Answer: The correct answer is "Nikkei includes 10% overhead costs and an 8% profit margin in the price of all the parts they export to the U.S.".
Explanation: In her testimony, the president claimed<u> Nikkei includes 10% overhead costs and an 8% profit margin in the price of all the parts they export to the U.S.</u> Using traditional guidelines, Congress determined that Nikkei was not dumping.
It is known as dumping when companies sell products at a lower price abroad than they sell in their country.
Answer:
Income statement
Sales Revenue $ 612,000
Variable Overhead cost $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
Explanation:
Income statement
Sales Revenue ( 9,000 units * $ 68) $ 612,000
Variable Overhead cost ( 9,000 * $ 35 ) $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses ( $ 3 * 9000 units) $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
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<u>Index of industrial production</u> is considered to be a coincident economic indicator
An economic indicator is a piece of data that analysts use to analyze existing or potential investment opportunities. These data are often of a macroeconomic scale. The general health of an economy can also be determined using these measures.
Economic indicators can be anything an investor wants them to be, but certain information made public by the government and nonprofits has gained widespread attention. Indicators of the economy can be categorized or grouped. The majority of these economic indicators have a predetermined publication schedule. The industrial production index is regarded as a cogent economic indicator.
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