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3 years ago

Which is a major goal of the wto in promoting free trade?

1 answer:

6 0

WTO stands for World Trade Organisation. The major goal of WTO IS TO REDUCE TRADE BARRIERS.
WTO is an international organization whose main purpose is to promote free trade by convincing countries to eliminate trade barriers such as import taxes. It activities include policing of free trade agreements, settlement of trade disputes, organization of trade negotiations, etc.

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Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing ha

k0ka [10]

Answer:

a. Determine the standard cost per unit for direct materials and direct labor.

standard direct labor rate = $20 x 30/60 minutes = $10 per faucet

standard direct materials rate = $1.80 x 2.5 lbs = $4.50 per faucet

b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.

direct materials price variance = (actual price x actual quantity) - (standard price x actual quantity) = ($1.95 x 13,000) - ($1.80 x 12,500) = $25,350 - $22,500 = $2,850 UNFAVORABLE

direct materials quantity variance = (standard price x actual quantity) -(standard price x standard quantity) = ($1.80 x 13,000) - ($1.80 x 12,500) = $23,400 - $22,500 = $900 UNFAVORABLE

total direct materials variance = direct materials price variance + direct materials quantity variance = $2,850 + $900 = $3,750 UNFAVORABLE

8 0

3 years ago

Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. research a

lidiya [134]

Answer: Research and development

Explanation: Primary functions are those functions which ensures that the essential requirements to operate the business efficiently are met. These require monitoring by the second level managers of the organisation.

Production, marketing and finance are the basic needs of an organisation for living in the market. Research and development is not an activity without which the business won't be able to run.

Thus, we can conclude that the right answer is Option A.

6 0

3 years ago

A company borrows $25 000 to buy new equipment. The loan is to be repaid in five equal annual payments. If the interest rate is1

REY [17]

Answer:

Each payment is of $6595

Explanation:

Amount borrowed by company= $25000

No. of installments = 5

Interest rate = 10%

We are supposed to find how much are each of the payments

Formula : $Amount =I (\frac{1-\frac{1}{(1+r)^n}}{r})$

I = installment

r = rate of interest

n = No. of installments

So, $25000 =I (\frac{1-\frac{1}{(1+0.1)^5}}{0.1})\\\frac{25000}{(\frac{1-\frac{1}{(1+0.1)^5}}{0.1})}=I\\6594.93=I$

So, Each payment is of $6595

7 0

3 years ago

Impact of lockdown on business

Zina [86]

Explanation:

Impact on lockdown on business It has been very tough time for buisness as far as we know buisness hasnt last long enough and there has been very huge losses.

3 0

3 years ago

A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e

AveGali [126]

Answer:

c. $240,000

Explanation:

Her economic profit is given by her revenue deducted by the explicit costs (I=$150,000) and implicit costs (opportunity cost).

Her monthly revenue is:

$R=1,000\ (items/day)*30\ days*\$15/item\\R = \$450,000$