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Anon25 [30]
3 years ago
7

Suppose the European Parliament is considering legislation that will decrease tariffs on agricultural products imported from the

United States. The benefit of the tariff reduction is estimated at €5 per person. a. Agribo is a hypothetical special interest group that represents the four largest agricultural companies in the European Union. Agribo opposes the legislation and argues that agricultural firms in the European Union stand to lose €500 million if the tariff reduction goes through. If the population of the European Union is 500 million people, what is the estimated benefit to the population of the proposed legislation?
Business
1 answer:
VMariaS [17]3 years ago
4 0

Answer:

€2,500 million

Explanation:

Data provided as per the requirement of estimated benefit to the population is here below:-

Benefit of the tariff reduction = €5

Size of population = €500 million

The computation of estimated benefit to the population is shown below:-

Estimated benefit to the population = Benefit from tariff reduction × Size of population

= €5 × €500 million

= €2,500 million

Therefore for computing the estimated benefit to the population we simply applied the above formula.

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c. Status Update and Announcements

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3 years ago
The total factory overhead for Magnum Corporation is budgeted for the year at $500,000. This is divided into three activity pool
tatuchka [14]

Answer:

The ABC overhead for a Deluxe kayak will be $170.93

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We are going to divide the overhead cost over the cost driver of each activity.

\left[\begin{array}{cccc}-&Overhead&Total&Rate\\fabric&246,000&10,000&24.6\\assembly&144,000&32,000&4.5\\setup&110,000&15&7,333.33\\\end{array}\right]

Now we apply the rate to Deluxe Kayak:

\left[\begin{array}{cccc}-&Rate&Deluxe&Overhead\\fabric&24.6&10,000&246,000\\assembly&4.5&24,000&108,000\\setup&7,333.33&10&73,333.33\\Total&-&-&427,333.33\\\end{array}\right]

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427,333.33/ 2,500 = 170.933 = 170.93

3 0
3 years ago
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