The U.S. law granting trade preferences to imports from the island nations of the Caribbean and Central America is called:

A) The Caribbean GSP Act
B) The Latin American Free Trade Act.
C) The Lome Convention.
D) The Caribbean Basin Economic Recovery Act.


Ans: D) The Caribbean Basin Economic Recovery Act.

Business

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Benitez Company currently outsources a relay switch that is a component in one of its products. The switches cost $20 each. The company is considering making the switches internally at the following projected annual production costs:   Unit-level material cost$3 Unit-level labor cost$2 Unit-level overhead$1 Batch-level set-up cost (5,000 units per batch)$25,000 Product-level supervisory salaries$37,500 Allocated facility-level costs$20,000  The company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space currently being leased to another company for $1,500 a month. If the company decides to make the parts, total costs will be:

A. $27,000 less than if the switches are purchased. B. $30,500 more than if the switches are purchased. C. $10,500 more than if the switches are purchased. D. $20,000 less than if the switches are purchased.

Business

Cost accounting is directed toward the needs of

a. regulatory agencies. b. external users. c. internal users. d. stockholders.

Business

Which of the following is true of the Health Care Reform Act?

A) Excise taxes for pharmaceuticals are reduced. B) Employers of big corporations are given subsidies for providing health insurance to their employees. C) All employers are mandatorily required to provide health insurance coverage to their employees. D) Persons who do not obtain coverage will be required to pay a tax penalty to the federal government.

Business

Carbonless forms are distinctly advantageous for the following reasons: they make easy the detection of erasures on forms, and disposal of carbons is not a concern

Indicate whether the statement is true or false.

Business