Given free trade, small nations tend to benefit the most from trade since they
a. are more productive than their large trading partners.
b. are less productive than their large trading partners.
c. have demand preferences and income levels lower than their large trading partners.
d. enjoy terms of trade lying near the opportunity costs of their large trading partners.
d. enjoy terms of trade lying near the opportunity costs of their large trading partners.
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What will be an ideal response?
Companies provide cash discounts to customers for early payments to speed up the collection period.
Answer the following statement true (T) or false (F)
Departmental overhead rates may not correctly assign overhead costs due to:
A. overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity of production. B. the high correlation between direct labor-hours and the incurrence of overhead costs. C. the use of direct labor hours in allocating overhead costs to products rather than machine time or quantity of materials used. D. difficulties associated with identifying cost pools for the first stage of the allocation process.
A(n) ________ reflects the total of salary/wages, bonuses, benefits, and employer paid costs in an employee's pay.
A) Financial position report B) Employee analysis report C) Form EM-42 D) Total compensation report