Please do not give me the answer from the internet. Please give me your own answ
ID: 1166868 • Letter: P
Question
Please do not give me the answer from the internet. Please give me your own answer. I found lots of the same answer on Chegg for this question.
U.S. pineapple producers alleged that producers of canned pineapple from the Philippines were selling their canned pineapple in the United States for less than its fair market value (dumping). The Philippine producers also exported other products, such as pineapple juice and juice concentrate, which used separate parts of the same pineapple used for the canned pineapple. All these products shared raw material costs, according to the producers’ own financial records. To determine fair value and antidumping duties, the plaintiffs argued that a court should calculate the Philippine producers’ cost of production and allocate a portion of the shared fruit costs to the canned fruit. The result of this allocation showed that more than 90 percent of the canned fruit sales were below the cost of production. Is this a reasonable approach to determining the production costs and fair market value of canned pineapple in the United States? Why or why not?
Explanation / Answer
Answer-Yes, such is a real looking approach after remember about the producers’ financial records, which are fairly meditative of their expenses because theirs ordinary divide methodologies have been back because of a quantity concerning years. These archives are traditionally relied over in accordance with existing necessary pecuniary statistics after shareholders, lenders, action authorities, auditors, or vile third parties. Provided to that amount the producers’ information yet books consent along normally ordinary accounting concepts yet were established with the aid of impartial auditors, such is lifelike in accordance with uses to them according to decide the production charges or fair demand price regarding canned pineapple of the United States.