1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AveGali [126]
3 years ago
8

Intel, an American company, has manufacturing plants in China that assemble U.S. made components. Suppose one of these plants pr

oduces and sells a computer chip toa Chinese computer manufacturer. How is this sale recorded in U.S. international trade statistics? a. It is considered to be neither a U.S. import nor a U.S. export.b. It is considered to be a U.S. export to China c. It is considered to be a U.S. import from Chinad. The value of U.S.-made chip components is consideredto be a U.S. export.
Business
1 answer:
Evgen [1.6K]3 years ago
8 0

Answer:

Answer A

Explanation:

Import: when a country does not produce particular goods by itself, they buy goods from other country, Goods purchased from other country called imported goods

Export: when a country produces more goods than their needs, then these countries sell particular goods to other countries. goods sold to other countries called export goods.

when a goods is called import for a country, the same goods is called export for another country.

You might be interested in
Secret Trails received payment in full within the credit period for horse boarding for $1,300 plus 4% sales tax. Terms of the sa
riadik2000 [5.3K]

The appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.

<h3>Journal entry</h3>

Based on the information given the correct entry to record this transaction is:

Debit Cash $1313

{$1300+[($1300×4%)-($1300×3%)]}

[$1300+($52-$39)]

Debit Sales Discount $39

($1300×3%)

Credit Accounts Receivable $1352

[$1300 + ($1300×4%)]

Inconclusion the appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.

Learn more about journal entry here:brainly.com/question/9701045

7 0
2 years ago
Harry forms the Nectarine Corporation during the 2019 tax year. To form the corporation, Harry transfers assets having a fair ma
Maksim231197 [3]

Answer:

150000

Explanation:

The question says that Harry received a fair market value = 450000 dollars

Meanwhile he transferred 650000 dollars of assets

Fair value of assets = 650000 - 200000 = 450000

Harry's adjusted basis = 350000

Therefore the share received will be:

350,000 - 200,000

= 150,000 dollars.

Harry's basis in the stock received from the corporation is $150,000.

Thank you!

5 0
2 years ago
Scott Corporation produces a part for use in the production of one of its products. The per-unit costs associated with the annua
denpristay [2]

Answer:

It is cheaper to buy the part. The company will save $5,000.

Explanation:

Giving the following information:

UNitary production cost:

Direct Materials $10.50

Direct labor $24.00

Variable factory overhead $ 5.50

Total avoidable Fixed factory overhead= (12*1,000) - 5,000= 7,000

Larson Company has offered to sell 1,000 units of the same part to Scott Corporation for $42 per unit.

First, we need to calculate the total cost of making the units:

Total cost= (10.5 + 24 + 5.5)*1,000 + 7,000= $47,000

Now, the total cost of buying them:

Buy= 1,000*42= $42,000

It is cheaper to buy the part. The company will save $5,000.

3 0
3 years ago
What can you say about entrepreneur?​
zalisa [80]
An entrepreneur is a person who starts a business and is willing to risk loss in order to make money” or “one who organizes, manages, and assumes the risks of a business or enterprise.”
6 0
3 years ago
Read 2 more answers
Swifty Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each produc
Katen [24]

Answer:

$10.60 per direct labor hour

Explanation:

Calculation for the overhead rate

First step is to calculate the Direct labor hours for car wheels using this formula

Direct labor hours for car wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for car wheels= 40,000 * 1

Direct labor hours for car wheels= 40,000 hours

Second step is to calculate Direct labor hours for Truck wheels using this formula

Direct labor hours for Truck wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for Truck wheels= 10,000 * 3

Direct labor hours for Truck wheels= 30,000 hours

Third step is to calculate the Total direct labor hours

Total direct labor hours = 40,000 + 30,000

Total direct labor hours=70,000 hours

Now let calculate the Overhead rate using this formula

Overhead rate = Total estimated overhead costs / Total direct labor hours

Overhead rate= $742,000 / 70,000 hours

Overhead rate= $10.60 per direct labor hour

Therefore Overhead rate is $10.60 per direct labor hour

8 0
3 years ago
Other questions:
  • Many people keep working long after retirement age because work:
    11·1 answer
  • In an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per 5-day week
    12·2 answers
  • Which of the following statements is NOT true regarding the importance of the role that an operations manager plays in addressin
    10·1 answer
  • Shahia Company bought a building for $88,000 cash and the land on which it was located for $117,000 cash. The company paid trans
    11·1 answer
  • Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(c
    13·1 answer
  • What is the opportunity coast in using pi over npv?
    15·1 answer
  • CORRECT PENN FOSTER ANSWER ONLY PLEASE ANSWER ASAP
    14·1 answer
  • Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to h
    10·1 answer
  • ASAP!! Discuss Maslow’s Hierarchy of Needs Theory. In your opinion, is it a good motivator for employees to
    8·1 answer
  • In the Trial Balance:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!