Answer:
d) will become an importer of tomatoes.
Explanation:
Consumer surplus would increase because the price at which they buy tomatoes would reduce while producer surplus would reduce because the price of tomatoes would reduce as a result of international trade.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.Because the price of tomatoes in the US is greater than the price of tomatoes in the world, when the US begins international trade, it would import tomatoes because it is inefficient in the production of tomatoes.
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
THE PROGRAM MANAGER will approve the realignment. The program manager is able to approve this realignment because a reprogramming action is not required. If a reprogramming action is required, that meas the change will be substantial, in this case the program manager will not be qualified to approve the realignment.
Answer:
False.
Explanation:
Given: Total budgeted factory overhead cost = $600000.
Plantwide allocation base= 100000 hours.
Now, finding plantwide factory overhead rate.
Formula; Plantwide factory overhead rate= 
⇒ Plantwide factory overhead rate= 
Hence, Zorn´s plantwide factory overhead rate is $6 per hour not $3 per hour.
Answer:
The correct option is c. Purchases assets at a cost of $25,000,000.
Explanation:
An emergency loan can be described as a loan that can obtained on short notice by a borrower in to cover unexpected costs.
From the options, purchasing assets at a cost of $25,000,000 will leave Chester in a serious liquidity position as the it will take 94.92% [i.e. ($25,000,000 / $26,337,000) * 100] of its current cash balance and leave the company with just $1,337 current cash balance.
Because the next period's Cash Flows From Operations are expected to be the same as this period's, purchasing assets at a cost of $25,000,000 puts Chester at the greatest danger of needing an emergency loan.
Therefore, the correct option is c. Purchases assets at a cost of $25,000,000.
Variance reports are internal reports for management. They are used primarily for the purposes of internal accounting and auditing.
