Here ending inventory is valued by taking variable manufacturing overhead with direct materials, direct labor and direct expenses.
gross profit is calculated as sales cost of goods sold.
determines a lumpsum for fixed overhead costs
in the short run.
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Sat 24-12-2022 12:05 PM
UAE provides household generators to Ukraine in response to difficult winter conditions and power outages
ABU DHABI, 24th December, 2022 (WAM) -- The United Arab Emirates announced today that it is sending about 2,500 household generators to civilians affected by the ongoing crisis in Ukraine that has disrupted energy infrastructure and caused power outages, with the objective of helping them survive the harsh winter conditions.
The assistance comprises 2,500 household generators, each with a power output of between 3.5 and 8 kilowatts. These generators will help the civilians with some of the electricity they require, which will help alleviate the difficult living conditions of crisis-affected families.
Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, said that this aid to Ukraine stems from the UAE's belief in the importance of human solidarity, especially in cases of conflict, and is part of the country's continuous efforts to mitigate the humanitarian repercussions of the Ukrainian crisis.
The UAE will transport approximately 1,200 household generators to the Polish capital, Warsaw today, and will transfer the remaining generators by January.
This support comes within the $100 million humanitarian relief aid allocated by the UAE to the civilians affected by the crisis in Ukraine.
In response to the United Nations Ukraine Flash Appeal and the Ukraine Situation Regional Refugee Response, UAE has taken the initiative since the onset of the crisis to alleviate the suffering of those affected, having flown eight planes carrying 360 tonnes of food supplies, medical aid and ambulances for Ukrainian refugees in Poland, Moldova and Bulgaria.
The UAE was alone in the Gulf Cooperation Council in endorsing the 2015 Russian military intervention in the Syrian Civil War, describing it as against a "common enemy" of the two nations.[4]
During 2017, UAE has sought to drive a wedge between Russia and Iran, which the UAE has a poor relationship with.[5] Along with Saudi Arabia and Israel, the UAE encouraged the United States to remove sanctions on Russia pertaining to its activity in Ukraine in exchange for Russian assistance in ending the Iranian military presence in Syria.[6]
UAE is backing the House of Representatives (Libya) in the Libyan Civil War (2014–present), and Russian mercenary group Wagner Group is working for House of Representatives.
In 2019, UAE purchased $710 million of anti-tank weapons from Russia.[7]
Even though Russia invaded Ukraine, business between the two countries strengthened and many Russian businessmen has flocked to Dubai to purchase properties and invest in the region. Trade between the two countries has doubled to $5 billion over the last three years and they are approximately 4,000 companies with Russian roots that are operating within the country.[8]
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