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2 years ago

Why do economists pay attention to the balance of trade?

1 answer:

3 0

Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.

<h3>Why is a balance of trade vital to the economy?</h3>

The Balance of trade plays a significant role in the calculation of the Gross Domestic Product of a country. As a part of GDP calculations, exports are brought and imports are subtracted from the total.

The more the change surplus, the more the GDP of a country.

Therefore, Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.

Learn more about balance of trade here:

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A company has two products: standard and deluxe. The company expects to produce 37,775 standard units and 63,640 deluxe units. I

jarptica [38.1K]

Answer:

Results are below.

Explanation:

First, we need to calculate the activity rates for each cost pool:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 1= 103,850 / (2,500 + 5,250)= $13.4 per unit of activity

Activity 2= 106,000 / (4,500 + 5,500)= $10.6 per unit of activity

Activity 3= 95,120 / (3,000 + 2,800)= $16.4 per unit of activity

Now, we can allocate overhead to Standard:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard:

Activity 1= 13.4*2,500= $33,500

Activity 2= 10.6*4,500= $47,700

Activity 3= 16.4*3,000= $49,200

Total allocated costs= $130,400

Finally, the unitary cost:

Unitary cost= 130,400 / 37,775

Unitary cost= $3.45

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3 years ago

Where could student researchers and/or student subjects find additional resources regarding the IRB approval process? (There may

nadya68 [22]

Answer:

Faculty advisor/Research Mentor

IRB office

Explanation:

The primary purpose of the IRB is to protect the rights and welfare of human subjects involved in research activities being conducted under its authority.

IRB approval is required before you start your research.

Federal regulations require that research projects involving human subjects be reviewed by an Institutional Review Board (IRB). The IRB must approve or determine the project to be exempt prior to the start of any research activities.

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3 years ago

Read 3 more answers

In a small town, a steel mill produces air pollution. if the government does not intervene, the equilibrium price of steel wil

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Answer: a. less than the socially optimal price, greater than the socially optimal quantity

Explanation:

The steel mill is producing steel and selling at a rate that does not account for the pollution that it is causing. Because of this, it is selling at a lower equilibrium price than what it would had the Pollution been accounted for.

The Steel Mill is also selling quantity that is greater than what would be considered socially optimal because the socially optimal level would account for the pollution and adjust in such a way that the Pollution is minimized

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3 years ago

17. Which of the following is a false statement about the goals of management? A. Management's concern is that a union will crea

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I think it's either A) or B) Let me know

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4 years ago

Danner Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months

Alina [70]

Answer:

January February

Beginning Cash Balance 58,050 35,475

Add: Receipts

Collections from Customers 109,650 193,500

Sale of Marketable Securities 15,480 0

Total Receipts 125,130 193,500

Total Available Cash 183,180 228,975

Less: Disbursements

Direct Materials 64,500 96,750

Direct Labour 38,700 58,050

Manufacturing Overhead 25,155 30,315

Selling and Administrative 19,350 25,800

Total Disbursements 147,705 210,915

Cash Balance 35,475 18,060

Financing

Add: Borrowings 0 7,740

Less: Repayments 0 0

Ending Cash Balance 35,475 25,800

The company wants to maintain a minimum monthly cash balance of $25,800 so in February they will have to borrow;

= 25,800 - 18,060

= $7,740

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4 years ago