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3 years ago

QUESTION 1

Business

1 answer:

amid [387]3 years ago

8 0

Answer:

D. FDA regulations on imported products

Explanation:

The barriers to entering global markets are; protectionism, restrictions on trans-border data flow, protection of intellectual property and cultural barriers and languages. Most counties that uses the aforementioned does so basically to protect their home industries from foreign competition and also to safeguard the interest and wellbeing of its citizenry. However, no country can stand on its own as countries have comparative advantages over each other in production of certain products.

With regards to the above, FDA(food and drug adminstration) regulations on imported product is not a barrier to entering global market. FDA are body that makes regulations that all imported products must meet the same standard as the local goods hence must be safe to eat, pure, wholesome and manufactured under clean conditions. It also state that drugs, cosmetics must be produced from approved materials hence must meet standards already established by the board. They are basic requirements that must be meet before foreign products are allowed into the country.

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One of the main tools used by economists to measure the actual distribution of income in an economy is:

vekshin1

Answer: Lorenz curve

Explanation:

One of the main tools used by economists to measure the actual distribution of income in an economy is known as the Lorenz curve.

The Lorenz curve Lorenz curve is a graph that shows the inequality witybrwgrds to the income and wealth distribution for a particular economy. The x-axis on the graph shows the population, while the y-axis shows the wealth.

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3 years ago

FindFor Inc. is an e-commerce retailer that sells a variety of merchandise. Through differentiating services like cash on delive

seropon [69]

Answer:

strategic position

Explanation:

Given that a Strategic position is a form of the technique used by business managers to ensure their firms are delivering their commodities or services at a method that creates additional value and quite different than their competitors. It is often in terms of lower cost, or premium features.

Hence, in this case, and based on the information provided, it can be said that FindFor has a clear STRATEGIC POSITION that provides the company with a competitive advantage over its competitors.

7 0

3 years ago

What is a living will?

yarga [219]

A Living Will is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity.

5 0

4 years ago

At the end of 2020, Murray State Lenders had a balance in its Allowance for Uncollectible Accounts of $4,500 (debit) before any

alexira [117]

Answer:

The correct entry is shown below:

Explanation:

The journal entry to record the estimated balance of uncollectible accounts is as:

Bad debt expense A/c...............................................Dr $16,500

Allowance for Uncollectible Accounts A/c................Cr $16,500

Being the estimated amount of uncollectible accounts is recorded

The bad debt expense account is debited as there is increase in the expense so any increase in expense is debited, whereas the allowance for uncollectible accounts also increases which is credited.

Working Note:

Amount of uncollectible accounts which is estimated = Future uncollectible accounts + Debit balance of Allowance for Uncollectible Accounts

where

Future uncollectible accounts amounts to $12,500

Debit balance of Allowance for Uncollectible Accounts amounts to $4,500

Putting the values above:

Amount of uncollectible accounts which is estimated = $12,500 + $4,500

Amount of uncollectible accounts which is estimated = $16,500

4 0

4 years ago

University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developi

8_murik_8 [283]

Answer: a. $600 Maintenance costs to Printing

$1,800 Maintenance costs to Developing

b. $2,480 Personnel costs to Printing

$9,920 Personnel costs to Developing

Explanation:

The Direct method as mentioned, allocates the service department costs to the Operating Departments.

Overheads from the Service Departments will not be allocated to the each other. In other words, Maintenance costs will not be allocated to Personnel and Vice Versa.

a. Allocating Maintenance Costs

Maintenance Cost is $2,400 which is to be allocated on the basis is machine hours.

Printing had 1,700 in Machine hours.

Their allocation is,

= 1,700 / ( total machine hours in the two operating Department) * $2,400

= 1,700 / (1,700 + 5,100) * 2,400

= 1,700 / 6,800 * 2,400

= $600 Maintenance costs to Printing

Developing had 5,100 machine hours

= 5,100 / 6,800 * 2,400

= $1,800 Maintenance costs to Developing

b. Allocating Personnel Costs

Maintenance Cost is $12,400 which is to be allocated on the basis is labour hours.

Printing had 700 in labor hours.

Their allocation is,

= 700 / ( total machine hours in the two operating Department) * $12,400

= 700 / ( 700 + 2,800) * 12,400

= 700 / 3,500 * 12,400

= $2,480 Personnel costs to Printing.

Developing had 2,800 machine hours.

= 2,800 / 3,500 * 12,400

= $9,920 Personnel costs to Developing

3 0

4 years ago