Answer:
The answer is E.
Explanation:
Licensing is a business arrangement in which one company(Krispy Kreme) authorizes another company(Canadian company) permission to manufacture its product for a specified payment. The benefits for licensing are:
1. To create business opportunities by expansion
2. It makes an entry into foreign market easier
3. It reduces risk for the two parties.
Some of the norms, principles, and rules associated with the GATT and WTO are that, "they set up reciprocity in trade making, helps facilitate cooperation, and leads to increased aggregate trade."
The General Agreement on Tariffs and Trade (GATT) is an international trade treaty to promote international trade by reducing or eliminating trade barriers. GATT's most important principle was that of trade without discrimination, where each member nation opened its markets equally to others.
The World Trade Organization (WTO) is the only international organization which deals with the global rules of trade. The goal of the WTO is to ensure that trade flows as smoothly and predictably as possible.
Hence, these were some of the norms, principles, and rules associated with the GATT and WTO.
To learn more about GATT here:
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They are called producers
Answer:
The total cost of the departmental Work-in-Process Inventory at the end of the period = $ 8200
Explanation:
Units % of EUP
Completion D.Materials Conversion
Costs
No Of Units
Completed 1400 100 1400 1400
<u>Units In Process 400 50% 400 200 </u>
<u>Total 1800 1800 1600</u>
Ending Inventory Valuation
Working:
Direct Materials = $( 25,200/ 1800 )*400= $5600
Conversion Costs= ($ 20800/1600)*200= $2600
Total Ending Inventory Costs= $5600+$2600= $ 8200
Direct materials (1,800 at $14.00) $25,200
Direct labor 12,480
Factory overhead 8,320
Total Manufacturing Costs $ 46000