There are ________ World Trade Organization countries, including the United States, which account for more than 90 percent of world trade.
A. 37
B. 113
C. 52
D. 97
E. 159
Answer: E
You might also like to view...
Domestic competition typically puts pressure on the prices of international companies
Indicate whether the statement is true or false
While evaluating options in a consideration set, the marketing manager must determine the set of attributes customers use in making purchase decisions. Which of the following methods is not recommended because of the bias introduced?
A) managerial judgement B) focus groups C) systematic survey research D) UPC code analysis
At the end of the accounting period, the correct entry in the general journal to adjust for beginning inventory is to
a. debit Purchases and credit Merchandise Inventory; b. debit Merchandise Inventory and credit Sales; c. debit Purchases and credit Cash; d. debit Merchandise Inventory and credit Income Summary; e. debit Income Summary and credit Merchandise Inventory
Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$92Budgeted unit sales (all on credit): July 9,000August 11,300September 10,400October 10,800? Raw materials requirement per unit of output 4poundsRaw materials cost$1.00per poundDirect labor requirement per unit of output 2.8direct labor-hoursDirect labor wage rate$22.00per direct labor-hourVariable selling and administrative expense$1.50per unit soldFixed selling and administrative expense$70,000per month?Credit sales are collected: 40% in the month of the sale 60% in the following month?Raw materials purchases are paid: 30% in the month of purchase 70% in the
following month?The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following month's raw materials production needs.?The estimated selling and administrative expense for August is closest to: A. $86,950 B. $57,970 C. $70,000 D. $16,950