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3 years ago

Explain what the domino theory is and how it fits with the truman doctrine ?

1 answer:

8 0

A domino effect is the cumulative effect produced when one effect sets off a chain of similar effects. It is used as an analogy to falling row of dominoes. The Domino theory was used by the US administrations during the Cold War. It speculated that if one country in the region fall under the communist regime, then the surrounding countries would follow it. President Harry Truman declared the Truman Doctrine in 1947. By the Doctrine US would aid countries who are fighting communism ( at that time Greece and Turkey ). Truman wanted to stop the effects of the Domino theory.

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Assume the following information pertaining to Moonbeam Company: Beginning Ending Finished goods inventory $ 148,000 $ 140,200 W

ale4655 [162]

Answer:

$905,800

Explanation:

Calculation for Cost of goods sold

Total manufacturing costs $ 920,000

Add Begining Work in process inventory 97,000

Less Ending Work in process inventory (119,000)

Cost of goods manufactured $898,000

Add Begining Finished goods inventory $148,000

Less Ending Finished goods inventory$ (140,200)

Cost of goods sold $905,800

Therefore the Cost of goods sold is calculated to be: $905,800

3 0

3 years ago

Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Material

snow_lady [41]

Answer:

cost of goods manufactured= $730,920

Explanation:

Giving the following information:

Materials $167,500 $149,080

Work in process 112,230 99,880

Direct labor $301,500

Materials purchased during March 321,600

Factory overhead incurred during March:

Indirect labor 32,160

Machinery depreciation 19,430

Heat, light, and power 6,700

Supplies 5,360

Property taxes 4,690

Miscellaneous costs 8,710

Total overhead= $77,050

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 112,230 + (167,500 + 321,600 - 149,080) + 301,500 + 77,050 - 99,880

cost of goods manufactured= $730,920

4 0

3 years ago

Turrubiates Corporation makes a product that uses a material with the following standards:________. Standard quantity 6.5 liters

Marina86 [1]

Answer:

Direct material quantity variance= $810 unfavorable

Explanation:

Giving the following information:

Standard quantity 6.5 liters per unit Standard price $1.00 per liter

Actual production was 2,400 units.

The company used 16,410 liters of direct material to produce this output.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 6.5*2,400= 15,600

Direct material quantity variance= (15,600 - 16,410)*1

Direct material quantity variance= $810 unfavorable

7 0

3 years ago

Which of the following is NOT one of the four distinct eras in the evolution of marketing?

saul85 [17]

Answer:

D) Social Media Era

Explanation:

The four eras of marketing evolution are:

production era: industries started to manufacture products in mass and at lower costs, they sold what they produced, not what the customer needed.
sales era: companies used persuasion techniques to try to convince customers to purchase their products.
marketing era: the marketing department was defined as such (part of the organizational structure) and it takes control of the four Ps.
relationship era: focus on creating long term relationships with customers.

*We are currently in the middle of the Social Media Era.

5 0

2 years ago

Harvey quit his job at State University, where he earned $62,000 a year. He figures his entrepreneurial talent or forgone entrep

Liula [17]

Answer:

Accounting profit = 120,000

Explanation:

Accounting profit = total revenue - explicit costs

Accounting profit = 72*10,000 - 60*10,000

= 720,000 - 600,000 = 120,000

5 0

2 years ago