The nations of Appleland and Orangeland produce apples and oranges. In Appleland, there are 100,000 hours of labor available in a month, and it takes 2 hours of labor to produce a barrel of apples, and 4 hours of labor to produce a crate of oranges.
In Orangeland, there are 200,000 hours of labor available in a month, and it takes 4 hours of labor to produce a barrel of apples and 1 hour of labor to produce a crate of oranges.
1. Which country has an absolute advantage in each good?
2. What is the opportunity cost of a crate of oranges in Orangeland?
3. What is the opportunity cost of a crate of oranges in Appleland?
4. Which country has a comparative advantage in each good?

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive