U.S. membership in the World Trade Organization had this effect:
It has resulted in a steady growth in international trade.
A downside of this is that the trend toward outsourcing is gaining ground. Companies prefer to outsource labor because cost of outsourced labor is cheaper than domestic labor. This is good for the companies because their costs decrease. However, domestic employees are becoming jobless. They find it hard to compete with foreign laborers. Thus unemployment rate increases.
Answer:
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Explanation:
The technology associated with the manufacturing computers has advanced tremendously. This change has led to the price of a computer <u>falling</u> and the quantity <u>increasing</u>.
Lower prices most likely results in a higher demand for the product in question, which will increase the production rate of that product.
Answer:
Net operating income= $207,500
Explanation:
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
<u>First, we will determine the total unitary variable overhead:</u>
total unitary variable overhead= 90 + 25= $115
<u>Now, we can calculate the total contribution margin:</u>
Total CM= 11,500*(220 - 115)
Total CM= $1,207,500
<u>Finally, the net operating income:</u>
Net operating income= 1,207,500 - 600,000 - 400,000
Net operating income= $207,500
Answer: A . Meeting of the minds
Explanation:
