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3 years ago

All of the following would be listed as surplus items on the U.S. balance of payments international accounts except

Business

1 answer:

allochka39001 [22]3 years ago

7 0

Answer:

The correct answer is B: U.S. tourists' expenditures in foreign countries.

Explanation:

To be listed as a surplus in the U.S. balance of payments, it needs to be an entry of money to the economy. The option B is the only one that does not meet the requirements. U.S. tourists' expenditures in foreign countries mean an exist of money to other countries.

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Identify which of the following statements is true. A) Tax planning is an integral part of both closed-fact situations and open-

Ymorist [56]

The Statements on Standards for Tax Services recommend that only written tax advice be provided to

the client in all situations.

6 0

3 years ago

Smithson, Inc. produces two types of gas grills: a family model and a deluxe model. Smithson’s controller has decided to use a p

Fynjy0 [20]

Answer:

A.) Overhead rate = 200% of direct labor cost.

B.) $67.5 per machine hour ; $180 per setup

C.) The traditional costing applies overhead burden rate equally to all products which might sometimes give a vague picture of production cost especially that which is applied to each different product.

With the activity based costing method we could see that machining activity setup rate about 26 times the machining activity rate.

Explanation:

Overhead rate using the plantwide approach

Overhead rate = (estimated overhead cost ÷ direct labor cost)

Overhead rate = ($450,000) ÷ (75,000 +150,000)

Overhead rate = $450,000 ÷ $225,000

Overhead rate = 200% of direct labor cost.

B.) Using activity costing

machining activity cost pool = $270,000

machine setup activity cost pool = $180,000

Total Machining activity hours = (2000 + 2000) = 4000

Total machine setup activity hours = (200 + 800) = 1000

Machining activity rate = (cost /hours) :

$270,000/4000 = $67.5 per machine hour

Machining activity setup rate = (cost /hours) :

$180,000/ 1000 = $180 per setup

3 0

2 years ago

Absorption and Variable Costing Comparisons Red Arrow Blueberries manufactures blueberry jam. Because of bad weather, its bluebe

Morgarella [4.7K]

Answer:

Red Arrow Blueberries

RED ARROW BLUEBERRIES Functional (Absorption Costing) Income Statement For the Summer Quarter (Last Year)

Sales $805,000

Cost of goods sold:

Variable costs 600,000

Fixed costs 192,000

Goods available 792,000

Ending inventory 99,000 693,000

Gross profit 112,000

Operating expenses:

Variable selling & administrative 14,000

Fixed selling and administrative 38,000

Total operating expenses 52,000

Net income (loss) 60,000

Explanation:

a) Data and Calculations:

Beginning inventory (cases) 0

Cases produced 8,000

Cases sold 7,000

Ending inventory (cases) 1,000 (8,000 - 7,000)

Sales price per case $ 115

Direct materials per case $ 25

Direct labor per case $ 40

Variable manufacturing overhead per case $ 10

Total fixed manufacturing overhead $ 192,000

Variable selling and administrative cost per case $ 2

Fixed selling and administrative cost $ 38,000

Variable costs:

Direct materials per case $ 25

Direct labor per case $ 40

Variable manufacturing

overhead per case $ 10

Total variable cost per case $ 75

Total variable costs = $600,000 ($75 * 8,000)

Ending cost of

7 0

2 years ago

In the 1980s, the U.S. government forced Japanese automakers to limit their exports to the United States. The union representing

never [62]

Answer:

A) save domestic jobs

Explanation:

Domestic jobs: These are the categories of jobs that are available in the national country of the company or within the boundary of the country, which has a preference for the local population and has more responsibility toward national´s resources, however, foreign companies have less responsibility toward national´s resources and their sole motive is to earn profit at a lesser cost.

In the given case, Japanese company´s export to the U.S have affected the domestic jobs as their motive is to maximize profit, which leads to an argument for protection of domestic job in U.S auto industry, therefore, US government have limited the export of Japanese automaker.

7 0

3 years ago

Stock A has an expected return of 15 percent and the standard deviation of its returns is 20 percent. Stock B has an expected re

kiruha [24]

Answer:

Stock A will be preferable for the risk averse Investors.

Explanation:

The reason is that risk is the measure of the vulnerability of the returns on the investment made which means if the return on the investment has greater vulnerability of returns then it is highly risky. So the risk averse investor would prefer stock A with lower risk.

(Special comments:

It must be noted that the higher return shows that the investment is also highly risky because nobody is going to give you more with low risk associated investments. This means lower return on Stock B is also preferable here for the risk averse investor because it carries lower risks.)

4 0

3 years ago