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vfiekz [6]
2 years ago
8

One of the global institutions that emerged over the past 75 years is GATT which stands for the General Agreement on Tariffs and

_____.
Business
1 answer:
hichkok12 [17]2 years ago
5 0

GATT  is a very common term in business. One of the global institutions that emerged over the past 75 years is GATT which stands for the General Agreement on Tariffs and Trade.

<h3>What is the meaning of GATT?</h3>

The word simply means General Agreement on Tariffs and Trade. This  General Agreement is known to covers international trade in goods.

They are involved in Trade negotiations. The WTO is regarded as the successor to the General Agreement on Tariffs and Trade (GATT) set up after the Second World War.

Learn more about GATT from

brainly.com/question/7141880

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During 2018, TRC Corporation has the following inventory transactions.
Soloha48 [4]

Answer:

Results are below.

Explanation:

Giving the following information:

Jan. 1 Beginning inventory 48 $40 $1,920

Apr. 7 Purchase 128 42 5,376

Jul. 16 Purchase 198 45 8,910

Oct. 6 Purchase 108 46 4,968

For the entire year, the company sells 427 units of inventory for $58 each.

Ending inventory units= 482 - 427= 55

<u>1)</u>

<u>Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units remaining in inventory.</u>

Ending inventory= 55*46= $2,530

COGS= 48*40 + 128*42 + 198*45 + 53*46= $18,644

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,644= $6,122

<u>2)</u>

<u>Under the LIFO (last-in, first-out) method, the ending inventory is calculated using the cost of the firsts units remaining in inventory.</u>

<u></u>

Ending inventory= 48*40 + 7*42= $2,214

COGS= 108*46 + 198*45 + 121*42= $18,960

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,960= $5,806

<u>3)</u>

<u>First, we need to calculate the weighted-average cost:</u>

weighted-average cost= (40 + 42 + 45 + 46) / 4= $43.25

Ending inventory= 55*43.25= $2,378.75

COGS= 427*43.25= $18,467.75

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,467.75= $6,298.25

6 0
2 years ago
Which of the following arguments is used in support of undertaking passive​ policymaking?
mash [69]
C aggregate demand shocks
Play little or no role in the economy in the short run
3 0
3 years ago
Katie is a supervisor at a fast food restaurant. Every week, she submits a progress report to Molly, the restaurant manager, to
GarryVolchara [31]

Answer: Upward communication

Explanation:

Upward communication can be defined as the communication process that occurs from the lower levels to higher levels. In other words, communication flows upwards. Communication is a fundamental aspect of every workplace since it allows us to express everything that is happening at work. When communication occurs effectively, work can be done better and thus give better results. When there is communication, it is also easier to identify possible problems that may arise.

Staying in constant communication helps to make the work environment more comfortable for both, it is important to be able to express everything related to work and receive feedback that only has the intention that everything can go better.

7 0
3 years ago
Functions of Material Management:​
satela [25.4K]

Answer:

the function responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide a pre-decided service to the customer at a minimum cost

8 0
3 years ago
Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 14 percent. You als
mina [271]

Answer:

$5.89

Explanation:

The computation of current dividend per share is shown below:-

(Dividend in One Year) ÷ Current Price

= 14% ÷ 2

= 7%

Dividend = Dividend yield × Stock currently sold per share

= 0.07 × $90

= 6.3

Current dividend per share = Dividend ÷ (1 + Dividend yield)

= 6.3 ÷ (1 + 0.07)

=  6.3 ÷ 1.07

= $5.89

Therefore for computing the current dividend per share we simply applied the above formula.

6 0
3 years ago
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