All categories

3 years ago

What is quotas in business?

1 answer:

Pie3 years ago

7 0

<span>A quota is a government-imposed trade restriction that restricts the number, or monetary value, of goods that can be imported or exported during a particular time period. Quotas are used in international trade to help regulate the volume of trade between countries.</span>

You might be interested in

When Tom’s customer tells him that she needs a new sofa because her house burned down, he hears the sadness and pain in her voic

Gnoma [55]

Emotional reasoning and humanism.

4 0

3 years ago

Read 2 more answers

This type of budgeting technique is commonly used because it provides a budget that is tied directly to the company's strategy a

mixer [17]

Answer:

Objective and task.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis. The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

The budgeting method described in the question is called objective and task. It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.

8 0

3 years ago

Thad, Jamarcus, and Willy have been working for Davidson International each for three years. While the trio started together as

ludmilkaskok [199]

Answer:

A) cognitive

Explanation:

Since in the question it is mentioned that three persons are working for DavidSon international. All three have in their positions in the company but Willy received a small raise after considering the evaluation of last performance

In case when Thad complained regarding the raise so he was experiencing a cognitive attitude that deals in belief, knowledge, thoughts of a particular person

hence, the correct option is A.

4 0

4 years ago

There is an inverse relationship between bonds' quality ratings and their required rates of return. Thus, the required return is

iragen [17]

Answer:

True

Explanation:

Investors are risk adverse, that means that under normal conditions if they have to choose between two securities that yield the same rate of return, they will always choose the less risky.

That means that riskier securities must yield higher rates of return to compensate for the higher risk.

3 0

4 years ago

Starr Company reports the following information for August. Raw materials purchased on account $ 76,200 Direct materials used in

il63 [147K]

Answer:

1. Raw materials purchased.

Raw Materials Account $ 76,200 (debit)

Account Payable $ 76,200 (credit)

2. Direct materials used in production.

Work In Progress Account $48,000 (debit)

Raw Materials Account $48,000 (credit)

3. Direct labor used in production.

Work In Progress Account $15,350 (debit)

Wages and Salaries $15,350 (credit)

4. Applied overhead.

Work In Progress Account $18,360 (debit)

Manufacturing Overhead Account $18,360 (credit)

Explanation:

1. Raw materials purchased.

Raw Materials Account $ 76,200 (debit)

Account Payable $ 76,200 (credit)

Recognise the Assets of Raw Materials and a Liability - Account Receivable

2. Direct materials used in production.

Work In Progress Account $48,000 (debit)

Raw Materials Account $48,000 (credit)

De-recognise the Raw Materials used in production and recognise the cost in Work In Progress Account

3. Direct labor used in production.

Work In Progress Account $15,350 (debit)

Wages and Salaries $15,350 (credit)

Recognise the labor cost in Work In Progress Account and de-recognise the Wages and Salaries Account with the amount applied to production

4. Applied overhead.

Work In Progress Account $18,360 (debit)

Manufacturing Overhead Account $18,360 (credit)

De-recognise the Manufacturing Overheads used in production and recognise the cost in Work In Progress Account

4 0

3 years ago