All of the listed barriers hamper free movements of people, goods, services, and capital across national boundaries. So option (d) would be the appropriate response.
Why is freedom of movement regarded as important?One of the single market's four fundamental freedoms, along with the freedom of movement of money, goods, and services, is the freedom of movement. These liberties were codified in the 1957 Treaty of Rome, which founded the European Economic Community, the forerunner of the EU (EEC).
After the Second World War, the concept of freedom of movement was first used to entice individuals to relocate in search of employment. A movable workforce was supposed to enhance the economy of the six founding members of the EU and possibly stave off further warfare on the continent.
Free-movement agreements allow workers to relocate from nations where there are few jobs to others where there are numerous jobs and a shortage of labor.
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The complete question is mentioned below :
Although the world economy is much more integrated today than was the case 10 or 20 years ago, a variety of barriers still hamper free movements of people, goods, services, and capital across national boundaries. These barriers include
a) legal restrictions.
b) excessive transportation costs.
c) information asymmetry.
d) all of the above
the east company manufactures several different products. unit costs associated with product ord210 are as follows: direct materials $54 direct manufacturing labor 8 variable manufacturing overhead 11 fixed manufacturing overhead 25 sales commissions (2% of sales) 5 administrative salaries 12 total $115 what are the inventoriable costs per unit associated with product ord210?
The inventoriable cost per unit associated with product ord210 is $98.
What are inventoriable costs?Inventoriable costs are described as the costs that are linked with the manufacture of a product and selling them. The constituents of inventoriable costs include factory overheads, direct expenses, direct labor, and direct materials.
Given that,
Direct materials = $54
Manufacturing labor = $8
Variable manufacturing overhead = $11
Fixed manufacturing overhead = $25
Inventoriable costs = Direct materials + Manufacturing labor + Variable manufacturing overhead + Fixed manufacturing overhead = 54 +8+11+25 = $98
It can be concluded that the inventoriable cost per unit associated with product ord210 is $98.
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during the month of may, direct labor cost totaled $13,600 and direct labor cost was 40% of prime cost. if total manufacturing costs during may were $78,700, the manufacturing overhead was:
The manufacturing overhead was $44,700
Solution
Prime cost = Percentage of prime cost Labor cost
=40% of $13,600
=$34,000
The prime cost is $34,000.
Therefore,
Manufacturing Overhead = Total manufacturing cost−Prime cost
=$78,700−$34,000
=$44,700
What is Prime cost?
A prime cost is the total direct costs of production, including raw materials and labor. Indirect costs, such as utilities, manager salaries, and delivery costs, are not included in prime costs. The prime cost equation is equal to the cost of raw materials plus direct labor.
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on june 1, davis inc. issued an $75,600, 7%, 120-day note payable to garcia company. assume that the fiscal year of garcia ends june 30. using the 360-day year, what is the amount of interest revenue (rounded) recognized by garcia in the following year? a.$882 b.$5,292 c.$1,323 d.$441
The amount of interest revenue is $441
An organisation's income from whatever investments it makes or on the debt it holds is known as interest revenue.
When someone deposits money into a savings account and chooses to do nothing with it for several months or years, that is a pretty straightforward example of interest income occurring daily.
Calculating the interest -
75,600 × 7%
= 75600 × 0.07
= 5292
Now, The note was issued on June 1
Therefore -
5292 × 30/360 ( Since June has 30 days)
= 441
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you have invested 20 pecent of you portfolio in homer, inc, 40 percent in marge co., and 20 percent in bart resources. what is the expected return of your portfolio
The average return expected is = 8.2%
The return on investment is calculated asA portfolio is a set of property/ investment. The return on a portfolio is the weighted common of all of the return of the man or woman property weighted in step with the share of general finances allotted to every property.
Expected return on portfolio:
E(R) =(WA*Ra) + (Wb*Rb) + (Wc*Rc) + Wn*Rn
W= Weight i.e., share of fund invested in every asset elegance
WA = 20%, Wb- 40%, Wc- 20%
Ra-2%, Rb-18%, Rc- 3%
E(R) = (0.2 *2%) + (0.4× 18%) + (0.2*3%) = 8.2%
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What is one way to name a computer document to be able to identify it as the most recent version?
add READ LATER to the end of the file name
add your initials at the end of the file name
add the date at the end of the file name
give the document a completely new name every time it's changed
Based on the available options and the Microsoft Office techniques, the one way to name a computer document to be able to identify it as the most recent version is to "add the date at the end of the file name."
Naming and Sorting of Documents in ComputerThere are straightforward means of naming and sorting file documents in a computer to make it easier to access.
One of the ways of naming a file document is to use a name or phrase that defines the document.
However, in other to quickly identify the document with the most recent version of the edit, it is advisable to add the date at the end of the file.
This will help the user to quickly identify the most recent or latest version as the date will specify the last edit or when the document is created.
Hence, in this case, it is concluded that the correct answer is "add the date at the end of the file name."
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you have been the project manager on a large, high-profile, three-year project in a highly projectized organization. you have had a great team that has been together since the beginning. by all key measures, the project was a success. it will be tough to close out the project. who is the best choice to close out the project and why?
The project should be closed as soon as its objective is completed and it's the organization's responsibility to do so. This will help the team to work on new projects and is important for the growth of the team on a group level.
The Organisation's leaders should close the project after the completion of its objective. It's their responsibility because the team represents the firm. Authorities that are best choices to close the project are:
The project manager is closest to everyone and will be very efficient in order to release the resources.The Termination manager should process the closing of a project in order to audit the work of the project team.The Company Management should take over the project once the objective of the project is completed for the team which is assigned to them. This will help them work on new projects.To know more about Project Management, Click here:
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using a perpetual inventory system, the effect on the accounting equation of purchasing merchandise on account includes a(n) . (check all that apply.)
Using a perpetual inventory system, the effect of purchasing products on account on the accounting equation includes a rise in liabilities and assets.
A perpetual inventory system is a program that constantly assesses your inventory using computer information rather than a physical inventory. This method starts with a physical inventory as a baseline and adjusts based on sales and shipments.In business and accounting, a perpetual inventory system or continuous inventory system refers to inventory systems in which data on inventory quantity and accessibility is refreshed on a continual basis as a result of doing business.A perpetual inventory system continuously monitors your inventory levels. Updates are conducted automatically when you receive or sell merchandise. Purchases and returns are reflected in your inventory accounts promptly. A supermarket, for example, might use a perpetual inventory system.Thus this is the meaning of perpetual inventory system.
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the deliberate floating on funds between two or more bank accounts in order to make it appear that more cash is present than is really the case is called
Check kiting is the purposeful transfer of money between two or more bank accounts to give the impression that there is more cash on hand than there actually is.
Elaborate on check kiting.A type of check fraud called check kiting or cheque kiting (see spelling variations) involves using fictitious cash from a checking or other bank account by taking advantage of the float. Checks are abused in this way to get unlawful credit instead of being utilized as a negotiable instrument.
The term "kiting" refers to the deliberate writing of a check from an account in one bank for a sum greater than the account balance, followed by the writing of a check from an account in another bank with insufficient funds, the second check being used to cover the insufficient funds from the first account. Check kiting is the practice of artificially inflating a checking account's balance to enable the clearing of written checks that would otherwise bounce. Paper hanging is the slang term for fraud that occurs when there are no plans to replenish the account. Playing the float refers to making a cheque with inadequate funds with the idea that the funds will be available by payday.
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which factors predicts how local firms in emerging economics will respond to multinational competitors? competitive assets and industry pressures to globalize formal and informal institutions market dominance and market fragmentation cooperation and signaling
Globalization pressure is the factor which predicts how the local firms in emerging economics will respond to multinational competitors.
The term "globalization" is used to describe how trade and technology have increased connectivity and interdependence around the world. The resulting economic and societal developments are also included in the scope of globalization.
Globalization gives businesses in industrialised countries a competitive advantage. Globalization also benefits developing nations since they often have a lower cost of living, which attracts employment.
There are many causes of globalization, but some of the most significant ones are expanded commerce, increasing labour and capital mobility, and enhanced technology.
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economist smith believes that changes in aggregate demand affect only the price level, and economist jones believes that changes in aggregate demand affect only real gdp. what do the ad and as curves look like for each economist?
The relationship between overall price levels and total demand is not always obvious or direct. However, in the broadest sense, rising aggregate demand is correlated with rising price levels.
When the components of aggregate demand—consumption spending, investment expenditure, government spending, and spending on exports less imports—increase, so does aggregate demand.
Aggregate demand and price level: what are they?The total amount of finished products and services that are demanded in an economy is measured by aggregate demand. The total amount of money exchanged for those goods and services at a particular price point and period is how this measurement is expressed.
The price level represents the average of the current pricing for all goods and services produced.
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gerritt wants to buy a car that costs $30,500. the interest rate on his loan is 5.63 percent compounded monthly and the loan is for 6 years. what are his monthly payments?
The monthly payments will be $317.58
Calculation of monthly payments
Using the the formula for EMI given
EMI = [P * I * (1+I)^N]/[(1+I)^N-1]
P =loan amount or Principal = 30500
I = Interest rate per month = .0563/12
N = the number of installments = 6*12 = 72
EMI = [30500*.0563/12* (1+(.0563/12))^72]/[(.0563/12))^72-1]
EMI = [30,500 * 0.0563 / 12 * 1.337] / [1.337 - 1]
EMI = 107.02 / 0.337
EMI = $317.58
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in october 2005, a company employs 8500 people and its total monthly wage bill is 11.9 million dollars. what is the average monthly wage of the company's employees?
Average monthly wage : 1400 dollars.
The company is growing at a rate of 25 employees per month.
The total monthly wage bill is increasing at a rate of 300 thousand dollars per month.
What is average monthly wage?The amount a person makes each month is their average monthly income. You may determine how much money you have available each month after taking off deductions like federal or income taxes by using your typical monthly income.
the meaning of. average salaries The ratio of the average usual weekly hours per full-time employee to the average usual weekly hours for all employees is used to calculate average earnings by dividing the total wage bill based on national accounts by the average number of employees in the entire economy.
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the customer service representative at the department store who keeps smiling as she listens to the customer bitterly complain about her newly purchased product is engaging in deep acting. group of answer choices true false
The statement is True.
The required details about customer service representative is mentioned in below paragraph.
A customer service representative assists clients who have questions, requests, or issues regarding goods or services they have obtained from the company. The needs of the clients are prioritized at every stage of the procedure, and solutions are provided that are made specifically for those particular problems. Orders are taken, returns are processed, consumers are helped with complaints and inquiries, and information about products and services is given by customer service personnel. Because they help customers understand the products and reply to questions about their reservations, they are occasionally seen as having a role in sales.
The following responsibilities belong to customer service agents:
Maintaining a constant, compassionate, and professional demeanor with customers.
Answering client questions as soon as possible.
Use a variety of avenues to reach out to customers.
Addressing client complaints after they are acknowledged.
Having a thorough understanding of our products to enable you to respond.
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maria's firm manufactures homemade salsa. her product is sold around the country, but she adds extra jalapenos to her product sold in texas, new mexico, and arizona because those customers prefer the extra heat and spice. maria also markets the product differently based on the region of the country where it is sold. this represents what type of targeting strategy?
As Maria uses different product strategies for different countries, this type of strategy is called differentiated strategy.
In the field of business, a differentiated strategy can be described as the various techniques and products that make a company unique so that there sales can be increased.
In the case above, Maria creates unique products by adding extra jalapenos to her product sold in Texas, new Mexico, and Arizona so that her sales can be increased. Also, she chooses a unique marketing strategy according to the demands of consumers of a country. Hence, Maria is using a differentiated strategy in order to promote her products.
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true or false: as a result of the check clearing for the 21st century act (check 21), auditors will only be able to obtain copies of paper checks when investigating possible fraud.
The statement that check clearing for the 21st century will let auditors obtain copies of paper checks during fraud investigation is False.
The Check Clearing for the 21st Century Act removes some of the legal barriers to check truncation in order to promote innovation in the payments system and increase its effectiveness. By introducing a new negotiable instrument known as a substitute check, the law makes it easier for banks to truncate original checks, process checks data electronically, and distribute substitute checks to institutions that still want to receive paper checks.
A substitute check has all the information found on the original check and is the same thing legally as the original check. The law does not force banks to issue substitute checks using the new authority given by the Act or to accept checks in electronic form. The audit team will only be able to collect electronic copies of checks because paper ones are typically destroyed.
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What term is used to describe the practice of unloading materials from an incoming trucks or rail cars and loading these materials onto outbound trucks or rail cars, with little or no storage or warehousing in between?.
Consolidation is the logistics process of removing cargo off an incoming truck or railway and loading it immediately onto an outgoing truck or railcar with little or no storage in between.
What does supply chain cross docking entail?Cross-docking is the process of putting products straight onto outbound vehicles after they have been delivered to inbound vehicles.A person or business that transports freight for a single or a small group of shippers under contract. not required to assist the public. A person or firm that hauls its own goods as part of a venture that makes, uses, sells, or purchases the goods being transported.Cross docking is a lean concept since it saves some wasteful transit and the requirement to keep inventory. Reduced lot sizes and shipping numbers - By decreasing lot sizes and shipping quantities, a business can boost warehouse productivity and expedite shipping.To learn more about Cross-docking refer to:
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when is a currency said to be externally convertible? multiple choice when only nonresidents can convert it into a foreign currency without any limitations. when both residents and nonresidents can purchase unlimited amounts of a foreign currency. when neither residents nor nonresidents are allowed to convert it into a foreign currency. when only residents can convert it into a foreign currency.
Only nonresidents can convert it into a foreign currency without any limitations.
The answer is option A.
A convertible currency is any nation's prison smooth that may be without difficulty offered or offered at the foreign exchange market with little to no restrictions.
Convertible foreign money is an extraordinarily liquid instrument compared with currencies that might be tightly controlled through a central authority's important bank or other regulating authority.
Non-convertible forex is one this is used broadly speaking for home transactions and isn't always brazenly traded within the foreign exchange (FX) marketplace.
This is generally the end result of government regulations, which prevent it from being exchanged for overseas currencies.
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multiple choice question company a sold 200,000 units. selling price is $7 per unit, contribution margin is $4 per unit, and the fixed expenses total $632,000. company a's profit (loss) is blank . multiple choice question. ($32,000) $18,000 $168,000 $768,000
A company with multiple choice questions sold 200,000 units. $7 is the selling price, $4 is the contribution margin, and $632,000 is the fixed expense total. Profit (loss) for company A is left blank. query with several options. ($32,000) $18,000 $168,000 $768,000
Unit sales goal is 6,000 units fixed expense.
The sales price less the variable cost per unit is what is referred to as the contributing margin company. The breakeven point is also known as the point at which expenses are equal to revenues. The equation is given by Contributing margin = 36,000/4000 and Breakeven= Fixed cost/Contributing margin 4,000.
Target unit sales equal (1800+3600)/9 Contributing margin = $9 Target unit sales equal (profit target+fixed cost)/contributing
Unit sales goal is 6,000 units company.
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Invented by the well-known quality control statistician dr. Kaoru ishikawa, what is the name of the analysis tool that provides a systematic way of looking at effects and the causes that create or contribute to those effects?.
A visual aid for classifying a problem's possible origins is a fishbone diagram. This technique is used to determine the underlying causes of issues.
What is Fishbone structure?An effective visual representation of cause and consequence is a fishbone diagram. It is a more organized method than some other problem-solving programs on the market (e.g., the Five Whys tool). The issue or result is seen at the fish's mouth or head.The cause-and-effect analysis tool most frequently used in Six Sigma is the fishbone diagram. One of the most important responsibilities in any Six Sigma DMAIC project is cause-and-effect analysis because when the right root causes of the issue (the Y) are identified, half the battle is won.One of the seven quality circles (QC) tools is a fish-bone diagram. Visualizing potential causes makes it easier to identify the underlying cause of a specific issue.To learn more about Fishbone structure refer to:
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which process does general electric uses to invite alternative vendors to bid on supplying their required components? segmentation rfp reselling organizational culture
RFP or Request for proposals is process does general electric uses to invite alternative vendors to bid on supplying their required components.
Define RFP.A request for proposals (RFP) is a business document that announces, describes, and requests quotes for the completion of a project from capable contractors. It is an open request for bids to finish a new project that the business or other group issuing it has suggested.
It is intended to stimulate competition and a wide range of alternatives that the project's planners may take into account. Both large and small businesses typically have just enough resources to continue running their current operations. They lack the knowledge and resources necessary to add a new project to their burden if they decide to take it on.
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assume that the ending merchandise inventory was accidently understated by $300. what are the correct amounts for cost of goods sold and gross profit?
Average inventory equals (Beginning inventory + Ending inventory) / 2, according to the formula. Knowing the formula alone won't get you very far, though. Your overall inventory strategy should include calculating average inventory.
What is the right formula to determine the average merchandise inventory?Average inventory equals (Beginning inventory + Ending inventory) / 2, according to the formula. Knowing the formula alone won't get you very far, though. Your overall inventory strategy should include calculating average inventory. Add the opening and closing inventories together, then multiply the result by two to get the average inventory. The daily inventory utilization is the outcome. The variance in average inventory may reflect the nature of the company and the degree of its volatility exposure.The ideal inventory turnover ratio for the majority of industries will be between 5 and 10, meaning the business will sell and refill inventory every one to two months. The optimal ratio will be higher for businesses that deal in perishable goods, like florists and supermarkets, to reduce inventory losses due to spoiling.To learn more about average merchandise inventory refer to:
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murphy's, incorporated, has 25,000 shares of stock outstanding with a par value of $1 per share. the market value is $10 per share. the balance sheet shows $76,500 in the capital in excess of par account, $25,000 in the common stock account, and $145,500 in the retained earnings account. the firm just announced a stock dividend of 12 percent. what will the balance in the capital in excess of par account be after the dividend?
The balance in the capital in excess of the par account after the dividend will be $103,500.
Number of shares issued as dividend = 12% Number of shares outstanding
Number of shares issued as dividend = 12% 25,000
Number of shares issued as dividends = 3,000
Increase in common stock = Number of shares issued as dividend * Par value per share
Increase in common stock = 3,000 $1.00
Increase in common stock = $3,000
Decrease in retained earnings = Number of shares issued as dividend * Market price per share
Decrease in retained earnings = 3,000 $10.00
Decrease in retained earnings = $30,000
Increase in the capital in excess of par = Decrease in retained earnings - Increase in common stock
Increase in capital in excess of par = $30,000 - $3,000
Increase in capital in excess of par = $27,000
Balance in the capital in excess of par after dividend = Balance in the capital in excess of par before dividend + Increase in the capital in excess of par
Balance in capital in excess of par after dividend = $76,500 + $27,000
Balance in the capital in excess of par after dividend = $103,500
Market value commonly referred to as "open market valuation," is the cost that an asset would command on the open market or the estimation that the financial community makes of a specific equity or company.
The estimated worth of the land according to the records kept by the relevant state government is known as the market value of land or the guidance value of a property. The minimal price at which the sale of a property can be registered with the state is known as the circle rate in various states.
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suppose that real interest rates in the u.s. rise relative to real interest rates in other countries. this increase would make foreigners a. more willing to purchase u.s. bonds, so u.s. net capital outflow would rise. b. more willing to purchase u.s. bonds, so u.s. net capital outflow would fall. c. less willing to purchase u.s. bonds, so u.s. net capital outflow would rise. d. less willing to purchase u.s. bonds, so u.s. net capital outflow would fall.
If real interest rate in US rise, so other people in other county will less to purchase U.S bond so US net capital outflow would rise (Option C). It is because A high real interest accounts for a more attractive domestic asset so that it will reduces the net capital outflow.
Real interest rate can be defined as an interest rate that has been adjusted to remove the effects of inflation. The rate of time preference for current goods over future goods can be reflected in the real interest rate. The real interest rate can be affected by several factors, such as countries location and down payment.
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smart business communicators know that dealing with disappointed customers should be done immediately and personally. however, written correspondence may be appropriate when . a. the customer is angry b. resale or promotional materials are unavailable c. personal contact is impossible d. the customer's request will be denied
Written correspondence may be appropriate when (C) personal contact is impossible. It aims so that customers are not disappointed and improve the company's good name.
Smart Businesses can be described as a business that adopt emerging new technologies in a way that delivers their business strategy, pushes IT development into the hands of the operational teams., and operational excellence across all internal core processes and external supply chain. There are several examples of business strategies, such as Improve customer retention and Improve customer service. So, we can conclude that customer is an important point for business strategy.
There are several types of business strategies, such as:
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after test driving three different cars, you have decided to buy a honda. now you must find a honda dealer within reasonable distance of your home, and preferably one with a full-service department. you are in which stage of the consumer decision process?
I am in purchase decision and purchase act stage of consumer decision process.
Five fundamental steps make up the consumer decision-making process. Consumers use this method to assess whether to make a purchase. The five processes include problem identification, information search, examination of alternative options, purchase choice, and post-purchase analysis.
5 steps in the decision-making process for consumers
Identifying the issue: acknowledges the need for a good or serviceSearch for information: collects information Alternatives assessment: compares options and weighs the pros and cons of eachMaking a purchase: really buys anythingEvaluation following purchase: considers the acquisition they madeAlthough the decision-making process for consumers can appear mysterious, all buyers follow the same fundamental processes to decide which goods and services will best suit their needs.
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massive dynamic computers sources the components for its laptops from various suppliers on the market. the firm pays $100 for processors, $35 for disk drives, $50 for screens, $10 for memory, and $40 for graphics and wireless internet cards. massive dynamic has determined that it would cost $200 per unit to produce all of the necessary components in its in-house manufacturing facility. in this scenario, massive dynamic should
Given that at the moment Gold Leaf spends roughly $235 to source a single unit (processor, disk drives, screens, memory, graphics, and wireless internet cards) various suppliers on the market.
A corporation often owns the whole supply chain when employing a vertical integration strategy (such as sourcing, manufacturing, and various suppliers distributing). The ideal course of action for Gold Leaf in this situation would be vertical integration because it will standardize its sourcing, suppliers, and distributors, lowering the overall costs associated with producing one unit.
The Gold Given that at the moment Gold Leaf spends roughly $235 to source a single unit (processor, disk drives, screens, memory, graphics, and wireless internet cards). Leaf should choose a vertical integration various suppliers plan for better control over its supply chain because producing their own products in-house will directly cut the overall cost by $35 and cost roughly $200 each unit.
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exxon pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month. if the budgeted cost of raw materials purchases in july is $256,550 and in august is $278,050, then in august the total budgeted cash disbursements for raw materials purchases is closest to:
The total budgeted cash outlays for raw material purchases are close to $265,150.
What is budgeted cost?A budgeted cost is a projected future expense that the company expects to incur. In other words, it is an estimated expense that management expects to incur in the future based on projected revenues and sales. The difference between your static budget and the actual figures for your company's income and expenses is referred to as "budget vs. actual." Budget vs. actual is bookkeeping jargon for budget vs. actual variance analysis. Cost budgets detail the costs of running your business, managing a project, or developing a product. It tells you how much money you expect to pay out over a specific time period and includes items like labour and utility costs.Therefore,
Catano Corporation pays 40% of its raw material purchases in the month of purchase and 60% in the month following. If the budgeted cost of raw material purchases in July is $256,550 and $278,050 in August,
Cash disbursements:
From July= 256,550 × 0.60 = 153,930
From August= 278,050 × 0.4 = 111,220
Total= $265,150
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what is the best ordering of steps for producing a commercially successful industrial microbiological product? choose one: a. develop a business plan, identify a product, isolate the microbial source, perform safety and efficacy tests, scale up production b. identify a product, isolate the microbial source, scale up production, develop a business plan, perform safety and efficacy tests c. isolate the microbial source, identify a product, scale up production, develop a business plan, perform safety and efficacy tests d. identify a product, develop a business plan, isolate the microbial source, scale up production, perform safety and efficacy tests
The best ordering of steps for producing a commercially successful industrial microbiological product is . identify a product, isolate the microbial source, scale up production, develop a business plan, perform safety and efficacy tests
Option B is correct.
What are the products of industrial microbiology?Industrial Microbiology is actually a branch of applied microbiology in which microorganisms are used for the production of necessary substances, like antibiotics, food products, enzymes, amino acids, vaccines, and fine chemicals.
Why is industrial microbiology important?The importance of industrial microbiology is the production of new drugs synthesized in a specific organism for certain medical purposes. Production of antibiotics is important for the treatment of many bacterial infections.
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your company receives a $75,000 advance for 1 year's rent that you record in rent received in advance. if, at year-end, 3 months have elapsed, what adjusting entry will you record?
Rent received in advance is where your business records the $75,000 advance that it receives for a full year's rent. If three months have passed since the year's end, the adjusting entry will be:
Rent Revenue.............dr $56,250
Rent received in advance $56,250
Making changes to previously recorded entries in your diary is known as adjusting entries. They precisely check that the information you've recorded matches the appropriate accounting periods.
The three fundamental types of adjusting entries are accruals, deferrals, and non-cash charges. Cash transactions are converted into accrual accounting transactions using adjusting entries. The basis of accrual accounting is the revenue recognition concept, which aims to recognize income in the period in which it was earned rather than the period in which it is paid.
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in 1997, russia and ukraine exported carbon steel plate into the u.s. at a price much lower than the countries were found guilty of charging the identical steel in their home markets. russia and ukraine were engaged in:
In 1997, Russia and Ukraine exported carbon steel plates into the U.S. at a price much lower than the countries that were found guilty of charging identical steel in their home markets. Russia and Ukraine were engaged in dumping.
What is dumping?
Dumping is described as a process in which companies sell their products are a subsidized price or at a very low price. This is because such products are manufactured in large quantities and now such products are then sold in different markets at a reduced rate. In this process, a company or a country can carry out the dumping process.
In this scenario, Russia and Ukraine, in 1997, carried out dumping by exporting carbon steel plates into the US market at very cheap rates. This was later found out and both countries were charged with the guilt.
It can be concluded that in 1997, Russia and Ukraine exported carbon steel plates into the U.S. at a price much lower than the countries that were found guilty of charging identical steel in their home markets. Russia and Ukraine were engaged in dumping.
To know more about dumping, check this link:
https://brainly.com/question/9493663
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