Question
In: Economics
What is meant by Blood Diamonds (or conflict diamond)?
What is meant by Blood Diamonds (or conflict diamond)?
Solutions
Expert Solution
Solution:-Blood Diamonds are commonly known as conflict diamond and its defined by the UN.Any diamondthat is mined in areas controlled by forces opposed to the legitimate, internationally recognized government of a country and that is sold to fund military action against that government.The very specific UN definition of blood diamonds was formulated during the 1990s, when brutal civil wars were being waged in parts of western and central Africa by rebel groups based in diamond-rich areas of their countries. Three specific conflicts in Angola, the Democratic Republic of the Congo, and Sierra Leone directed world attention to the destructive role of diamonds, though the problem arose in other countries as well. Rough diamonds mined in rebel-controlled areas were sold directly to merchants or were smuggled into neighbouring countries, where they were merged into stocks of legitimately mined diamonds and then sold on the open market. Proceeds from diamond sales were used to buy arms and war matériel for the rebel groups, some of which conducted extremely violent campaigns that brought great suffering to civilians.
Rahul Sunny answered 2 years agoRelated Solutions
Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for...
Dime a Dozen Diamonds makes synthetic diamonds by treating
carbon. Each diamond can be sold for $140. The materials cost for a
standard diamond is $60. The fixed costs incurred each year for
factory upkeep and administrative expenses are $214,000. The
machinery costs $2.1 million and is depreciated straight-line over
10 years to a salvage value of zero.
a. What is the accounting break-even level of
sales in terms of number of diamonds sold? (Do not round
intermediate calculations.)
b....
Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for...
Dime a Dozen Diamonds makes synthetic diamonds by treating
carbon. Each diamond can be sold for $140. The materials cost for a
standard diamond is $60. The fixed costs incurred each year for
factory upkeep and administrative expenses are $214,000. The
machinery costs $2.1 million and is depreciated straight-line over
10 years to a salvage value of zero.
a. What is the accounting break-even level of
sales in terms of number of diamonds sold? (Do not round
intermediate calculations.)
b....
Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for...
Dime a Dozen Diamonds makes synthetic diamonds by treating
carbon. Each diamond can be sold for $120. The materials cost for a
standard diamond is $40. The fixed costs incurred each year for
factory upkeep and administrative expenses are $212,000. The
machinery costs $2.2 million and is depreciated straight-line over
10 years to a salvage value of zero.
a. What is the accounting break-even level of
sales in terms of number of diamonds sold? (Do not round
intermediate calculations.)
b....
Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for...
Dime a Dozen Diamonds makes synthetic diamonds by treating
carbon. Each diamond can be sold for $100. The materials cost for a
standard diamond is $50. The fixed costs incurred each year for
factory upkeep and administrative expenses are $201,000. The
machinery costs $1.1 million and is depreciated straight-line over
10 years to a salvage value of zero.
a. What is the accounting break-even level of
sales in terms of number of diamonds sold? (Do not round
intermediate calculations.) Break-even...
Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for...
Dime a Dozen Diamonds makes synthetic diamonds by treating
carbon. Each diamond can be sold for $120. The materials cost for a
standard diamond is $60. The fixed costs incurred each year for
factory upkeep and administrative expenses are $204,000. The
machinery costs $1.5 million and is depreciated straight-line over
10 years to a salvage value of zero.
Looking to get a better understadning of this question, so that
it can be solved. thank you!
Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for...
Dime a Dozen Diamonds makes synthetic diamonds by treating
carbon. Each diamond can be sold for $100. The materials cost for a
standard diamond is $40. The fixed costs incurred each year for
factory upkeep and administrative expenses are $220,000. The
machinery costs $1.4 million and is depreciated straight-line over
10 years to a salvage value of zero.
a. What is the accounting break-even level of
sales in terms of number of diamonds sold? (Do not round
intermediate calculations.)
b....
Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for...
Dime a Dozen Diamonds
makes synthetic diamonds by treating carbon. Each diamond can be
sold for $100. The materials cost for a standard diamond is $50.
The fixed costs incurred each year for factory upkeep and
administrative expenses are $207,000. The machinery costs $1.1
million and is depreciated straight-line over 10 years to a salvage
value of zero.
a.
What is the accounting break-even level of sales in terms of number
of diamonds sold? (Do not round intermediate
calculations.)
b....
Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for...
Dime a Dozen Diamonds makes synthetic diamonds by treating
carbon. Each diamond can be sold for $160. The materials cost for a
standard diamond is $60. The fixed costs incurred each year for
factory upkeep and administrative expenses are $218,000. The
machinery costs $2.1 million and is depreciated straight-line over
10 years to a salvage value of zero.
a. What is the accounting break-even level of
sales in terms of number of diamonds sold? (Answer in
diamonds-per-year. Do not round...
TOPIC: BLOOD DIAMOND 1. What is the responsibility of diamond corporations and retailers to ensure that...
TOPIC: BLOOD DIAMOND
1. What is the responsibility of diamond corporations and
retailers to ensure that they are dealing with conflict-free
diamonds?
2. What provisions do you think would make the Kimberly Process
more effective?
3. How could governments better enforce the Kimberly
Process?
4. Should diamond industries be self - regulating?
5. What do you think the diamond industry should do to ensure
that all diamonds are conflict-free?
6. What steps do you think activists and consumers can take...
. What is meant by the terms policy agreement and policy conflict?
. What is meant by the terms policy agreement and policy
conflict?
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