non-tariff barriers
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Non tariff barriers are a way to restrict </span>trade<span> using </span>trade barriers<span> in a form other than a </span>tariff<span>. </span>Non tariff barriers include r<span>equirements for labeling, product testing, product certifications,</span>quotas, embargoes, sanctions, levies and other restrictions that would restrict import of goods and services.
Answer:
1. Ideal standard
2. Management by exception
3. Standard cost card
4. Standard cost
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.
1. Ideal standard: quantity of input required if a production process is 100% efficient.
2. Management by exception: Managing by focusing on large differences from standard costs.
3. Standard cost card: record that accumulates standard cost information.
4. Standard cost: preset cost for delivering a product or service under normal conditions.
Answer:
$1,000
Explanation:
If total earnings are $500,000 and there are 400,000 shares, the original price per share is determined by:
The value of your invest will be same before and after the split, what will change is the number of shares and their individual price.
If you owned 100 shares at $10 each, the value of your investment is:
Total value of your investment will be $1,000.
Answer:
Over this 10-year period, the benefit to cost ratio is:
= 1.33.
Explanation:
a) Data and Calculations:
Cost of additional anti-pollution equipment = $2 million
Estimated useful life of the equipment = 10 years
Additional annual labor cost for equipment usage = $100,000
This gives a total labor cost of $1 million over the 10-year period.
Therefore, the total cost = $3 million
Savings (benefits) from lowering the air pollutants in the region = $4 million in medical expenses.
The benefit-to-cost ratio (BCR) = $4/$3 = 1.33
b) The Benefit-to-cost ratio (BCR) is a cost–benefit analysis that summarizes the value-for-money of a project by expressing the relationship between the project's benefits and costs in monetary terms. The BCR shows the future profitability of investment alternatives or options. It is normally expressed in terms of net present value.
Available options are:
A. Internal failure cost
B. Appraisal cost
C. Prevention cost
D. External failure cost
Answer:
B. Appraisal cost
Explanation:
The reason is that the appraisal costs are incurred to assess that whether the investment will bring value to the organization in terms of customer loyalty, better cash positions, greater profitability, better quality, etc. The inspection of the quality of the production which also considers the cost of operating the system is actually considering the value the new technology system is generating and is appraisal cost to the company.
