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3 years ago

What is a formal arraignment to limit the production of a product

1 answer:

7 0

This is known as a Cartel

''A formal agreement between many companies to limit production and artificially increase the demand and price of their products to make more profits''

Cartels are illegal in almost every country, but that has not stopped many large companies from taking part in such activities.

They exist because it is extremely difficult to legally prove that a group of companies is acting as a Cartel.

Cartels can have a devastating long-term impact on the local and national economy.

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Assumes ABC Company had 50 units in beginning Finished Goods Inventory and sold 1,213 units. Additional data includes: Units pro

worty [1.4K]

Answer:

Dollar amount of ending Finished Goods Inventory = $1,073

Explanation:

The first step is to calculate the cost per unit.

Using absorption costing, the cost of one unit is

Cost per unit = direct materials + direct labor + variable manufacturing overhead + fixed manufacturing overhead per unit.

$Cost = 12 + 8 +2 + 7\\Cost = 29$

Now, the number of units left in inventory should be defined

Finished Goods Inventory (FGI) = Beginning Finished Goods Inventory + Units produced - units sold

$FGI = 50 +1200 - 1213\\FGI = 37$

The dollar amount of ending Finished Goods Inventory is FGI multiplied by the cost per unit.

$37*29 = 1,073$

3 0

3 years ago

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,

maxonik [38]

Find the given attachment

8 0

3 years ago

A monopolist faces:

lana [24]

Explanation:

c. a downward sloping demand curve.

8 0

3 years ago

The American Federation of Labor (AFL) had 1.6 million members by 1904. The AFL represented mainly skilled, white, native-born w

lesya692 [45]

Answer:

Explanation:

As the complete question is not given thus the complete question is found online and is attached herewith.

As per the complete question, the goals of the two foundations are required which are as follows:

American Federation of Labor:

American Federation of Labor made efforts for

Cooperation among corporate and political leaders to achieve goals of the working community
Settlement of hundreds of industrial disputes
Encouraged improvements in safety environment at the factory
Establishment of pensions for long-term workers

Industrial Workers of the World

Industrial Workers of the World advocated and worked for:

The one big union
The rejection of capitalism
The inclusion of unskilled and foreign born workers.

6 0

3 years ago

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the bro

Mademuasel [1]

Answer:

$50,325 is the sale price of the property

Explanation:

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the broker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate.

So not considering the commission for a while if we divide commission by the commission rate we will get the sale price.

$3522.75/0.07= $50,325.

4 0

3 years ago