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Fudgin [204]
3 years ago
7

"debby just got a job as an assistant in a new federal agency called the accounting commission that was set up to regulate the a

ccounting and auditing profession. the agency is headed by commissioners who serve for fixed terms and cannot be removed for cause. additionally, no more than a majority of the commissioners may be from the same political party. her agency is getting ready to issue rules. the enabling legislation that set up the accounting commission specified that the agency could make rules but said nothing about the form of the rules. debby's boss, blair, gave her some proposed rules and asked her to be sure that they were published and to take care of the next step in the approval process. blaire also told her that at this point she was not very interested in hybrid rule making. what would be the next step in obtaining enactment of the rules after publication"
Business
1 answer:
navik [9.2K]3 years ago
8 0
<span>The next step in obtaining enactment of the rules after publication would be the opportunity for all interested parties to submit written comments.</span>
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Sunland Company just began business and made the following four inventory purchases in June: June 1 144 units $1000 June 10 192
Sergio039 [100]

Answer:

The First-in, First-out has the lower cost of goods sold, therefore, it will provide with a higher gross profit.

Explanation:

Giving the following information:

June 1: 144 units for $1000 ($6.94 per unit)

June 10: 192 units for $1500 ($7.81 per unit)

June 15: 192 units for  $1610 ($8.38 per unit)

June 28: 144 units for  $1270 ($8.82 per unit)

Ending inventory in units= 200 units on hand.

The method that will provide a higher gross profit is the one with the lower cost of goods sold.

Inventory methods:

<u>FIFO (first-in, first-out):</u>

COGS= 144*6.94 + 192*7.81 + 136*8.38= $3,639

<u>LIFO (last-in, lsdt-out)</u>

COGS= 144*8.82 + 192*8.38 + 136*7.81= $3,941

<u>Weighted-average:</u>

Average price= (6.94 + 7.81 + 8.38 + 8.82)/4= $7.99

Now, we can calculate the cost of goods sold:

COGS= 7.99*472= $3,771.28

<u>The First-in, First-out has the lower cost of goods sold, therefore, it will provide with a higher gross profit.</u>

8 0
3 years ago
What are the pros and cons of relocating a small or midsized manufacturing firm (that makes mature products) from the united sta
Darya [45]

There are usually more positive than negatives when it comes to moving manufacturing from the United States to China. It's cheaper to pay wages in China for the same type of work that someone in America would expect to be paid. Not only can you pay the workers less, you can then afford to expand and hire more people due to saving the money on American wages. Usually, you can also get products cheaper in China and cut down the cost of your product. However, with cheaper labor and materials comes cheaper quality and the quality dropping may hurt consumers willingness to buy.

5 0
3 years ago
A country in South America has large reserves of copper and tin. Mining forms the pillar of its economy. A major part of its rev
Ilya [14]

Answer:

B) raw material exporting

Explanation:

Based on the information provided within the question it can be said that this country most likely has a raw material exporting economy. This is a type of economy that focuses mainly on exporting and trading the raw materials which it's host country is rich in. This allows them to make money and import more necessary things that the country needs but can't produce.

3 0
3 years ago
If a letter is to be distributed to other people in addition to the recipient, a/an _______ notation is inserted at the bottom o
lilavasa [31]
The answer is D.
Copy is usually used to indicate the letter have been send to someone else
5 0
3 years ago
If nations such as Germany, Japan, and the United States prohibited international trade in automobiles, a likely effect would be
Musya8 [376]

Answer:

C. the price effect would become a more significant consideration for each firm that makes automobiles.

Explanation:

The situation above is highly related to the topic about "supply" and "demand." If the nations of <em>Germany</em>,<em> Japan</em> and <em>the U.S.A</em>. prohibits the international trade in automobiles, this will result to a<u> surplus of automobile goods within the country.</u> Since these automobiles were meant to be sold abroad, the prohibition will<em> lower its international demand.</em> Such increase in supply will have a significant effect on the price of the automobiles. This is the reason why each firm should have to consider the situation's effect on the price of the automobiles and related goods.

So, this explains the answer.

4 0
3 years ago
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