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PIT_PIT [208]
3 years ago
11

n the 1930s, what caused Canada to respond by raising its tax on goods imported from the United States? the Glass-Steagall Act t

he drop in the gold standard the global depression the Hawley-Smoot Tariff
Business
1 answer:
Misha Larkins [42]3 years ago
3 0
In the 1930s Canada decided to raise taxes on goods imported in the United States in retaliation for the high tariffs that were created by the Hawley-Smoot Tariff. The Hawley-Smoot Tariff raised tariffs on nearly 20,000 imported goods to the United States to extremely high levels. This policy was put in place in an effort to protect American jobs following the Great Depression, but instead closed the U.S. economy off to the global market most likely hurting the American economy further. 
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Georgia Products Inc. completed and transferred 163,000 particle board units of production from the Pressing Department. There w
Lerok [7]

Answer:

Pressing Department. Round "cost per equivalent unit" answers to the nearest cent.

a. Total conversion cost $

b. Conversion cost per equivalent unit $

c. Direct materials cost per equivalent unit $

a. Total conversion cost                     252.900

b. Conversion cost per equivalent unit  0.61

c. Direct materials cost per equivalent unit  3.20

Explanation:

Solution

a. Total conversion cost                     252.900

b. Conversion cost per equivalent unit  0.61

c. Direct materials cost per equivalent unit  3.20

Statement of Equivalent Units(Weighted average)

Material Conversion cost

Units   Complete         % Equivalent units Complete % Equivalent units

Transferred out     163.000 100%    163,000 100%             163,000

Ending WIP               14,000 100%     14,000 40%                  5,600

Total                     177,000 Total    177,000 Total             168.600

.

Cost per Equivalent Units (Weighted average)

COST                              Material Conversion cost TOTAL

Beginning WIP Inventory Cost    $ 0

Cost incurred during period  628.350         252.900        881.250

Total Cost to be accounted for    566,100         102,900       669,000

Total Equivalent Units             177,000          168.600

Cost per Equivalent Units      3.20                 0.61             3.81

3 0
3 years ago
Your supermarket is trying to determine how many meatloaf dinners should be produced on Monday. The Monday demand for meatloaf d
Alecsey [184]

Answer:

The recommended production quantity is that which maximizes profit.

<em>Quantity 130</em>

<em />

Explanation:

Quantity to produce is the problem here. Remember that this is one of the fundamental questions in the discipline of Economics.

- What to produce?     - For whom to produce?

- How to produce?      - In what quantity?

Possible Production Quantities:

100,  110,  120, and 130

Mean Demand = 100

Standard Deviation = 20

Lowest possible demand = 100 - 20 = 80units

Highest possible demand = 100 + 20 = 120units

<u>* Solve, using the mean demand for each quantity level. Assume also that on every Monday, the minimum possible quantity is what is purchased. That's the safest assumption anyway.</u>

<u />

FOR QUANTITY 100,

Revenue = 7×100 = $700      Direct cost = 2×100 = $200

Indirect cost = 0.6×20 = $12          Total cost = 200 + 12 = $212

PROFIT = 700 - 212 = $488

FOR QUANTITY 110,

Revenue = 7×110 = $770        Direct cost = 2×110 = $220

Indirect cost = 0.6×30 = $18           Total cost = 220 + 18 = $238

PROFIT = 770 - 238 = $532

FOR QUANTITY 120,

Revenue = 7×120 = $840        Direct cost = 2×120 = $240

Indirect cost = 0.6×40 = $24           Total cost = $264

PROFIT = 840 - 264 = $576

FOR QUANTITY 130,

Revenue = 7×130 = $910          Direct cost = 2×130 = $260

Indirect cost = 0.6×50 = $30            Total cost = $290

PROFIT = 910 - 290 = $620

<em>Remember, the base assumption is that only the minimum quantity of 80units is bought each Monday. This is the only way to account for wastage; which costs 0.6 dollar per unit. So, the more the quantity produced, the greater the likelihood of wastage.</em>

3 0
3 years ago
The effects of paying a dividend on the basic accounting equation are to a. decrease assets and decrease stockholders' equity. b
Maslowich

Answer:

The corret answer is b. decrease assets and decrease liabilities.

Explanation:

First entry

Earnings Accrued (- Net Equity)

to various creditors (+ Liabilities)

Since the minutes of the assembly must indicate that they are taken from the profits of previous years, the accumulated profits are reduced.

Second entry

Miscellaneous creditors (- Liabilities)

to Banks (- Active)

The first entry represents transfer from one liability to another liability. Although we think that capital accounts are not liabilities, it is not true, given that the value of debt to shareholders of the value of your company, so we can group everything in the same bag.

When decreeing dividends, what is done is to cover a small part of that company value. That is, when dividends are decreed, they become part of a formalized liability.

The second entry is the cancellation of the liability, through one of the ways to extinguish the obligations: payment.

8 0
3 years ago
Suppose that over the past year, the nominal interest rate was 5 percent, the CPI was 150.3 at the end of the year, and the CPI
makvit [3.9K]

Answer:

The correct answer is option c.

Explanation:

The nominal interest rate was 5 percent.

The CPI was 150.3 at the end of the year, and the CPI was 144.2 at the beginning of the year.

The 5% nominal interest rate means that the dollar value of savings increased at 5%.

Inflation rate

= \frac{(150.3 - 144.2)}{144.2}

= 0.0423 or 4.2%

The real interest rate

= Nominal interest rate - rate of inflation

= 5 - 4.2

= 0.8%

The real interest rate of 0.8% indicates that the purchasing power of savings increased at 0.8%.

3 0
3 years ago
Product or Service Costing influences: Group of answer choices production managers making manufacturing decisions. all of the ot
OLEGan [10]

Answer: marketing managers making pricing decisions.

Explanation:

Management's product and service choices and decisions can influence the cost behavior. The product design, location of plant, technology used in developing a product, product quality, features of product, distribution of product, profit margins, incentives, labor daily wages, and other factors all can influence the cost and pricing decisions of the product.

6 0
3 years ago
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