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1 year ago

What are import quotas also known as?

1 answer:

5 0

An import quota, a type of trade restriction, establishes a physical limit on the Quota of an item that may be carried into a country over a specific period of time.

Like other trade restrictions, quotas are often implemented to help an economy's producers of a particular good (protectionism). To decrease imports and boost domestic production, nations occasionally impose quotas on particular products. The idea of quotas is to increase home production by limiting international competition. Quota-implementing government initiatives are frequently referred to as protectionism policies. Import Government-imposed quotas are one type of restriction on the trade of a certain good by limiting either fixed in terms of value.

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Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows:

masya89 [10]

Answer:

B) 1282

Explanation:

Units Per unit price Total

Balance, 1/1/18 200 $5.00 $1,000

Purchase, 1/15/18 100 $5.30 $530

Purchase, 1/28/18 100 $5.50 $550

total 400 $2,080

Balance, 1/31/18 140 $762

the first in, first out inventory method assigns cost of goods sold to the oldest merchandise available, so the 1/31/18 inventory's balance = (100 x $5.50) + (40 x $5.30) = $550 + $212 = $762

So COGS = $2,080 - $762 = $1,318

gross profit = revenue - COGS = [(400 - 140) x $10] - $1,318 = $2,600 - $1,318 = $1,282

3 0

3 years ago

A company would like to produce 1000 products per week for 30 weeks. The Direct Material Cost for the raw materials used in the

ella [17]

Answer:

$60000

Explanation:

Their are 1000 products to produce per week for 30 weeks.

Total of product = 30* 1000

= 30000

For every 100 products, the filter needs to be changed, and it cost $50.

The number of filter used is

= 30000/100

= 300.

So the product cost $1.5

Total cost =

($1.5*30000)+($50*300)

= $45000+$15000

= $60000

4 0

3 years ago

Phoebe is meeting with a client to present her ideas. What is recommended as the best way to present her ideas to the client?

Dimas [21]

<h3>because the 2 is describe which is good so they can understand it</h3><h3>the 3 is good to because ypu can send it on ther email that they can see it </h3>

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6 0

3 years ago

hornton Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Mo

nignag [31]

Answer:

The total monthly fixed cost and the variable cost per hour is $1,540 and $23

The average contribution margin per hour is $27

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Operating cost - low operating cost) ÷ (High service hours - low service hours)

= ($11,200 - $4,300) ÷ (420 hours - 120 hours)

= $6,900 ÷ 300 hours

= $23

Now the fixed cost equal to

= High operating cost - (High service hours × Variable cost per hour)

= $11,200 - (420 hours × $23)

= $11,200 - $9,660

= $1,540

For computing the contribution margin per hour, first we have to compute the revenue per hour which is shown below:

= Revenue ÷ service hours

= $6,000 ÷ 120 hours

= $50

We know that,

The contribution per hour = Revenue per hour - variable cost per hour

= $50 - $23

= $27

8 0

3 years ago

Assume that Oriole Company uses a periodic inventory system and has these account balances: Purchases $355,300; Purchase Returns

Alexxandr [17]

Answer:

The answer is:

Net purchases = $336,100

Cost of goods purchased = $352,900

Explanation:

Net purchases equals purchases minus purchase returns and allowances minus purchase discount.

Purchases = $355,300

Purchase returns = $10,200

Purchase discount = $9,000

Therefore, net purchase is:

$355,300 - $10,200 - $9,000

= $336,100

Cost of goods purchased equals net purchase plus freight in.

Freight in = $16,800

So cost of goods purchased is:

$336,100 + $16,800

=$352,900

5 0

3 years ago