Answer:
A) $429,000
Explanation:
For computing the cost of goods manufactured for the month, we have to use the formula which is displayed below:
= Sales - Gross profit + ending finished goods inventory - beginning finished good inventory
= $505,000 - $63,000 + $71,000 - $84,000
= $429,000
All items which are mentioned in the question are to be considered in the computation part.
Plan or devotion in life, it is an influence to what you want to do :)
Answer:
A) we would expect the price of capital to rise by more than 10 percent in Switzerland.
Explanation:
In foreign trade, the magnification principle is part of the Stolper-Samuelson theorem and it states that the price of a factor that is used intensively in the production of a good or service will change in a larger proportion than the price of the good or service produced. In other words, the change in the price of capital will increase by a larger proportion than the goods produced using it. So if the price of watches increases by 10%, then the price of capital will increase by more than 10%
Answer: Nontariff barriers
Explanation:
Nontariff barriers are trade barriers that are used whereby the import and export of goods and services are restricted. It should be noted that the restriction is not by tariffs but can include include embargoeds, quotas, sanctions, and levies.
The main reason for trade barriers are to generate revenue for the government and also to protect the local industries.
Answer:
Debited to Retained Earnings of $500,000.
Explanation:
At the time of declaration of the dividend, the journal entry is recorded which is shown below:
Retained earning A/c Dr $500,000
To Dividend payable A/c $500,000
(Being cash dividend declared)
On the declaration date, the dividend amount is recorded. So while recording we debited the retained earning account and credited the dividend payable account
All other information which is given is not relevant. Hence, ignored it
