competition between buyers and sellers regarding what are the best prices the sellers could offer‚ and the amount of money the buyer is willing to pay. In addition‚ Ferrari’s cost so much in America because it is an international product‚ it is not produced within American’s sources. Also‚ According to an Ferrari specialist: Ferraris costs so much because of “high quality leather‚ detailed stitching on the interior‚ high tech materials such as the super lightweight and super strong carbon fiber for
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standard. In this case‚ manufacturers sold young children pajamas which contained dangerous chemical Tris that could harmful children’s health. The second example is the manufacturers who sold 450‚000 baby pacifiers that can cause death with choking and selling U.S banned pesticides and drugs. Dumping has raised a moral issue that those manufacturers want to avoid the profit loss. Even though they know that those products can harm people’s health and safety‚ they still sold to overseas and claimed that people
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Flexible Budgets Team ACC/543 Professor Deborah Fitzgerald Thomas University of Phoenix 2010 Team B‚ You have done a great job on the assignment. I have noted some minor issues to help you on future assignments. Abstract The purpose of this paper is to give an overview of the budget process. It analyzes flexible budgets‚ discusses the relationship between fixed and variable cost‚ explores the differences between static and flexible budgets‚ and how budgets assist in the cost-volume-profitability
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and services produced within a country in a given time period. * Market value- not counting items but the value they have ex. 100 oranges=$20‚ 50 apples=$5 so market value=$25 * Final goods and services- * Final good: an item bought by its final user during specific time period ex. Truck is a final good * Intermediate good: produced by one firm then used as component of another ex. Michelin tires * Produced within a country- only goods and services produced within a count
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GM545_QUIZ_1 1. | Question : | (TCO A) There is a decrease in the cost of labor for producing bicycles. (4 pts.) What happens to bicycle supply? (6 pts.) What happens to bicycle demand? | | | Student Answer: | | Nothing happens to supply‚ but demand will increase becasuse there will be an decrease in the price of the bicycles. | | Instructor Explanation: | Since a change in costs to produce the product is a supply factor‚ a decrease in costs would be expected to increase bicycle
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CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level ACCOUNTING PAPER 1 Multiple Choice 9706/1 MAY/JUNE SESSION 2002 1 hour Additional materials: Multiple Choice answer sheet Soft clean eraser Soft pencil (type B or HB is recommended) TIME 1 hour INSTRUCTIONS TO CANDIDATES Do not open this booklet until you are told to do so. Write your name‚ Centre number and candidate number on the answer sheet in the spaces provided
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| Question : | (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2‚250‚000 and direct labor hours are budgeted at 415‚000 hours. Actual overhead was $2‚200‚000 and actual direct labor hours worked were 422‚000. (a) Calculate the predetermined overhead rate. (b) Calculate the overhead applied. (c) Determine the amount of overhead that is over/underapplied. | | | Student Answer:
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expenditure c) that the expenditure of an economy exceeds its income d) that money “flows” from households to firms and not the other way around For Questions 5 and 6 use the data from Table 1: Table 1 Hours needed to make one unit of: Amount produced in 1000 hours: Beef Wine Beef Wine Canada 2.5 5 400 200 Argentina 1 4 1000 250 5. According to the data in Table 1: a) Canada has an absolute advantage in both beef and wine b) Argentina has a comparative advantage in both beef
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(5GB of first product that was almost 40-80 times bigger capacity than other standard products (64-128MB) 2 and stylish design of scroll wheels. Differentiated products have been developed constantly to satisfy and attract customer’s needs having produced 5 categories and 39 products so far since the success launching of first ipod‚ the duration of next product releasing in the market is estimated only 4~6 months on average to provide new features such as pictures‚ colours‚ videos‚ nano‚ mini‚ touch
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town to town and cooking batches of chicken for restaurant owners and employees. The Colonel awarded Pete Harman of Salt Lake City with the first KFC franchise. A handshake agreement stipulated a payment of a nickel to Sanders for each chicken sold. Sanders sold his interest in the U.S. company for $2 million to a group of investors headed by John Y. Brown Jr.‚ future governor of Kentucky. The Colonel remained as public spokesman for the company. In 1966‚ the KFC went public. KFC was listed on the New
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