Answer:
Trade creation
Explanation:
Trade creation is the process where there is increase in economics welfare as a result of joining a free trade area for example a customs Union.
Consumption experiences a shift from high cost producers to low cost producers causing expansion in trade.
In the given instance due to formation of free trade agreement, high cost plastic production is now replaced with low cost import of plastics from the other company.
There is a shift from high cost producers to low cost producers as a result of trade agreement between the two nations.
Answer:
35% of sales(say $2,000,000) in April
$700,000
Explanation:
Step one :
Assuming that the sales made for April is $2,000,000
According to the conditions in which money is collected 35% of sales made for a month is collected for the month
For april the expected amount
=35/100*2,000,000
=$700,000
Marketing is promoting and selling goods and services. On a national level, it is promoting and selling the outputs or products of one country to another country.
To solve:
Adjusted cash balance = (Cash balance + deposits in transit) - outstanding checks
Cash balance = $7,291
Deposits in transit = $1,350
Outstanding checks = $762
Adjusted cash balance = ($7,291 + $1,350) - $762
Adjusted cash balance = $8,641 - $762
Adjusted cash balance = $7,879
