Answer the Following Questions Using the Information Below:
Appleby Incorporated $\quad\quad\quad\$ 125.00$

question 42

Multiple Choice

Answer the following questions using the information below:
Appleby Incorporated is a distributor of golf balls.Kel's Golf Supplies is a local retail outlet which sells golf balls.Kel's purchases the golf balls from Appleby Incorporated at $0.75 per ball;the golf balls are shipped in cartons of 72.Appleby Incorporated pays all incoming freight,and Kel's Golf Supplies does not inspect the balls due to Appleby' reputation for high quality.Annual demand is 172 800 golf balls at a rate of 3322 balls per week.Kel's Golf Supplies earns 12% on its cash investments.The purchase-order lead time is one week.The following cost data are available:
Relevant ordering costs per purchase order $\quad\quad\quad\$ 125.00$
Carrying costs per carton per year:
Relevant insurance, materials handling,
breakage, etc,, per year $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\$ 0.77$
-If Kel's makes an order (1/12 of annual demand) once per month,what are the relevant total costs?

• A)$2085.67
• B)$1500
• C)$2225.00
• D)$3000.00

Identify which product a country has an absolute advantage in producing.

Differentiate between a tariff and other forms of trade barriers and understand their impact on government revenue.

Calculate the opportunity cost of producing different goods in a specialization scenario.

Determine which product a country has a comparative advantage in producing.

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Definitions:

Percentages

A mathematical concept used to express proportions, ratios, or fractions in terms of 100, representing parts of a whole.

Accounts Receivable

Funds that customers owe to a firm for goods or services provided but not yet settled.

Accounts Payable

Liabilities to creditors for goods, supplies, or services purchased on credit but not yet paid.

Subsidiary Ledgers

Detailed ledgers that break down and provide supporting information for accounts listed in the general ledger.