Completed contract method of accounting for long-term contracts recognizes project income only when the contract is completed.
In general, a long-term contract is one that starts in one year and ends in a subsequent tax year and is used to build, install manufacture, or manufacturing property.
Long-term contracts may give an agency much-needed stability they need, particularly if you're just getting started. A long-term contract may make managing your agency's cash flow less of a financial guessing and gives you a fantastic chance to develop a deep connection with your customer.
A long-term work contract is one that normally lasts longer than six weeks; many go on for months or even years. As you become a crucial component of the company, you are frequently given greater responsibility.
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question content area using the data below for the ace guitar company: a region b region sales $568,000 $852,000 cost of goods sold 215,800 323,800 selling expenses 136,300 204,500 support department expenses: purchasing $238,600 payroll accounting 159,000 allocate support department expenses proportional to the sales of each region. determine the divisional operating income for the a and b regions. for interim calculations, round percentages to two decimal places and all other amounts to the nearest whole dollar.
A Region Operating Income $
B Region Operating Income $
A Region Operating Income $85140
B Region Operating Income $56860
Region A
% of sales allocation = sales/sales of both regions
= 852000/ 852000 + 568000
= 60%
Allocation of the service department expense
= % of the sale allocation × (purchaning + payroll )
= 60% × (238600 + 159000)
= 238560
operating income = sales - csgs - selling expense - Allocation of the service department expense
= 852000 - 323800 - 204500 - 238560
= 85140
Region B
% of sales allocation = 568000/ 852000 + 568000
= 40%
Allocation of the service department expense
= % of the sale allocation × (purchaning + payroll )
= 40% × (238600 + 159000)
= 159040
operating income = sales - csgs - selling expense - Allocation of the service department expense
= 568000 - 215800 - 136300 - 159040
= 56860
Working earnings refers back to the adjusted sales of a employer in the end expenses of operation and depreciation are subtracted. fees of operation or working expenses are virtually the fees incurred so one can keep the commercial enterprise running.
It's a metric that allows you to see your enterprise's profitability in case you only account for everyday operating expenses. that is why running earnings is likewise known as working profit or income earlier than interest and taxes (EBIT) as it does not account for taxes or hobby expenses.
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what is a common mistake that small-business owners make when their businesses begin growing?
Answer: Not making a long-term plan before expanding.
Exempting things such as groceries and clothing from sales tax is an attempt by states to make sale tax less ______.
Exempting things such as groceries and clothing from sales tax is an attempt by states to make sale tax less: Regressive.
Regression is a protective psychological reaction to some unwanted urges. Nodal regression is the migration of an object's nodes inside their orbit along a different path than the object itself.
The action of returning to a former territory or kingdom; reversion. retrogression; going backward. Biology. return to a common or standard kind, a former or less developed nation, or a form. The word "Regressive" derives from the Latin word "regresses," which means to return (to something). In this respect, regression is the technique that enables "to head back" from disorganized, challenging data to a more understandable and significant model.
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eneration x consumers are multiple choice likely to rely on others. authoritative decision makers. very prone to extravagance. generally supportive of racial and ethnic diversity. poorly educated.
Generation X consumers are generally supportive of racial and ethnic diversity.
Generation X is the demographic cohort after Baby Boomers and before Millennials. Academics and popular media use the mid to late 1960s as the first birth year and the late 1970s to early 1980s as the last birth year, with generations generally being born between 1965 and 1980. defined as a generation.
Harvard University defines Generation X as those born between 1969 and 1984. Using this definition and U.S. Census data, as of 2019, he has 65.2 million Generation Xers in the United States. As a child in the 1970s and 1980s, a time when social values changed, Generation X was sometimes called the Key Generation.
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the vertical distance between points a and b represents the tax in the market. the amount of the tax on each unit of the good is
the vertical distance between points a and b represents the tax in the market. the amount of the tax on each unit of the good is $10.
What are tax?Taxes are compulsory payments made by a government agency, whether local, regional, or federal, to people or businesses. Public works and services like roads and schools, as well as programs like Social Security and Medicare, are all funded by tax revenues.
Regressive, proportional, and progressive taxation are the three main types of taxation in the US. While proportional taxes have no effect on income levels, regressive and progressive taxes have different effects on high- and low-income earners.
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Salt Foods purchases forty $1,000,7%, 10-year bonds issued by Pretzelmania, Incorporated, for $42,975 on January 1 . The market interest rate for bonds of similar risk and maturity is 6%. Salt Foods receives interest semiannually on June 30 and December 31 . 1. \& 2. Record the necessary entries regarding the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole number.) Journal entry worksheet Record the investment in bonds. Note: Enter debits before rredits.
The journal entry will be Cash dr. $1,400 To Investment (difference) $111 To Interest Revenue $1,289
Let's understand the transactions that occur when the investment is made in order to record Salt Foods' investment in Pretzelmania's bonds and the recipe for the first interest payment on June 30.
The following transactions take place when a firm buys bonds from another company: The value of the investment is added to the investment account. Investments are assets, thus there will be a debit because of that.
The value of the investment reduces cash. Cash is a resource, hence a credit will be noted.
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If unemployed workers become discouraged and give up trying to find work, the number of workers employed and the unemployment rate would change in which of the following ways?
Workers employed, no change. Unemployment rate, decrease.
If unemployed workers become discouraged and give up trying to find work, the number of workers employed and the unemployment rate would decrease.
Someone's employment status will rely upon whether their agreement is: a settlement of service, ie employment (employee) a settlement for the personal performance of work (employee) a agreement for offerings (self-hired).
A worker is defined as both an employee operating underneath a settlement for Employment or a person who works beneath a contract apart from a settlement of Employment and is offering his private carrier in go back for remuneration to the company who isn't always his/her consumer or purchaser.
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cho receives a small monthly salary, but the bulk of her compensation comes in the form of a percentage of her sales, known as
Cho receives a small monthly salary, but the bulk of her compensation comes in the form of a percentage of her sales, known as commission.
In the field of business, a commission can be described as a percentage of the share that you get from the sale of an item. Most jobs that involve the sales of a product are commission-based rather than salary based.
For sales jobs, a percentage gets revenue for each item that he is selling. Some companies offer a small monthly salary and offer commission for sales jobs for each product of the company that is being sold by a salesperson.
Commission-based jobs are not regular jobs and have different job terms and values.
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The sales philosophy and process that emphasizes a commitment to maintaining customer relationships over the long term and investing in opportunities that are mutually beneficial to all parties is known as ________ selling.
Relationship selling is a type of sales approach that places a strong emphasis on investing in long-term client connections and prospects that benefit all parties involved.
What do you think of as sales?
In a sale, two or more parties trade services or goods for money or other assets. In the capital markets, a sale is an agreement between a buyer and a seller regarding the price of a good and its distribution in exchange for a predetermined payment.
Why are sales such a big deal?
Sales have a big impact on how customers become loyal and how much trust they have in brands. The primary drivers of a customer's ability to recommend your company to family or friends or to post a favorable online comment of your products or services are trust and satisfaction.
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if market risk premium is 8%, risk free rate is 5%, and the standard deviation of the market portfolio is 14.2%, what is the slope of the capital market line?
If the market risk premium is 8%, the risk-free rate is 5%, and the standard deviation of the market portfolio is 14.2%, the slope of the capital market line will be a little bit bent.
What is the Capital market line?The capital market line is indeed the tangent line that is traced from the risk-free asset's point to the area where risky assets are practicable. Since all rational investors should hold their hazardous assets at the same proportions as their weights inside the market portfolio, the tangency point M stands for the market portfolio.
The capital market line (CML) shows portfolios that balance risk and return in the best possible way. It is a philosophical concept that shows all the portfolios that combine the market's hazardous asset portfolio and the risk-free return rate in the best way possible.
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d. what should be the primary objective of managers? (1) do firms have any responsibilities to society at large?(2) is stock price maximization good or bad for society?(3) should firms behave ethically?
The primary objective of the manager is to please the stockholder by maximizing stockholder wealth.
The traditional definition of a manager is someone who supervises the activities of individuals. Simply put, managers supervise the activities of others in order to achieve goals. Managers in the modern workforce may be in charge of systems or specific functions that do not involve humans.
The manager's role is to achieve department objectives by managing staff, planning, and evaluating department activities. Employees are retained by recruiting, selecting, orienting, and training them. Ensures a safe, secure, and legal workplace.
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lakeview, inc.'s statement of cash flows reports financing activities with payments that exceed receipts. this means that lakeview had a net cash
The cash flow statement for Lakeview, Inc. lists financing activities where payments exceed receipts. This indicates that Lakeview's financing-related actions resulted in a net cash outflow.
How do cash flows work?
The net figure of cash flows coming into and going out of a business is referred to as cash flow. Money spent or money received represent inflows and outflows, etc.
What kind of cash flow is this, exactly?
Spending that occurs in the normal course of business is included in cash flow from operations. Payroll, the cost of items sold, rent, and utility bills are a few examples of the these cash outflows. If business operations are very seasonal, cash outflows might vary greatly.
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he percentage of customers who click on an ad or link of interest to them is called: a) the click through rate b) a hit c) a pageview d) the conversion rate e) the cpm
The correct response is a)The click through rate. The click through rate is the proportion of users who click on relevant ads or links.
The relative magnitude or extent; ratio; the relationship between several entities or components in terms of comparative size, number, or degree. the right or ideal relationship between components of a whole; symmetry or balance. When determining if two ratios or fractions are equivalent, the proportion formula is utilized. By dividing the supplied values, we may determine the missing value. One way to express the percentage formula is as a: Whereas a and d are the extreme terms and b and c are the mean terms, a: b::c : d = a/b = c/d. One of the most well-known examples of proportion in art is often referred to as the "Golden Ratio," "Divine Section," or "Golden Proportion," among other terms.
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All of the following are operating budgets except the sales budget b. operating expenses budget e. budgeted income statement d. cash budget
All of the following are operating budgets except the cash budget.
Expense plans covers the upcoming year and deals with the real short-term income and costs required to run the facility (12-month period). A cash budget represents an estimate of a company's cash flows for a given time frame. A weekly, monthly, quarterly, or yearly budget can be the subject of this. With the help of this budget, you may determine if the company has enough cash on hand to keep running for the specified period of time.
The cash budget varies from the operational budget in that it establishes accountability and gives a numerical representation of the plan the company will use to make the projected expenditures without exhausting operating funds.
Hence the correct option is D
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suppose that the economy is in a recession and the inflation rate decreases from 5 percent to 1 percent. in this case, the demand for money most likely will:
The demand for money most likely will decrease if economy is in recession and the inflation rate decreases.
What is a recession?A recession is the contraction of the business cycle in the study of economics, which happens when there is a broad fall in economic activity. In general, a recession is indicated by general drops in spending. This could result from a number of events, such as a financial crisis, a severe manmade or natural disaster, an external trade shock, an unfavorable supply shock, the bursting of an economic bubble, etc. The European Union has used terminology akin to this. Two consecutive quarters of negative economic growth are what the UK considers to be a recession. Macroeconomic expansionary policies, such as boosting the money supply, expanding government spending, and lowering taxes, are frequently used by governments in response to recessions.
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macrovision hosts free internet seminars that will help businesses improve lead generation and client relationships. another name for these internet seminars are:
Another name for those internet seminars is Web Conferencing that is being hosted by Macrovision.
What does "web conference" actually mean?Web conferencing: What does that mean? Any online meeting that includes two or more participants who are in different places is referred to as web conferencing. They could be located anywhere in the world. They can see, hear, and communicate with each other in real-time using a dependable internet connection and conferencing software.
What benefits may you get from web conferencing?Since you and your clients or customers can meet online without leaving the office, web conferencing has many advantages, including time, resource, and financial savings. Due to the decreased need for travel, it is also environmentally benign.
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galaxy industries buys back 600,000 shares of its stock from investors at $45 a share. two years later it reissues this stock for $65 a share. the stock reissue would be recorded with a debit to cash for: a. $39 million and a credit to treasury stock for $39 million. b. $39 million, a credit to treasury stock for $27 million, and a credit to gain on sale of treasury stock for $12 million. c. $27 million, a debit to additional paid-in capital for $12 million, a credit to treasury stock for $27 million, and a credit to stockholders' equity for $12 million. d. $39 million, a credit to treasury stock for $27 million, and a credit to additional paid-in capital for $12 million.
The stock reissue would be recorded with a debit to cash for: $39 million, a credit to treasury stock for $27 million, and a credit to gain on sale of treasury stock for $12 million.
What separates a credit from a debit?A debit option exists in every double-entry accounting system. A debit is the complete opposite of a credit. Debits reflect money leaving an account, whereas credits show money entering it.
In a typical journal entry, all debits are declared on the top lines and all credits are stated on the line immediately below the debits. When using T-accounts, a debit is shown on the left side of the chart, and a credit is shown on the right. Debits and credits are utilized in the trial balance and adjusted trial balance to ensure that all entries balance. The total of all debits must be more than or equal to the total of all credits. Or, to put it another way, resources need to balance.
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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February March May 2: Reacquired 77,000 shares at $12.70. 17: Sold 27,000 shares at $14.35. 17: Sold 32,800 shares at 58.35. Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago Required: Prepare the journal entries to record the above transactions, using the cost method. (If no entry is require select "No journal entry required" in the first account field.)
Applying the cost approach For February 2, the equity shares journal entry will be Bank A/c Dr. 9,77,900. A/C 9,77,900 equity share application dated March 17; address: 3,87,450 3,87,450 to Bank A/c Application for equity shares dated May 17: Dr. 2,67,200 to Bank A/c 2,67,200.
In a company's financial accounts, certain investments are recognized using the cost method of accounting. This strategy is used when an investor holds a security over which it has little or no influence, often expressed as owning less than 20% of the firm.
The cost of the investment is listed by the investor as an asset. When received, dividend income is recorded as income and shown on the income statement. Receiving a dividend also increases cash flow in both the investment and operating sections of the cash flow statement.
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Parking
Your coffee shop sits in a strip mall next to a small restaurant. The owner of the restaurant has complained to you about parking: There are not enough spaces available for his customers during lunch and dinner hours.
Activity
What are some suggestions you might offer to alleviate this situation? Prepare an outline for a conversation between the two owners: List your suggestions and the pros and cons for each.
The suggestions that i might offer to alleviate this situation is he should try and expand the should to maybe a lower and upper level. Interior designers can do so. Another is to encourage his customers to use the booking platform ahead of time so that they would not be disappointed.
What characteristics characterize a good office setting?A sense of individuality is among the qualities that characterize a good office environment. You might think about dividing teams with open bookshelves because large open-plan offices might appear cold and uninviting.
Therefore, Some decisions for Improving Office Space Planning are:
Create a plan.Dispose of any uncomfortable furnishings.Put variety first.Take note of the technical prerequisites.Include your staff in the procedure.Make areas that are intended for collaboration.Be mindful of the lights.Make a Space Dedicated to Relaxation.Learn more about Office Spacing planning from
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You own an ice cream store and are concerned that an employee may be giving generous scoops to friends and family and smaller scoops to some other customers. This may be reducing sales. In this example, you are the
Based on the story above, we are the example of principal. In other side, the employee is the example of agent.
In economic and business, marketing generally can be defined as the activity, processes for creating, set of institutions, communicating, delivering, and exchanging offerings that have value for partners, customers, clients, and society at large. There are several key point in marketing, there are product, price, place, and promotion. In the other side, there are several types of marketing, such as sales promotion and brand marketing. In the marketing also there are seller, employee, and buyers.
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suppose that you purchase goog at $1325 per share and purchase a put to protect your position with a strike price of $1275 per share for $26. what is the breakeven stock price for this position (option and stock)?
The breakeven stock price for this position.Breakeven price is equal to the purchase price plus the interest that would have been earned on the amount invested.Breakeven price is equal to 23 plus (23*e0.05*1/2) - 23. Breakeven price is equal to 23 + 0.5822477721.
Profit = Selling price - Breakeven price Profit = $23.80 - $23.5822477721 Profit = $0.2177522279 per share. Breakeven price =$23.5822477721.Under a put option, we were entitled to the difference between the strike price and a price below the strike price (stock price at expiry). The price below the strike price up to which the cost of the approach would have been recouped will serve as our breakeven stock price below which the trader makes a profit. 35 b, 350f stock price at which the trader will begin to benefit. Below the breakeven stock price, a trader makes money. $20 Practicing.The cost of the approach for the trader who purchases two call options and one put option is $$$2*$ call premium. "$ premium on the put option" plus one $$\s= 2* $3 + 1 * $4\s-6-+4\s=$10.The calculation of the break-even stock price follows. Cost of plan = number of Put choice x. (Strike price - Break even Stock price).$30 - Breakeven Stock Price = $10 = 1 times.
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grey company signs a 10-year franchise agreement with doh donuts. grey (the franchisee) makes payments of $3,000 per year for the first 8 years of the franchise agreement
Grey Company signs a 10-year franchise agreement with DOH Donuts. Grey (the franchisee) makes payments of $3,000 per year for the first 8 years of the franchise agreement—a total of $24,000.
A franchise agreement, which is a binding legal document, details the terms and conditions of a franchisor for a franchisee. These terms, which are ordinarily set forth in a written agreement between the parties, govern every franchise.
The most crucial document in a franchising relationship is the franchise agreement since it frequently addresses issues such, What fees and payments is a franchisee responsible for? How long will the franchise arrangement last What privileges and limitations apply to using the trademarks and other intellectual property of the franchisor? Does the franchisee have to purchase specific tools and goods for the enterprise?
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travis industries plans to issue perpetual preferred stock with an $11.00 dividend. the stock is currently selling for $90.50, but flotation costs will be 7% of the market price, so the net price will be $84.17 per share. what is the cost of the preferred stock, including flotation? round your answer to two decimal places.
The cost of the preferred stock of Travis Industries is $13.06
Preferred stocks are the stocks that are given some priority. Some of these preferential treatments include constant dividends, and dividends are paid before any other stockholders. The dividends payable to the holders of preferred stocks are payable on demand.
A publicly traded company incurs flotation costs when it issues new securities and pays costs like underwriting fees, legal fees, and registration fees. Businesses must take into account how these fees will affect the amount of capital they can raise from a new issue.
The cost associated with preferred stock is estimated as follows:
[tex]\text{Cost of the preferred stock}=\dfrac{\text{Annual dividends}}{\text{Current price-Flotation costs}}[/tex]
From the question,
Flotation cost is 7%*90.5
Market price=90.5
Annual dividends=$11.00
[tex]\text{Cost of the preferred stock}=\dfrac{11.00}{90.5*(1-0.07)}[/tex]
[tex]\text{Cost of the preferred stock}= $13.06[/tex]
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a publishing company pays its salespeople a weekly salary plus a 2% commission on all net sales over $5,000 (no commission on returned goods): gross sales 8000 return 25
Net sales, commision sales, total commision, and total wage is shown below:
Net sales is $7,775.Commision sales is $2,775.Total commision is $55.5.Total wage is $305.5.Based on the scenario we know that the company pay its slaespeople with a commision 2% on all net sales over $5,000. The gross sales that is founded by company is $8,000 with return $25. It requires us to fill the blank sheet, there are net sales, commision sales, total commision, and total wage.
To determine the net sales we can use the formula below:
Net sales = Gross sales - Returns
Net sales = $8,000 - $25 = $7,775
To determine the Commission sales we can use the formula below:
Commission sales = Net sales - Given quota
Commission sales = $7,775 - $5,000 = $2,775
To determine the Total commission we can use the formula below:
Total commission = Commission rate × Commission sales
Total commission = 2% x $2,775 = $55.5
To determine the Total wage we can use the formula below:
Total wage = Total commission + Regular wage
Total wage = $55.5 + $250 = $305.5
The missing table is shown in the attachment.
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the furniture of what designer became identified with the bauhaus in germany because it represented the mass produced products of the machine age?
Walter Gropius created the Dessau Bauhaus structure.
What is bauhaus?German architect Walter Gropius established the Bauhaus in the city of Weimar in 1919. (1883–1969). Its main goal was to reinvent the tangible world in order to express the unification of all the arts, which was a novel concept.
The school gained notoriety for its design philosophy, which aimed to combine unique artistic vision with the ideas of mass production and a focus on usability. An architect and well-known furniture designer, Marcel Breuer. Breuer, who was born in Hungary, became self-sufficient at the age of 18 and became the youngest student to enroll in the Bauhaus.
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currently, your company is in the process of upgrading security in the company headquarters building by installing biometric sensors to limit access to specific rooms. your network switches are poe-enabled, which allows biometric sensors to connect to switches without an external power source. which of the following poe standards is designed for use with biometric sensors?
The POE+ standards is designed for use with biometric sensors.
Biometrics also assists in making it more difficult for someone to forge, steal, or use your identity, resolving problems or errors that may occur if your name, date of birth, and/or place of birth are similar to those of someone else, and Biometric sensors collect measurable biological characteristics (biometric signals) from humans, which are then used in conjunction with biometric recognition algorithms to perform automated person identification.
Personal characteristics (directly related to who you are) are used by biometric systems to authenticate or identify a person. A system collects biometric characteristics that are unique to each individual.
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discuss the general consequences of climate change on the economy. for example, what effects could climate change have on country x's employment or long-term economic growth prospects?
Svante Arrhenius was the first scientist to quantitatively predict that global warming would occur if atmospheric carbon dioxide concentration doubled in 1896.
Scientists have researched the effects of increased greenhouse gas emissions on the earth's climate for the past 125 years. Every seven years or so, the IPCC publishes assessment reports that aim to summarize the state of climate science at the time. Assessing the physical scientific underpinnings of the climate system and climate change is the goal.
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Anna borrows $5,000 from a bank and withdraws $1,000 from her personal savings to start a coffee shop. The interest rate is 5 percent for both the bank loan and her personal savings. Her opportunity cost of capital is $250.
a. True
b. False
Anna borrows $5,000 from a bank and withdraws $1,000 from her personal savings to start a coffee shop. The interest rate is 5 percent for both the bank loan and her personal savings. Her opportunity cost of capital is $250. False
The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized.
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The most attractive way to reduce or eliminate the impact of paying tariffs on pairs imported to a company's distribution warehouse in Europe-Africa is toThe most attractive way to reduce or eliminate the build a plant in Europe-Africa and then expand it as may be needed so that the company has sufficient capacity to supply all (or at least most) of the pairs the company intends to try to sell in that geographic region.The most attractive way to reduce or eliminate the pursue a strategy of selling fewer pairs in Europe-Africa than rival companies--this has the advantage of keeping the company's costs for import tariffs in Europe-Africa lower than those of rivals.The most attractive way to reduce or eliminate the stop selling footwear in Europe-Africa and close down all company operations in that region.The most attractive way to reduce or eliminate the pursue a strategy of selling footwear to retailers in Europe-Africa at a wholesale price of $39 per pair or less--no import tariffs have to be paid on branded pairs shipped to footwear retailers in Europe-Africa when the wholesale price is below $40 per pair.The most attractive way to reduce or eliminate the
raise the company's selling price of footwear in Europe-Africa by the full amount of the tariff and pass all tariff costs along to the purchasers of the company's footwear--this strategy has the advantage of completely eliminating the company's exposure to import tariffs in Europe-Africa.
The most attractive way to reduce or eliminate the impact of paying tariffs on pairs imported to a company's distribution warehouse in Europe-Africa is to
Answer: pursue a strategy of selling footwear to retailers in Europe-Africa at a wholesale price of $39 per pair or less--no import tariffs have to be paid on branded pairs shipped to footwear retailers in Europe-Africa when the wholesale price is below $40 per pair.
Reason: This will reduce overall cost of footwear pair and will make footwear pair cheaper in market without any investment. So market share and sales revenue of company in Europe-Africa will increase.
Other options are not viable because
1. build a plant in Europe-Africa and then expand it as may be needed so that the company has sufficient capacity to supply all (or at least most) of the pairs the company intends to try to sell in that geographic region.
Reason: It will require more capital investment and will reduce return on capital employed.
2. pursue a strategy of selling fewer pairs in Europe-Africa than rival companies--this has the advantage of keeping the company's costs for import tariffs in Europe-Africa lower than those of rivals.
Reason: This will reduce market share and sales revenue of company from Europe-Africa.
3. stop selling footwear in Europe-Africa and close down all company operations in that region.
Reason: This will reduce sales revenue and profitability of company.
4. raise the company's selling price of footwear in Europe-Africa by the full amount of the tariff and pass all tariff costs along to the purchasers of the company's footwear--this strategy has the advantage of completely eliminating the company's exposure to import tariffs in Europe-Africa.
Reason: This will make footwear pair expensive in market compared to rival companies and will reduce market share, sales revenue and profitability of company
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in 1973, the major oil-producing nations of the world declared an oil embargo. the price of oil, a key source of energy, increased. this led to widespread inflation as costs of production increased steeply. the resulting fall in gdp and employment led the united states into a recession. which of the business cycle theories explained in the chapter would best fit this explanation of the 1970s recession?
The resulting fall in gdp and employment led the united states into a recession. The real business cycle theories explained in the chapter would best fit this explanation of the 1970s recession.
Gross domestic product is a financial degree of the market fee of all of the final items and services produced and offered in a selected time period by means of nations. because of its complicated and subjective nature this degree is frequently revised before being taken into consideration a reliable indicator.
GDP measures the financial value of final items and services—this is, the ones which might be offered by using the final consumer—produced in a rustic in a given time period (say a quarter or a year). It counts all of the output generated inside the borders of a country.
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