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3 years ago

A tariff is a tax on exported goods. a. True b. False

1 answer:

5 0

FALSE. A tariff is NOT a tax on EXPORTED GOODS.

It is a tax on imported goods. Tariffs and quotas are imposed on imported goods not only to increase the revenue of the country but to also protect domestic companies in the same industry as the importers.

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Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the incep

Paul [167]

Answer:

Total Costs Transferred Out 906422.4

Difference may be due to rounding .

Explanation:

Samantha's Office Supplies

Equivalent units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Completed and

transferred out 162,000 (100% ) (100% ) 162,000 162,000

WIP,

Normal Spoilage 6,480 (100% ) (100% ) 6,480 6,480

Ending inventory 30,000 (100% ) (25% ) 30,000, 7,500

Accounted For 198,480 198,480 175,980

Costs: Total Direct materials Conversion costs

WIP, beginning

inventory: 388,000 $ 300,000 88,000

Costs Added 639618 419,832 219,786

Total Costs

To Account for 1027618 719,832 307786

Divided By

Equivalent Units 198,480 175,980

Equivalent Unit Costs 5.38 3.63 1.75

Assignment of Costs 

Transferred out ( 5.38* 162,000)= 871560

Normal Spoilage (5.38* 6480)= 34862.4

Total Costs Transferred Out 906422.4

Difference may be due to rounding .

5 0

2 years ago

Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have the

Allisa [31]

Answer:

Cobras Incorporated

Trial Balance as at March 31.

Debit Credit

Supplies $1,100

Buildings $41,000

Cash $2,100

Accounts Receivable $2,800

Prepaid Insurance $1,100

Salaries Payable $300

Accounts Payable $1,500

Common Stock $21,000

Retained Earnings $14,500

Service Revenue $18,100

Utilities Expense $2,300

Salaries Expense $5,000

Totals $55,000 $55,000

Explanation:

A Trial Balance is used to check mathematical accuracy in ledger Accounts. It represents a list of Balances : Debit and Credit extracted from the Ledger Accounts.

7 0

2 years ago

After+a+student+synthesized+an+organic+compound,+she+calculated+her+reaction+yield+to+be+101%. +which+of+the+following+is+not+a+

torisob [31]

Gurl I am new here too so anything that you learned plz share I am in imitate help

7 0

2 years ago

A Golf company detemined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 60,000 units on ha

iogann1982 [59]

Answer:

Budgeted cost of goods sold = $7,650,000

Explanation:

Computation table for budgeted cost of goods sold

Particular Amount

Total Sales 225,000

Add: Desired stock in hand 90,000

Less: Beginning stock 60,000

Budgeted production 255,000

Budgeted cost of goods sold = 255,000 x $30

Budgeted cost of goods sold = $7,650,000

6 0

2 years ago

Suppose that the federal administration plans to fight a deep, ongoing recession with a nationwide plan of increasing infrastruc

defon

Answer: Increase (+)

Explanation:

The Government component of the Aggregate Demand refers to money spent by the Government/ Public sector to provide certain needs for the economy such as Education, Defense and Healthcare.

When the government spends on infrastructural development such as the scenario described in the text, they are engaging in a form of spending known as Government Investment. This will increase the amount of G in the aggregate demand model.

4 0

3 years ago