Can import duties have unintended side effects? Describe one example.
What will be an ideal response?
Yes. Duties may discourage a company from importing goods in amounts large enough to take advantage of quantity discount pricing. Also, up-front payment of these duties may impose financial hardships on importers. For example, if the United States stops importing foreign manufactured microchip processors and instead relies on domestic production, the result could be inefficient production. This could lead to an increase in consumer prices of electronics which use the processor.
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No meeting should be called unless the topic is important, can't wait, and requires an exchange of ideas
Indicate whether the statement is true or false
KyoTek and an employee are in a dispute that they have not been able to resolve. They have taken their case to Judge Forner, a retired judge, and have agreed to abide by Judge Forner's decision. In this scenario, Judge Forner is an arbiter.
Answer the following statement true (T) or false (F)
Gill Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost
At the beginning of the year, Gill estimated total manufacturing overhead costs at $1,010,000 and total direct labor costs at $840,000. In June, Gill completed Job 511. The details of Job 511 are shown below. (Round to 2 decimal places.) Direct materials cost $23,500 Direct labor cost $13,000 Direct labor hours 300 hours Units of product produced 500 units How much was the total job cost of Job 511? (Round any percentages to two decimal places and your final answer to the nearest dollar.) A) $36,860 B) $52,100 C) $64,700 D) $37,100
The Internet is not very useful for firms that want to target government markets.
Answer the following statement true (T) or false (F)