Jobs argument justifications is the pundit using to argue for the trade restriction on steel rods
Explanation:
A main argument often put forward to curb trade would be that trade decreases the amount of jobs domestically available.
The point about maintaining jobs is often put forward by employers to protect union jobs. Nevertheless, unions are undermining the market by prohibiting businesses from receiving their products at lower prices, causing them to increase prices. Moreover, businesses are often discouraged from using automation or robotics to retain jobs, which is ironic because automation and robotics improve the productivity of workers, thereby encouraging companies to pay employee salaries and benefits.
Answer:
Dr Accounts payable 1850
Cr Merchandise inventory $37
Cr Cash $1813
Explanation:
Preparation of the journal entry to record the payment on July 12 Using the gross method,
JOURNAL ENTRY
Jul-12
Dr Accounts payable ($2300-450) 1850
Cr Merchandise inventory ($1850*2%) $37
Cr Cash $1813
($1850-$37)
(Being entry recorded for payment to supplier)
Answer: The minimum score acceptable is 75, Akron has a score of 69 while Boston has a score of 64. The Manager should not consider Boston and Akron, they both have a score below the acceptable score of 75
Explanation:
Score = 0.5 x Raw material + 0.40 x Transport + 0.10 x Labor cost
Akron = 0.5 x (60) + 0.40 x (80) + 0.10 x (70)
Akron = 30 + 32 + 7 = 69
Boston = 0.5 x (70) + 0.4 x (50) + 0.10 x (90)
Boston = 35 + 20 + 9 = 64.
The minimum score acceptable is 75, Akron has a score of 69 while Boston has a score of 64. The Manager should not consider Boston and Akron, they both have a score below the acceptable score of 75
Answer:
They work for companies that buy stocks and sell them once they grow, stock brokers are the ones who sell the stocks through phone calls.
Lower of cost or Market
The historical cost is 260
So we need to find the market value
First we have to determine the floor and ceiling
(NRV)Ceiling = selling price - cost to complete and disposal =$310
Floor=NRV-normal profit margin = 310-(0.35*310)=$201.5
Market price cannot be above ceiling or below floor so we should use the current replacement cost of $240
To calculate the ending inventory =240*60 =14,400 (in stock)
