Answer:
Effect on income= $15,000 increase
Explanation:
Giving the following information:
A business received an offer from an exporter for 10,000 units for $13.50 per unit.
Unit manufacturing costs:
Variable 12
<u>Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.</u>
Effect on income= number of units*unitary contribution margin
Effect on income= 10,000*(13.5 - 12)
Effect on income= $15,000 increase
This is tough to answer in 3-5 sentences, and tends to also be a heavy identifier of your possible political leanings. You'll have to apologize if some of mine leak out in the response, but this is a question we debate hotly more frequently than every 4 years.
In general, international trade can help increase the GDP and overall profits for US-based corporations. However, if all we do is export, and we don't import, other countries don't look favorably upon that and may heavily tax our goods to counter this.
I believe we do need to be thoughtful about the amounts and kinds of international trade that we engage in. For example, farming is always a hotly debated issue for international trade, in part because farmers in other countries with a dramatically lower cost of living OR farmers in countries with a favorable currency rate (exchange from their currency to our dollars gives them an advantage) can undercut our farmers here in the US, many of whom are already struggling.
There are also those who are worried that when we import produce from countries that have not outlawed pesticides we know are carcinogenic, for instance, this creates not only a disadvantage for US farmers, but also for consumers who may be concerned about health issues.
As another example of this, many countries outlawed import of US beef during the Mad Cow Epidemic. We in turn also placed bans on importing beef from the UK.
These are examples of why it's important to be thoughtful about trade, but there are certainly many others, including decline in production jobs within the US that have left cities like Detroit a ghost town (this was formerly the hub of our automotive industry production).
Answer:
The number of units started into production is 7,000.
Explanation:
Number of units started into production = Units transferred out + units of ending work in process - units of beginning work in process
= 9,000 + 2,000 - 4,000
= 7,000
Answer:
Supply equals demand
Explanation:
Equilibrium is a situation which occurs when there is a balance between quantity demanded and quantity supplied.
What does it mean that his salary doubled?
this means that for example, if it was 1000 dollars, it would be 2000 dollars now, and it if was 2000 dollars, it would be 4000 dollars now.
This can be written down as $2x where x is the initial salary. (so if x=1000, the new salary is 2x=2*1000=2000
