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nignag [31]
4 years ago
12

Poorer developing countries which often produce and export primary commodities tend to face unfair _____________________ in rela

tionship to rich countries that produce manufactured (capital) goods.
Business
1 answer:
zysi [14]4 years ago
5 0

Answer:

Exchange value

Explanation:

Poorer countries are sometimes unfairly treated by the rich countries because the price they offer or the exchange value of primary goods compared to capital goods is usually unfair. The rich countries are capital incentive and they take advantage of it by unfairly treating poorer countries. The exchange value or economic value of primary commodities supplied by poorer countries is usually low and unfair.

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an article titled “What the Top 1% of Earners Majored In,” that 8.2% of Americans who majored in economics for their undergradua
RUDIKE [14]

Your economics training provides you with a terrific set of job skills, and in fact the economics major provides you with virtually all of the top ten most important job skills.

Economics are not restricted to one specific job category. Thus you have a wide variety of employment choices available to you. Because you have both quantitative as well as qualitative skills, however, it is natural to exploit your comparative advantage and find a position that utilizes both sides of your training.

The job market recognizes the special job skills that a major in economics provides. 80% of graduates in economics receive starting salaries in the range of $24,800-42,000 (

8 0
4 years ago
The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following
Maurinko [17]

Answer:

Net income = $364,000

Earning per share (EPS) = $0.36 per share.

Explanation:

A continuous multiple-step statement of comprehensive income is a form of income statement shows in a categorical and continuous manner operating income, i.e. the profit earned from the primary activities of an entity through buying and selling merchandise, other income and expenses, and net income.

For this question, continuous multiple-step statement of comprehensive income can be prepared as follows:

Lindor Corporation

Multiple-step Statement of Comprehensive Income for 2016

<u>Details                                                                  $      </u>

Sales revenue                                            2,300,000

Cost of goods sold                                    <u> 1,400,000 </u>

Gross profit                                                   900,000

Operating expenses:

Selling and administrative expenses        <u> (420,000) </u>

Operating income                                        480,000

Non operating income and exp.:

Unrealized holding gains on inv. sec.          80,000

Interest expense                                          <u> (40,000) </u>

Income before tax                                        520,000

Income tax (30% * $520,000)                    <u> (156,000) </u>

Net income                                                  <u>  364,000 </u>

EPS (364,000 / 1,000,000)                                 0.36

8 0
3 years ago
On April 1, 2017, La Presa Company sells some equipment for $18,000. The original cost was $50,000, the estimated salvage value
aksik [14]

Answer:

Option (a) is correct.

Explanation:

Depreciation in 2017:

=\frac{Original\ cost-Salvage\ value}{Useful\ life}\times time\ period

=\frac{50,000-8,000}{6}\times\frac{3}{12}

      = $1,750

Accumulated Depreciation = $29,400 + Depreciation in 2017

                                             =  $29,400 +  $1,750

                                             =  $31,150

Book value on date of sale = Original cost - Accumulated Depreciation

                                             = 50,000 - 31,150  

                                              = 18,850

Loss on sale = Book value on date of sale - Sales price

                     = 18,850 - 18,000

                     = $850 (Loss)        

8 0
3 years ago
Read 2 more answers
Brock Co. adopted the dollar-value LIFO inventory method as of January 1, Year 6. A single inventory pool and an internally comp
goldfiish [28.3K]

Answer:

When using dollar-value LIFO, the ending inventory at current year cost must first be converted to base year cost. The 12/31/Y2 inventory at base year cost is given as $60,000. Since the 12/31/Y1 inventory at base year cost was $45,000 ($40,000 base layer and $5,000 year 1 layer), a new layer of $15,000 was added in year 2 ($60,000 − $45,000). This layer must be restated using the year 2 price index. The year 2 price index is computed using the double-extension technique, as illustrated below.

4 0
3 years ago
The following labor standards have been established... The following labor standards have been established for a particular prod
anyanavicka [17]

Answer:

Results are below.

Explanation:

Giving the following information:

Standard labor hours per unit of output 4.4 hours

Standard labor rate $ 16.70 per hour

Actual hours worked 5,200 hours

Actual total labor cost $ 87,360

Actual output 1,100 units

<u>To calculate the direct labor efficiency and rate variance, we need to use the following formulas:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (16.7 - 16.8)*5,200

Direct labor rate variance= $520 unfavorable

Actual rate= 87,360/5,200= $16.8

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (1,100*4.4 - 5,200)*16.7

Direct labor time (efficiency) variance= $6,012 unfavorable

8 0
3 years ago
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