focuses on eliminating errors.

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A. Based on these increasing costs and decreasing demand, which sector of the industry became more popular? Why?
B. What is something analysts use when considering a company's leverage?

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Technology companies are able to adapt to changes in demand quickly and efficiently, which enables them to remain competitive in a volatile market. The debt-to-equity ratio is used to compare companies within the same industry, as different industries have varying levels of debt financing.

A. Based on increasing costs and decreasing demand, the sector of the industry that became more popular was the technology sector. The reason for this popularity is that technology companies are less dependent on physical resources, which reduces their costs.

B. When considering a company's leverage, analysts use the debt-to-equity ratio. This ratio is calculated by dividing the company's total liabilities by its total equity. The debt-to-equity ratio provides a measure of the company's financial risk, as a high ratio indicates that the company is heavily reliant on debt financing, which may be unsustainable in the long term.

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A person-to-person payment app could be used in each of the following scenarios EXCEPT:__________.

i. Tina pays her neighbor $200 for breaking his window with a softball.

ii. Mia pays Randy the delivery driver from Cheesy Pizza Co. for a pizza she orders for her Spanish study group.

iii. Ahmed's soccer coach pays the team's registration fee for a big tournament, and each player then owes him $35 for their share of the registration fee.

iv. Rafael writes the whole monthly rent check to the landlord, and his roommates Valerie and Carlos pay Rafael for their share of the monthly rent.

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A person-to-person payment app could be used in each of the following scenarios EXCEPT:

i. Tina pays her neighbor $200 for breaking his window with a softball.

ii. Mia pays Randy the delivery driver from Cheesy Pizza Co. for a pizza she orders for her Spanish study group.

iii. Ahmed's soccer coach pays the team's registration fee for a big tournament, and each player then owes him $35 for their share of the registration fee.

iv. Rafael writes the whole monthly rent check to the landlord, and his roommates Valerie and Carlos pay Rafael for their share of the monthly rent. The correct answer is (i) Tina pays her neighbor $200 for breaking his window with a softball.

In this scenario, a person-to-person payment app may not be the most suitable option. This situation involves compensation for property damage, which typically falls under insurance claims, personal agreements, or legal settlements. A person-to-person payment app is more commonly used for everyday transactions, splitting bills, paying friends, or making purchases.

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Type the correct answer in the box. spell all words correctly. which act outlines regulations to control smoke and other forms of pollution from various sources, whether stationary or in motion? the outlines regulations to control air emissions from various sources, whether stationary or in motion.

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The outlines regulations to control air emissions from various sources, whether stationary or in motion the regulating act is Clean Air Act.

The Clean Air Act is the major federal air quality law in the United States, with the goal of reducing and controlling air pollution across the country.

It was passed in 1963 and has been modified numerous times since then. It is one of the United States' first and most significant contemporary environmental laws.

The Clean Air Act (CAA) is a comprehensive federal statute that governs air pollution from both fixed and mobile sources.

Countries can lessen the burden of disease caused by stroke, heart disease, lung cancer, and both chronic and acute respiratory ailments, including asthma, by lowering air pollution levels.

Therefore, Clean Air Act outlines regulations to control air emissions from various sources, whether stationary or in motion.

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Suppose the price of apples doubles to $3.00 between year 1 and year 2 but that nothing else in the economy changes Instructions: Round your answers to one decimal placea. What would be the percentage change in nominal GDP? b. What would be the percentage change in real GDP?Suppose the prices of both apples and bread double between year 1 and year 2 and quantities remain unchanged. Instructions: Round your answers to one decimal place a) What would be the percentage change in nominal GDP?% b) What would be the percentage change in real GDP?

Answers

Answer:

1. Suppose Quantity of Apple sold in year one & two =  100Kg.

Price in year 1 = $1.50 per kg

Price in year 2 = $3.00 per kg

Nominal GDP 1 = Price * Quantity = 1.50*100 = $150

Nominal GDP year 2 = 3*100 = $300

Change in Nominal GDP = $150

Percentage change in Nominal GDP = 100%

b. Real GDP of year 1 = Nominal GDP of year 1 = $150

Real GDP of year 2 = 1.50*100 = $150

Change in Real GDP = 0%

2. Quantity of Bread = 100 units price = $ 1 per unit, year 2 price = $ 2 per units

a. Nominal GDP year 1 = 1*100+1.5*100 = $250

Nominal GDP year 2 = 2*100+3*100 = $500

Percentage change in Nominal GDP = 500-250/500 * 100 = 100%

b. Real GDP year 1 = $250

Real GDP year 2 = 1*100 + 1.5*100 = $250

Percentage change in Real GDP = 0%

The percentage change in nominal GDP is 100% and the Change in Real GDP is 0%.

Percentage change in nominal GDP

1. Price in year 1

Price in year 1= $1.50 per kg

Price in year 2 = $3.00 per kg

Nominal GDP 1 = Price ×Quantity

Nominal GDP 1 = 1.50×100

Nominal GDP 1  = $150

Nominal GDP year 2 = 3×100

Nominal GDP year 2 = $300

Change in Nominal GDP = $150

Percentage change in Nominal GDP = 100%

b. Real GDP of year 1

Real GDP of year 2 = 1.50×100

Real GDP of year 2 = $150

Change in Real GDP = 0%

2a. Nominal GDP year 1

Nominal GDP year 1 = 1×100+1.5×100

Nominal GDP year 1  = $250

Nominal GDP year 2 = 2×100+3×100

Nominal GDP year 2= $500

Percentage change in Nominal GDP = 500-250/500 ×100

Percentage change in Nominal GDP = 100%

b. Real GDP year 1

Real GDP year 2 = 1×100 + 1.5×100

Real GDP year 2= $250

Percentage change in Real GDP = 0%

Inconclusion the percentage change in nominal GDP is 100%.

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Zoe has been asked to identify the external links that exist in a workbook that has primarily been managed by another employee. Which feature should she use? show/hide links data tab and external links group edit links dialog box data tab and data tools group.

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In Excel, external links are also referred to as external references. The new workbook serves as the external link to the formula when we use any formula in Excel and refer to any workbook other than the workbook with the formula.

An external link is one that points to another workbook or uses a formula from that workbook. Surprisingly, there isn't a fast way to find every link in a workbook at once. You will need to employ several techniques depending on precisely where the references are—in formulas, defined names, objects, or charts. The most frequent instance is external linkages within cells. They are also the simplest to locate and eliminate. Check the data source in the appearing dialog box.

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Experts predict that mergers in the first part of the twenty-first century will be the
result of cash-rich companies looking to acquire businesses that will enhance
their position in the marketplace.
a.true
b.false

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The prediction that "mergers in the first part of the twenty-first century will be the result of cash-rich companies looking to acquire businesses that will enhance their position in the marketplace" is true.

What is merger?

Merger means the fusion of two or more firms, it is mostly likely that a bigger company, such a bigger pharma company sees the need to acquire another smaller firm which  has potentials in areas other than  that of the bigger firm which would enhance the market value of the bigger firm in the market when the smaller one is acquired.

In most case, cash-rich companies see the need to use a portion of their large cash reserve to build a diversified portfolio of products by seeking to buy over smaller  but lucrative businesses.

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Shirley and bob are married, receive social security benefits and file a joint tax return. What is the base amount with which 1/2 of their net social security benefits plus other income must be compared to determine the amount includible in income?.

Answers

FoIf you have joint salary from joint filing that is between $32,000 and $44,000, you will spend 50% of you social security income in taxes. If your combined income is beyond $44,000, you can anticipate.

What does "combine" mean?

amalgamated; merging. to put into such close closeness as to conceal individual characters (transitive verb): Merge is the result of two businesses joining forces. It causes a chemical combination to come together.

Whether to merge or combine?

combined, combining is a verb that is employed with an object. to connect or bring into a close union; combine: To make the cake, she mixed the ingredients together. The two businesses were merged. to have or display in combination: a strategy that incorporates the best elements of several other

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Is 817 a good credit score?

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Yes, 817 is a very good credit score, according to experts.

This indicates that someone with a credit score of 817 is seen as having a very low probability of defaulting on their debts.

What is a Good Credit Score?Generally speaking, a credit score of 700 or higher is regarded to be good, though this can change based on the scoring methodology being utilized.A high credit score can facilitate credit applications and lead to more favorable terms such as lower interest rates.A score of at least 800 is excellent and belongs to the highest category of credit scores.It's a record of your credit history, including whether you pay your payments on time, how many credit cards you have, what kinds of credit you use, and how much debt you have.If you apply for a loan or a credit card, the lender will look at your credit history before approving you.A person with a credit score of less than 600 is said to have poor credit, and they may find it difficult to get credit or receive less favourable terms.

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The preferred habitat theory of the term structure is closely related to the A) expectations theory of the term structure.
B) segmented markets theory of the term structure. C) liquidity premium theory of the term structure. D) the inverted yield curve theory of the term structure.

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The preferred habitat theory of the term structure is most closely related to the segmented markets theory of the term structure.

This theory suggests that different investors have different preferences for the maturity of bonds they are willing to invest in, creating separate "habitats" in the market. This can lead to different yields for different maturities, which is a key characteristic of the preferred habitat theory.

In contrast, the expectations theory focuses on the idea that long-term rates are determined by market expectations for future short-term rates, while the liquidity premium theory emphasizes the additional compensation investors require for holding longer-term, less liquid bonds.

The inverted yield curve theory suggests that an inverted yield curve (where short-term rates are higher than long-term rates) is a signal of an impending economic recession.

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ANSWER ASAP Which of the following may help you protect against identity theft? A. Carrying your Social Security card at all times B. Clicking on pop-up windows to verify their information C. Contacting your credit card company if you don’t receive bills D. Including your name in your online passwords

Answers

Explanation:

I think A. Because it is the only safe way to protect yourself even in the credit card company people might steal your identity and they dont know. So I say A

Answer:

Its C) contacting your credit card company if you don't receive bills

Explanation:

EDGE 2021

Calculating your expenses helps you budget because

Answers

calculating your expenses helps you budget because it allows you to see exactly where your money is going and helps you make informed decisions about how to allocate your funds. This can help you avoid overspending and ensure that you have enough money to cover your necessary expenses and save for the future. By taking the time to carefully track and manage your expenses, you can gain greater control over your financial situation and make more informed choices about how to use your money

What are four industries within animal agriculture?

Answers

Animal – based industries are Dairy industry, Meat industry, Leather industry, Fisheries Fat industry and wollen Industry

According to the content in the lesson, which investment strategy will get an investor close to the effects of market timing without the inherent risks?O Buy and hold strategiesO Nothing comes even remotely close to beating perfect market timing, which is why so many people attempt itO Index InvestingO Dollar Cost Averaging

Answers

One investment strategy that can get an investor close to the effects of market timing without the inherent risks is index investing.

Index investing involves investing in a broad market index such as the S&P 500, which tracks the performance of 500 large-cap stocks in the United States. By investing in an index fund, investors can gain exposure to a diversified portfolio of stocks, which can help mitigate the risks associated with individual stock selection.Moreover, index investing is a long-term strategy that aims to match the performance of the overall market, rather than attempting to outperform it through active trading. This approach can help investors avoid the pitfalls of market timing, which can result in missed opportunities and losses. Another strategy that can help investors achieve similar results is dollar-cost averaging. This involves investing a fixed amount of money at regular intervals, such as monthly, regardless of market conditions.

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question 3
what is the difference between manufacturing and a cottage industry

Answers

Answer: Simply put, the cottage industry refers to a period of time in which goods for sale were produced on a very small scale, usually in a home. ... The factory system is a term that historians use to refer to the development of centralized factories or mills that produced goods on a mass scale.

Explanation: !!!!!!

Answer:

faster producing and stuff (ap.ex) i forgot the answer that i got right but it goes like that

Explanation:

2. What do you think Alana's goals should be?








Answers

I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.

What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good education

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I need help on these two. 15 pts. Brainliest...

I need help on these two. 15 pts. Brainliest...
I need help on these two. 15 pts. Brainliest...

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Readily available for personal use and growth

A flow of unending and equal payments that occur at regular intervals of time is called a(n):
A. annuity due.
B. indemnity.
C. perpetuity.
D. amortized cash flow stream.
E. amortization table.

Answers

A flow of unending and equal payments that occur at regular intervals of time is called a(n):A. annuity due

Coins, silver jewelry, and hacksilver—silver items that had been chopped into pieces—were the only forms of legal cash in Western Europe after the fall of the Western Roman Empire for centuries, until Venetian traders started employing silver bars for substantial transactions in the early Middle Ages. Venetian businesspeople started using paper money and gave their banker payment instructions separately. Similar imprinted silver bars were in use in the nations where Venetian businessmen had opened representative offices. In the Byzantine Empire, numerous Balkan republics, and Kievan Rus, marked silver bars were also used to make substantial payments.

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A flow of unending and equal payments that occur at regular intervals of time is called a(n):A. annuity due

Coins, silver jewelry, and hacksilver—silver items that had been chopped into pieces—were the only forms of legal cash in Western Europe after the fall of the Western Roman Empire for centuries, until Venetian traders started employing silver bars for substantial transactions in the early Middle Ages. Venetian businesspeople started using paper money and gave their banker payment instructions separately. Similar imprinted silver bars were in use in the nations where Venetian businessmen had opened representative offices. In the Byzantine Empire, numerous Balkan republics, and Kievan Rus, marked silver bars were also used to make substantial payments.

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Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .

Answers

Answer: Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do, e.g insure them, pension

Explanation:

Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do as as follows;

I) The government can grant them soft loans

ii) The government can consider making it easier for them to easily open SME's

iii) The government can consider making provision for them as regards pensions

iv) The government can insure them

Over the next 10 years, a company projects its continuous flow of revenue to be R(x) = 80e0.15 thousands of dollars and its costs to be C(x) = 0.9x² + 60 thousands of dollars, where z represents the number of years from now. Approximate, to the nearest dollar, the profit this company can expect to make over the next 10
years.

Answers

The company can expect to make a profit of approximately $X over the next 10 years.

To calculate the profit, we need to subtract the costs from the revenue over the given time period. The revenue function R(x) represents the continuous flow of revenue, and the cost function C(x) represents the costs incurred. The profit function P(x) can be obtained by subtracting the cost function from the revenue function:

P(x) = R(x) - C(x)

In this case, the revenue function is given as R(x) = 80e^0.15x, and the cost function is given as C(x) = 0.9x^2 + 60. We can substitute these functions into the profit function to calculate the profit over the next 10 years.

P(x) = 80e^0.15x - (0.9x^2 + 60)

To find the profit over the next 10 years, we evaluate the profit function at x = 10:

P(10) = 80e^0.15(10) - (0.9(10)^2 + 60)

Evaluating this expression will give us the approximate profit that the company can expect to make over the next 10 years.  

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according to this information, what will sivar's ebit be if sales actually turn out to be $720,000 rather than $800,000
what will be EPS be?

Answers

Without knowing Sivar's specific financials, it's impossible to determine exactly what their EBIT and EPS would be with a change in sales. However, we can make some general assumptions based on the relationship between these terms.

EBIT (earnings before interest and taxes) is a measure of a company's profitability that takes into account revenue and expenses, but does not include interest payments or taxes. EPS (earnings per share) is a measure of a company's profitability that takes into account net income (which includes interest and taxes) and divides it by the number of outstanding shares.

Assuming that Sivar's expenses remain constant, we can estimate that their EBIT would be lower if sales were $720,000 instead of $800,000, since they would be generating less revenue. Similarly, their EPS would also be lower, since their net income (which includes interest and taxes) would also be lower.

However, it's important to note that these estimates are based on simplified assumptions and may not reflect the specific financials of Sivar or any other company. It's always best to consult a financial advisor or accountant for personalized advice.

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Hedge funds are prohibited from investing or engaging in:.

Answers

The Investment Company Act of 1940 forbids hedge funds from making public offerings, and they are governed by the Securities Act of 1933 and Securities Exchange Act of 1934's anti-fraud laws. The only restriction on a hedge fund's investment universe is its mandate.

Any asset, including land, real estate, derivatives, currencies, and other alternative assets, can be purchased by a hedge fund. Contrarily, mutual funds typically have to adhere to stocks or bonds. One of the most active parties engaged in shorting activities is hedge funds. The majority of hedge funds attempt to reduce market risk by shorting stocks or industries they believe to be overvalued.

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question 6(multiple choice worth 4 points) (01.08 mc) beth is a 25-year-old web developer. because of her young age, her financial planner suggests an aggressive investment approach. which type of investment would you expect to be the greatest portion of beth's portfolio? bonds stocks mutual funds money market account

Answers

Based on the suggestion of an aggressive investment approach for a young individual like Beth, the type of investment that would be expected to be the greatest portion of her portfolio is stocks.

Stocks are generally considered to have higher potential for growth and higher risk compared to other investment options like bonds, mutual funds, and money market accounts.

Since Beth has a long investment horizon ahead of her, she can afford to take on more risk and potentially benefit from the long-term growth potential of stocks.

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What is Bloom’s Taxonomy?
( no c0py from g00+gle)

Answers

Answer:

a set of three hierarchical models used to classify learning objectives into levels of complexity and specificity

Answer:

Bloom's Taxonomy is a Hierarchal Pyramid used to classify the objectives when learning something into: creating, evaluating, analyzing, applying, understanding, and remembering.

Explanation:

Which is the best description of how a scholarship differs from a federal education grant?

Federal grants are awards that don’t have to be repaid, but students must pay back any scholarships they receive.
Federal grants can be awarded for various reasons, but scholarships are always based on a student’s financial need.
Scholarships are awards that do not have to be repaid, but students must pay back any federal grants they receive.
Scholarships can be awarded for various reasons, but federal grants are usually based on a student’s financial need.

Answers

Grants and scholarships are supposed to be the first funding source for a higher education because they come with no interest rate or pay back stress that comes with other source of funding.

How a scholarship differs from a federal education grant?

Correct option is D.

A federal grant is a trophy/award of assistance financially from a federal agency to a person to take out a purpose of support authorized by a law by the U.S.

The amount of federal grant money going to states has steadily increased since the 1960s.

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Which economic action would be most influenced by a change to the
discount rate?
O A. An individual is deciding whether to spend money or invest it.
O B. A business is deciding whether to hire additional employees.
C. A bank is deciding whether to borrow money from the
government
O D. An investor is deciding whether to purchase treasury securities.

Answers

Answer:

C. A bank is deciding whether to borrow money from the

government

Explanation:

The discount rate is the interest rate at which the Federal Reserve charges commercial banks and other financial institutions for loans it advances to them. Through the Federal Reserve, the government issues credit facilities to banks to cater to immediate cash flow requirements. For example, if a bank can not meet the reserve requirement for the day, it can borrow from banks with excess requirements. If it can't find another bank to borrow from, it approaches the Fed.

The interest rate that the Fed charge is the discount rate. It is usually higher than the inter-bank rates. If the discount rate is reduced, commercial banks may consider borrowing from the government through the Fed.

Answer:

c

Explanation:

Which of the following statement is false?
A. A distributed ledger contains many copies of the same ledger.
B. A distributed ledger stores the same set of transaction records.
C. Because a distributed ledger exists in a blockchain network, a computer consisting of all transaction records may crash and cause the syncing issue in the blockchain network.
D. A transaction record cannot be added to the blockchain unless there is network consensus.

Answers

Ccccccccccccccccccccccccc

Bramble Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 130 units at a cost per unit of $65 Blu-ray players 175 units at a cost per unit of $72 iPods 125 units at a cost per unit of $85 The net realizable value at year-end was cameras $70, Blu-ray players $67, and iPods $77. Determine the amount of ending inventory at lower-of-cost-or-net realizable value Ending inventory S 32325

Answers

Total ending inventory at lower-of-cost-or-net realizable value = $8,450 + $11,725 + $9,625 = $32,800

To determine the amount of ending inventory at lower-of-cost-or-net realizable value, we compare the cost of each inventory item with its net realizable value and select the lower amount.

For Cameras:

Cost per unit: $65

Net realizable value per unit: $70

Since the cost per unit is lower, we use the cost per unit.

Ending inventory value for Cameras = 130 units * $65 = $8,450

For Blu-ray players:

Cost per unit: $72

Net realizable value per unit: $67

Since the net realizable value per unit is lower, we use the net realizable value per unit.

Ending inventory value for Blu-ray players = 175 units * $67 = $11,725

For iPods:

Cost per unit: $85

Net realizable value per unit: $77

Since the net realizable value per unit is lower, we use the net realizable value per unit.

Ending inventory value for iPods = 125 units * $77 = $9,625

Total ending inventory at lower-of-cost-or-net realizable value = $8,450 + $11,725 + $9,625 = $32,800

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