A product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as (E) none of the above.
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What is Commerce Control List?</h3>
- The Commerce Control List (CCL) is a list of categories and product groupings used to evaluate if a U.S. Department of Commerce export license is required for U.S. exports.
- The CCL is organized into 10 major categories, each of which is subdivided into five product groupings.
- If your item is under the jurisdiction of the United States Department of Commerce but is not included on the CCL, it is labeled as EAR99.
As it is given in the description itself, if your item is under the jurisdiction of the United States Department of Commerce but is not included on the CCL, it is labeled as EAR99.
Therefore, a product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as (E) none of the above.
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The correct answer is given below:
A product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as
a. NLR.
b. SED.
c. BIS.
d. UCC.
e. none of the above.
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Answer:
The correct answer here to the first fill in the blank is Increase and for the second one it is Upward and for the third one it is Rightwards.
Explanation:
If there is any change in the interest rate or tax treatment , there will be an impact on the capital utilization , which will then help in determining the positions of the LRAS (long run aggregate supply curve ) curve. So if there is an decrease in the interest rate , then it will cause increase in the capital utilization, which will then shift the production to upwards and there by shift the LRAS curve rightwards. LRAS curve shifts to rightwards when in the long run , increase in investment ( which is due to lower interest rate ) causes the economy's capacity to produce, as the production cost is reduced.
Answer:
$17,000 favourable
Explanation:
Price variance is the difference between the actual cost incurred to purchase the material and the actual quantity cost on a standard or budgeted rate of the material.As per given data
Actual Quantity = 34,000 gallon
Actual Price = $5.60
Standard cost = $6.1
Total Actual cost = 34,000 x $5.60 = $190,400
Standard cost of Actual purchase = $6.1 x 34,000 = $207,400
Direct-material price variance = Cost at standard rate - Actual Cost = $207,400 - $190,400 = $17,000
The variance is favorable as Oiner Corporation incurred less cost on a quantity purchase than the standard cost of the same quantity.
