Answer:
If Brett Thiesen wishes to advocate for regional economic integration to his constituents, he can assert:
E) free trade boosts economic growth, resulting in dynamic trade benefits.
Explanation:
Free trade among neighboring nations is the key to "enhancing economic growth and fostering dynamic trade benefits." As defined by sources, "Free trade signifies a trade practice without limitations on imports or exports." This system facilitated the formation of the European economy, allowing for the adoption of the Euro across various countries. Furthermore, regional free trade promotes not just goods but also the exchange of people, services, and cultural interactions.
Answer:
See below
Explanation:
1.
Actual manufacturing overhead costs incurred
$473,000
Subtract applied manufacturing overhead costs $25 × 19,400
($485,000)
Over-applied overhead
$12,000
2.
Beginning raw materials
$20,000
Plus raw materials purchased
$400,000
Raw materials available for use
$420,000
Minus ending raw materials
($30,000)
Raw materials utilized in production
$390,000
Less indirect materials
($15,000)
Add direct labor costs
$60,000
Add applied manufacturing overhead
$485,000
Total manufacturing costs
$920,000
Add beginning work in process inventory
$40,000
Total work in process inventory
$960,000
Less ending work in process
($70,000)
Cost of goods manufactured.
$890,000
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Explanation:
Answer:
The estimated 90% confidence interval for the average depth of all frames in the consignment ranges from a lower boundary of 105.419 mm to an upper boundary of 106.581 mm.
Explanation:
The confidence interval for the mean is calculated as mean +/- margin of error (E)
mean = 106 mm
sample sd = 3.5mm
n is the sample size = 100
degree of freedom = n-1 = 100-1 = 99
confidence level (C) = 90% = 0.9
significance level = 1 - C = 1 - 0.9 = 0.1 = 10%
the critical value (t) for 99 degrees of freedom at a 10% significance level is 1.6602
E = t × sample sd/√n = 1.6602×3.5/√100 = 0.581 mm
Lower limit of mean = mean - E = 106 - 0.581 = 105.419 mm
Upper limit of mean = mean + E = 106 + 0.581 = 106.581 mm
The 90% confidence interval is (105.419 mm, 106.581 mm)
