There are seven main instruments used in trade policy with tariffs being the oldest and the simplest. local content requirements tariffs subsidies voluntary export restraints import quotas.
Explanation:
Trade policy incorporates seven principal tools: tariffs, subsidies, import quotas, voluntary restrictions on exports, local content needs, administrative policies and anti-dumping duties. Tariffs are the easiest and earliest type of the tools of trade policy.
They have historically been utilized as a reservoir of government revenue but are primarily employed nowadays to shield particular home industries from foreign competition by artificially hiking the local cost of the foreign good.These are also the mechanism most effective in restricting by the GATT and WTO.
Answer:
C. Variances falling outside of an acceptable range of outcomes do not require investigation.
Explanation:
The purpose of any business is to generate profit which is the difference between the revenues and all cost related to business.
In order to define suitable selling price and acceptable cost, all figures are to be set in standard range; any variance outside the standard, even lower or higher, must be investigated then the company can make proper adjustments.
In the end, the right standard is not only achievable but also maximize for the profit set.
So while other statements are true about standard and variance, the statement (C) is totally wrong because it said “Variances falling outside of an acceptable range of outcomes do not require investigation”
Answer:
A
Explanation:
the sales price increase and because the variable cost are the same the contribution margin will increase, which lead to think the BEP is lower.
But, because the fixed cost also increase we cannot determinate where the new BEP Will be higher or lower. The fixed cost could increase so much that nulifies the increase in the contribution margin or even be higher enought that the BEP goes higher.
So Option A is the only true statment.
2. %
Answer:
Margin of safety in dollars is $91,000
Margin of safety as percentage of sales is 26%
Explanation:
Margin of safety can be defined as the amount of output or sales that a business can make before it reaches its breakeven point.
To calculate margin of safety in dollars
Margin of safety= Sales - Breakeven sales
Margin of safety= 350,000- 259,000
Margin of safety= $91,000
To calculate margin of safety as a percentage of sales, we use the following formula.
Margin of safety = (Sales- Breakeven point) ÷ Sales
Margin of safety = (350,000- 259,000)÷ 350,000
Margin of safety= 0.26= 26%
Answer:
1. Margin of Safety(MOS) expressed in dollars =91,000
2. Margin of Safety(MOS) expressed as percentage = 26% (to the nearest whole number)
Explanation:
The MARGIN OF SAFETY is applied as a measure of the difference between the actual sales and break-even sales.
In other words, to find Margin of Safety, you subtract break-even sales from the actual sales.
MOS is used to determine at which level sales can drop before a business incurs losses. It is a tool by which actual or budgeted sales may be decreased without resulting in any loss.
1. Formula for Margin of Safety(in dollars):
Margin of Safety(in dollars) = Actual/Budgeted Sales ➖ Break-even Sales
Where:
Actual Sales = $350,000
Break-even Sales = $259,000
➡ Margin of Safety(in dollars) = $350,000 ➖ $259,000 = 91,000(ans)
2. Formula for Margin of Safety (expressed as a percentage) = [(Actual/Budgeted Sales ➖ Break-even Sales) ➗ Actual/Budgeted Sales] ✖ 100%
Where:
Actual Sales = $350,000
Break-even Sales = $259,000
➡ Margin of Safety (in percentage) = [($350,000 ➖ $259,000) ➗ $350,000] ✖ 100%
= ($91,000 ➗ $350,000) ✖ 100%
= 0.26 ✖ 100% = 26%(ans).
How many units were completed in June?The equivalent units for materials under the weighted-average method are calculated to be?
Answer:
a) 14,300 units
b)
Materials: 18,400
Conversion: 16,350
Explanation:
physical count of units:
beginning 2,100
transferred-in 16,300
ending (4,100)
transferred-out 14,300
equialent units for w/a:
transferred-out + percentage of completion ending WIP
Materials: 14,300 + 4,100 x 100% = 18,400
Conversion: 14,300 + 4,100 x 50% = 16,350
buying?
To encourage impulse purchases, inexpensive items such as snacks and lighters are placed near the cash registers.
A cash register is also known as a machine-controlled money handling system. It is a mechanical device used at a point of sale to register and calculate transactions.
It is typically attached to a storage space and applied to store cash and other valuables. In order to encourage impulse purchases, inexpensive items such as snacks and lighters are strategically placed near cash registers.
Learn more about the cash register, refer to:
Answer:
cheap things like snacks and lighters
Explanation:
(B) lower than it was in short-run equilibrium but higher than it was originally (before aggregate demand increased).
(C) lower than it was originally (before aggregate demand increased).
(D) equal to what it was originally (before aggregate demand increased).
Answer:
The answer is (A) higher than it was in short-run equilibrium.
Explanation: