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3 years ago

What was the Bretton Woods system?

Business

1 answer:

KonstantinChe [14]3 years ago

5 0

Answer:

the International Trade Organization.

Explanation:

The Bretton Woods system was a post-World War II reconstruction plan which took place in New Hampshire to found three key institutions to promote capitalism, policy coordination and free trade respectively: the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD), which later became the World Bank, and the International Trade Organization, which later became the World Trade Organization.

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The following information is available for Marks Company at December 31, 2019:

Arada [10]

Answer:

cost of goods manufactured= = $222,800

Explanation:

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

beginning WIP = 6,000

Direct material used= 10,300 + 90,000 - 6,500= 93,800

Direct labor= 60,000

Manufacturing overhead= 75,000

Ending WIP= (12,000)

cost of goods manufactured= = $222,800

6 0

3 years ago

If price paper spends an additional on advertising, sales volume should increase by units. what effect will this have on operati

olya-2409 [2.1K]

Disclaimer- The complete question is-

Prince Paper has budgeted the following amounts for its next fiscal year:

Total fixed expenses $300,000

Selling price per unit $60

Variable expenses per unit $25

If Price Paper spends an additional $12,800 on advertising, sales volume should increase by 1000 units. What effect will this have on operating income?

If Price Paper spends an additional $12,800 on advertising, sales volume increases by 1000 units. The operating income will be 22,200.

Selling price per unit $60 = 60(1000 units) = 60,000

Variable expenses per unit $25 = 25(1000 units) = 25,000

FE advertising = 12800

Operating income = Total Revenue – Direct Costs – Indirect Costs

= 60,000 - 25,000 - 12800 = 22,200

To know more about operating income refer:

brainly.com/question/13872434

#SPJ4

6 0

1 year ago

A firm has sales of $3,340, net income of $274, net fixed assets of $2,600, and current assets of $920. The firm has $430 in inv

Vlad [161]

Answer:

The answer is E. 12.22 percent.

Explanation:

The calculation for common-size percentage is: (Amount / Base amount) x 100.

On the balance sheet or financial position the base is total assets and on the income statement the base is net sales.

The common-size statement value of inventory will be:

Value of inventory/total assets.

Total assets = $2,600 + $920

=$3,520

Value of inventory = $430

Therefore, we have:

($430/$3,520) x 100

12.22percent.

8 0

3 years ago

Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 7

guapka [62]

Answer:

1. a. 81,500

2. $38,481

3. $461,382

Explanation:

The equivalent units for conversion costs during February.

Conversion Costs = 15,700 x 65% + 62,900 x 100% + 10,100 x 85 %

= 81,690 units

Material Costs = 15,700 x 0% + 62,900 x 100% + 10,100 x 100 %

= 73,000 units

The amount of direct materials cost assigned to ending work-in-process inventory at the end of February.

Step 1 : Determine Cost per Equivalent unit

Conversion Costs = $168,000 ÷ 81,690 units = $2.06

Material Costs = $278,000 ÷ 73,000 units = $3.81

Total Cost = $2.06 + $3.81 = $5.87

Step 2 : Direct Material Cost assigned to ending work-in-process

Ending work-in-process (Material Cost) = 10,100 x $3.81

= $38,481

The cost of the goods transferred out during February.

Cost of the goods transferred out = $5.87 x 78,600

= $461,382

8 0

3 years ago

Consider the market for film streaming services, tv sets, and movie tickets.for each pair, identify whether they are complements

nevsk [136]

Streaming services and TV sets: complements

Streaming services and movie tickets: substitutes

TV sets and movie tickets: substitutes

8 0

3 years ago