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OLEGan [10]
3 years ago
12

Cypress Exports would like to establish retail outlets in​ Mongrovia, a​ quasi-democratic African country with a growing middle

class. But the national and local officials all want​ "gratuities" to process the applications for permits. Cypress Exports should appeal to​ ________.
Business
1 answer:
Cloud [144]3 years ago
6 0

Answer:

D) organzation for economic and development cooperation

Explanation:

The Organisation for Economic Co-operation and Development (OECD) comprises of 36 countries across the world.

OECD are formed to help members achieve sustainable economic growth.

Organzation for cooperation and economic development helps  to fight poverty and Improve the economic development of it's member countries.

They contribute to improving standard of living of citizens of member countries and promoting economic stability.

OECD helps to reduce bribery and other financial crime across all countries of the world.

The major aim of organzation for economic cooperation and development is to foster the economic growth of it's members.

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A firm just completed a new plant that will produce more than 500 different products, using more than 50 different production li
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3 years ago
Consider the following account balances (in thousands) for the Peterson Company.
Leya [2.2K]

Answer:

Peterson Company

1. A schedule for the cost of goods manufactured for 2017:

A. Peterson Company

Schedule of Cost of Goods Manufactured

For the Year Ended December 31, 2017 (in thousands)

Beginning direct materials inventory            21,000

less ending direct materials inventory        (23,000)

Beginning Work-in-process inventory         26,000

less ending work in process inventory      (25,000 )

Purchases of direct materials                       74,000

Direct manufacturing labor                          22,000

Indirect manufacturing labor                        17,000

Plant insurance                                               7,000

Depreciation - plant, building, & equipment 11,000

Repairs and maintenance - plant                  3,000

Total cost of manufactured goods         $133,000

B. Peterson Company

Schedule of Cost of Goods Manufactured

For the Year Ended December 31, 2017 (in thousands)

Direct materials

Beginning direct materials inventory            21,000

Purchases of direct materials                       74,000

Cost direct materials available                     95,000

less ending direct materials inventory         23,000

Direct materials used                                           72,000

Direct manufacturing labor                                 22,000

Indirect manufacturing costs:

Labor                                     17,000

Depreciation                         11,000

Plant Insurance                     7,000

Repairs and maintenance    3,000            

Total Indirect manufacturing costs                    38,000

Manufacturing costs incurred during 2017  $132,000

Beginning work in process inventory             26,000

Total costs to account for                             $158,000

less ending work in process inventory          25,000

Cost of goods manufactured                      $133,000

2. Peterson Company

Income Statement

For the Year Ended December 31, 2017 (in thousands)

Sales Revenue                                                      $310,000

Cost of goods sold:

Beginning Finished goods inventory      13,100

Cost of goods manufactured               133,000

Cost of goods available for sale         $146,100

less ending Finished goods inventory 20,000

Cost of goods sold                              $126,100      126,100

Gross profit                                                           $183,900

Operating costs :

Selling & Distribution costs  91,000

General & Admin. costs      24,000

Total operating costs                                            $115,000

Operating income (loss)                                       $68,900

Explanation:

The cost of manufactured goods is the sum of the costs of direct materials, direct labor, manufacturing overhead, and work in process inventory.

The cost of goods for sale is the sum of the beginning finished goods inventory plus the cost of manufactured goods less the ending finished goods inventory.

The income statement is a statement of revenue and costs in order to show the financial performance of an entity during a period of time.  It shows the gross profit and net operating profit or loss.

The Gross profit is the difference between Sales Revenue and the Cost of goods sold.

The Operating Profit (Loss) is the difference between the Gross profit and the Operating costs.

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Intellectual property laws deal with
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Answer:

Intangible assets

Explanation:

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Which of the following statements about fluctuating exchange rates and the related effects on companies competing in foreign mar
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C. Companies that are manufacturing goods in a particular country and are exporting much of what they produce lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to

Explanation:

Fluctuating exchange rates will cause companies that are manufacturing goods in a particular country and are exporting much of what they produce to lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to.

  • If the currency of a country weakens compared to that of another country, the exchange power of such currency reduces.

It simply implies that more of the weak currency will have to be exchange for little of the stronger one.

  • In this context, comparison is drawn between exchange rates and companies in foreign markets.
  • For companies manufacturing their goods locally and exporting them, they have to pay more using their weak local currency to source for raw materials.
  • This will eventually tell on the cost of production of the goods.
  • To measure up, selling price of the exports will increase.
  • This can dissuade potential buyers from patronizing them in the foreign market. .
  • if they decide to keep selling at the previous price, loss can set in.

Learn more:

Inflation brainly.com/question/10432342

#learnwithBrainly

4 0
3 years ago
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