The United States has given Normal Trade Relations (NTR) status to some 180 countries. In actuality only four countries are excluded from this status which includes all of the following countries except:
A) North Korea.
B) Iraq.
C) Iran.
D) Cuba.
E) Libya.
B
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No matter how hard we resist, we cannot ______.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is true regarding the rugby approach to new product development?
A) The team handling new product development is closely controlled by the top management. B) The new product development process is a linear process where different stages take place sequentially. C) Different teams of experts handle the product development during different stages of the process. D) Members of the development team stay in close touch with external market conditions and continually learn from each other.
The predetermined overhead allocation rate is calculated by dividing ________.
A) the total estimated overhead costs by total number of days in a year B) the estimated amount of cost driver by actual total overhead costs C) the actual overhead costs by actual amount of the cost driver or allocation base D) the estimated overhead costs by total estimated quantity of the overhead allocation base
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:Raw MaterialsBeg Bal5100? 9200? 5300? Work in ProcessBeg Bal4200? 22,300? 6300? 8600? 8400? Finished GoodsBeg Bal2300? 20,500? 22,300? Manufacturing Overhead 2900? 8400? 3600? 3300? Wages & Salaries Payable 20,500?Beg Bal2600? 12,200? Cost of Goods SoldBeg Bal20,500? ?The direct labor cost was:
A. $20,500 B. $11,600 C. $8600 D. $13,400