Answer and Explanation:
1. Business implication: if there are no trade barriers, it would enable them get better raw materials for their business and increase customer base
Legal anti trust implication: lobbying is illegal in some countries
2. Business implication: this would attract more manufacturers who were not previously members of the association which would in turn promote the goals of the association in improving trade amongst the manufacturers
Legal anti trust implication: associatio may be exposed to legal examination, example increased regulations
3 business implications:sales territories would invariably create a safe and secure investment for manufacturers such that there is less cost of marketing and campaigning as consumers are guaranteed
Legal implications: this is against anti trust laws and goes against free trade policies and illegal monopoly
4 business implications: boycotting this supplier could create an alternative source of raw materials which wouldn't be as efficient and even cost more
Legal implications: boycotting a large supplier such as this who might have a political backing might bring political retaliations from the supplier's political proxies who might create other regulations in the supplier's favour
Answer: collectivism
Complete Question:
Cedric, a brand manager, transferred from the united States to japan He discovered that although people in the United States highly valued individualism, people in Japan expect individuals to conform to group expectations. Cedric concluded that Japan places more of an emphasis on:
Explanation: Collectivism values the group over individuals belonging to the group. In cultures where collectivism is the norm, individuals tend to want to conform to the group expectations. Also, it is common for individuals in collectivist societies to define themselves as belonging to a group than as individuals so groups are a way of identifying themselves.
While individualism values individuals's right and uniqueness, collectivism does not but sees value in maintaining the cohesion in a group, which in turn promotes conformity.
Answer:
$2,400
Explanation:
Total production Cost:
= Direct materials and direct labor + Indirect materials and indirect labor + Insurance on manufacturing equipment
= $7,000 + $2,000 + $3000
= $12,000
Amount should be reported as inventory in the company’s year-end balance sheet:
= (Total production Cost ÷ Units manufactured) × (Units manufactured - Units sold)
= ($12,000 ÷ 1,000) × (1,000 - 800)
= $12 × 200
= $2,400
Answer and Explanation:
The computation of the equivalent units for direct material and conversion cost is shown below:
Physical units Direct Materials Conversion Cost
Beginning
Work in process
100% and 50% 250
Units Started 800
Total Units
Under process 1,050
Less : Ending
Work in process 150
Units Transferred
to TestingDepartment 900 900 900
Ending Work in process 150 150 112.50
(100% and 75%)
Equivalent units ofproduction 1,050 1,050 1,012.50
Answer:
Refer To The attached screen shot. It contains the Income Statement Prepared under Absorption Costing.
Explanation:
Absorption Costing assumes that the Manufacturing Costs include Direct Material, Direct Labor, Variable Overhead, and Fixed Overhead. Whereas, Selling and Administrative Expenses are classified as period Costs. These period costs are recognized in the period in which they are incurred. On the other hand, the manufacturing costs are recognized when the goods on which the costs were incurred are sold. That's why we don't recognize $78,000 as a Fixed Overhead because these overhead costs were incurred to produce 6,000 rackets. We have to calculate the fixed overhead cost per unit and multiply it with the units sold.
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