The president of the American Auto Parts Corporation recently testified before members of Congress, urging them to limit the flow of imported automobile parts into the United States. She contended that these imports were priced lower than the foreign producers were charging for the same parts in their own countries. She believes these foreign producers are guilty of _______.

Answers

Answer 1

Answer:

Answer:

The correct answer is: Dumping.

Explanation:

Dumping refers to exporting a good at a lower price than the price charged for the goods at home. Involves substantial volumes of the exported product and endangers manufacturers and producers in the importing nation. The World Trade Organization states that dumping is unfair competition but most countries condemn it. Dumping is legal under the World Trade Organization rules unless the country can prove it has negative effects.

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A furniture factory produced 1600 standard chairs in eight days. If the factory employed five workers, what was the labor productivity, in chairs per worker per day? A. 40 B. 100 C. 5O D.20 E. 80

Answers

Answer:

A. 40

Explanation:

Calculation for what was the labor productivity, in chairs per worker per day

Using this formula

Labor productivity per day =Company Per day output/ Number of labor

Let plug in the formula

Labor productivity per day= 1600/8 days×5 workers

Labor productivity per day=1,600/40

Labor productivity per day= 40

Therefore the Labor productivity per day will be 40

Gilberto Company currently manufactures 65,000 units per year of one of its crucial parts. Variable costs are $1.95 per unit, fixed costs related to making this part are $75,000 per year, and allocated fixed costs are $62,000 per year. Allocated fixed costs are unavoidable whether the company makes or buys the part. Gilberto is considering buying the part from a supplier for a quoted price of $3.25 per unit guaranteed for a three-year period. Calculate the total incremental cost of making 65,000 and buying 65,000 units. Should the company continue to manufacture the part, or should it buy the part from the outside supplier?

Answers

Answer:

Incremental cost of buying the component = $69,500

Therefore the component shall be make in the company and shall not be bought from outside.

Explanation:

Provided the cost in case of manufacturing

65,000 units

Variable Cost = $1.95 $*$ 65,000 = $126,750

Fixed Cost = $75,000

Total cost of making the product = $126,750 + $75,000 = $201,750

Total cost in case of buying the product

Price to be paid = $3.25 $*$ 65,000 = $211,250

Also the fixed cost of $60,000 will be incurred in any manner and is not avoidable.

In that case total cost of buying the product = $211,250 + $60,000 = $271,250

Incremental cost of buying the component = $271,250 - $201,750 = $69,500

Therefore the component shall be make in the company and shall not be bought from outside.

Final answer:

If Gilberto Company purchases the part externally, it will incur an extra cost of $12,750. Therefore, it is more cost-effective for the company to continue manufacturing the part in-house.

Explanation:

The first step is to calculate the total cost of producing 65,000 units in-house and the total cost of buying 65,000 units externally.

For in-house production: The cost is the sum of variable costs, fixed costs, and allocated costs, yielding: (65,000 units * $1.95/unit) + $75,000 + $62,000 = $198,500

For external purchasing: the total cost is simply 65,000 units * $3.25/unit = $211,250.

We subtract the in-house cost from the external purchasing cost to obtain the incremental cost: $211,250 - $198,500 = $12,750. Therefore, it costs an incremental $12,750 to buy 65,000 units externally compared to making them in-house. Considering the cost-effectiveness, Gilberto Company should continue to manufacture the parts in-house rather than buying them from the external supplier.

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A loan of 1000 is taken out at an annual effective interest rate of 5%. The loan will be repaid using the Sinking Fund Method. That is, level annual interest payments are made at the end of each year for 10 years, and the principal amount for the loan is repaid at the end of 10 years by making equal size payments into the fund at the end of each year for 10 years. If the sinking fund earns an annual effective interest rate of 4%, then find the difference between the interest payment on the loan and the interest earned by the sinking fund in the fifth year. Round your answer to the nearest whole number.

Answers

Answer:

Interest paid each year = 5% of 1000 = $50

$1000 is to be paid at the end of 10 years.So payment each year = pmt(rate,nper,pv,fv) where rate = 0.04,nper=10 and fv =1000.

Payment into the fund =pmt(0.04,10,0,1000) = $83.29 each year

Value of the sinking fund at the end of the 4th year =pv(rate,nper.pmt) =pv(0.04,4,83.29) = 302.34

Interest earned by sinking fund in year 5 = 0.04*302.34 = 12.09

Interest on loan in 5th year = $50

So difference between the interest payment on the loan and the interest earned by the sinking fund in the fifth year. = 50-12.09 = 37.91 = $38 (to nearest whole number)

Wheeling Inc. uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $5,900. At the end of the year, the balance of Accounts Receivable is $109,000 and the unadjusted debit balance of the Allowance for Doubtful Accounts is $680. Credit sales during the year totaled $168,000. What is the estimated Bad Debt Expense for the current year

Answers

Answer:

$5,220

Explanation:

Given that

Estimated from ageing analysis = $5,900

Unadjusted debit balance of the Allowance for Doubtful Accounts = $680

The calculation of Bad Debt Expense is given below:-

The estimated Bad Debt Expense for the current year = Estimated from ageing analysis - Unadjusted debit balance of the Allowance for Doubtful Accounts

= $5,900 - $680

= $5,220

Therefore for computing the bad debt expenses for the current year we simply applied the above formula.

Suppose Juanita currently allocates 75% of her portfolio to a diversified group of stocks and 25% of her portfolio to risk-free bonds; that is, she chooses combination D. She wants to reduce the level of risk associated with her portfolio from a standard deviation of 15 to a standard deviation of 5. In order to do so, she must do which of the following? Check all that apply.a. Sell some of her stocks and use the proceeds to purchase bonds
b. Accept a lower average annual rate of return
c. Sell some of her bonds and use the proceeds to purchase stocks
d.Place the entirety of her portfolio in bonds

Answers

Answer:

You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.

Explanation:

There is a direct relationship between the risk of Juanita's portfolio and it's average annual return.

Note: Risk and return are directly proportional to each other.

Juanita currently earns a return of 4.5% that is currently she holds portfolio B and she wishes to earn a return of 9.5% that is portfolio D. Then

Sell some of her bonds and use proceeds to buy stocks

Accept more risk.

Suppose, Juanita modifies her portfolio to contain 75% diversified stock and 25% government risk free bond, that is she choose combination D. The average annual return of this type of portfolio is 9.5% but the standard deviation is 15%, the returns will typically (about 95% of the time) vary from a gain of 39.5% to a loss of - 20.5%.

95% confidence = 2 × SD = 2 × 15 = 30

Gain = 9.5 + 30 = 39.5

Loss = 9.5 - 30 = - 20.5

Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the products are as follows: Product 1 Product 2 Product 3 Cost $ 40 $ 110 $ 70 Selling price 100 180 130 Costs to sell 6 80 30

Answers

Answer and Explanation:

Given:

Product 1 Product 2 Product 3

Cost of product $20 $90 $50

Selling price $40 $120 $70

Selling cost $6 $40 $10

Computation:

Product 1 Product 2 Product 3

Product Cost $20 $90 $50

N.R.V ($40-$6)=$34 ($120-$40)=$80 ($70-$10)=$60

Per Unit Inventory Value $20 $90 $50

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On 12/31/10, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/09, the company had reported $555,000 of retained earnings. No shares were repurchased during 2010. How much in dividends did Heaton pay during 2010?

Muddy Meadows Earthmoving can purchase a bulldozer for $147,000. After 7 years of use, the bulldozer should have a salvage value of $50,000. What depreciation is allowed for this asset in Year 4 for.(a) Straight-line depreciation?(b) 150% declining balance depreciation?(c) 40% bonus depreciation with the balance using 5-year MACRS?PLEASE DO NOT USE EXCEL AND SHOW CALCULATIONS1.) a) $13,857; b) $15,676; c) $10,1612.) $13,857; b) $15,676; c) $44663.) $21,000; b) $15,676; c) $10,1614.) $13,857; b) $12,437; c) $10,161

Depletion is: Multiple Choice The process of allocating the cost of natural resources to the period when it is consumed. Calculated using the double-declining balance method. Also called amortization. An increase in the value of a natural resource when incurred. oo The process of allocating the cost of intangibles to periods when they are used.

Your client, Brooke, decides to start saving for her son's college tuition. Her son was born today and will go to college at age 18 for four years. Brooke wants to save until her son's first year of college. Given the following information, what is the present value of the total amount that Brooke needs to have saved at the beginning of her son's first year of college? Current tuition: $15,000 Tuition inflation: 6.5% Brooke's investment return: 10%