Is A retirement saving plan sponsored by an employer
Answer:
Beta testing process
Explanation:
The beta testing process involves the testing of products or services that are still in the final development stage, they are not yet finished products. Companies want to learn what their potential customers think about how their products or services work. They usually hand out free versions of their products and they request feedback from their customers.
Answer:
Supplies expense $2200 Dr
Supplies $2200 Cr
Explanation:
The adjusting entries are made at the end of the accounting period under the accrual basis of accounting. The accrual principle states that the revenue and expenses for a period should be matched and recorded in that particular period.
Supplies expense is calculated by determining the amount of supplies at start of the year and adding the purchases of supplies. At the end of the year, the closing inventory of supplies is determined and the difference between supplies available and the closing inventory is charged as supplies expense.
Supplies expense = Opening Inventory + Purchases - Closing inventory
Supplies expense = 3700 - 1500 = $2200
Tax breaks, loans, and guaranteed high prices are examples of subsidies protectionism.
<u>What is Protectionism?</u>
Protectionism refers to government policies that help to boost domestic industries while restricting international trade. The objective of protectionist policies is usually to improve the economic conditions within a domestic economy. The protectionist policies can also be implemented for improving the quality of products or safety concerns. There are different protectionist policies and tools that a government can use to implement and improve economic activity such as tariffs, product standards, import quotas, and subsidies.
Therefore, tax breaks, guaranteed high prices, and loans are examples of subsidies protectionism.
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Total materials variances = 1,221
Unfavorable price variance = 2,673
Unfavorable quantity variance = 1,452
Favorable total materials variance = 2,673