The motivation behind the WTO (World Trade Organization) is to control rules managing universal exchange on worldwide and close worldwide levels. A negative impact of WTO is that creating nations don't have much space to arrange when tolerating exchange controls. They are not sufficiently solid all alone without them. Be that as it may, a positive is that every one of the nations needs to acknowledge what WTO manages so to develop nations this can help them not be exploited by bigger, more created nations.
If long run aggregate supply (LRAS) is vertical, the statements that must be true is: Aggregate demand does not affect the quantity of output.
<h3>What is aggregate supply?</h3>
Aggregate supply can be defined as the amount of goods or product a firm is expected to produce and sell or made available to buyers at a particular period of time.
Hence, assuming aggregate supply is vertical, aggregate demand which is the amount of goods buyers are willing to buy will not not affect the quantity of output or goods produced.
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Aldi!!! Personal preference due to the organization.
Answer:
Aston has given the information required to meet division profit objective. Increasing the profit objective is common goal of every manager. Here manager wanted to meet profit objective by minimising fixed cost which is not wrong motive. Whether the excess production can be sold in the market. If there is a chance to sell, more production can be made.
Absorption costing means that all of manufacturing costs are absorbed by units produced. It calculates every cost on no. of units produced but it does not mean to increase production only in order to match income objective or to reach this goal instead of fact that inventory remains at end, and sale of that increased production does not take place and income objective met because of the lower cost per unit.
Answer:
The amount of uncollectible accounts expense that will be recognized on the Year 1 income statement is $1,620.
Explanation:
To arrive at the amount of uncollectible accounts expense that will be recognized on the Year 1 income statement, we simply need to calculate 3% of the company's sales on account balance, as follows:
3% of ($190,000 - $136,000) = $1,620
So, $1,620 would be the bad debt expense that will be recorded in Year 1 income statement, since there is no opening balance of sales on account and allowance for doubtful accounts.
Also, note that the collection on account during the year would reduce the sales on account balance, as shown above.
