<span>A lack of trust between two parties engaged in international trade is exacerbated by the </span><span>problems of using an underdeveloped international legal system to enforce contractual obligations. When a strong internal legal system is put place, there is a better chance for trust to be held in trading. When doing international trade both parties need to understand their roles and responsibilities and hold up to the end of the deal. Without trust it's likely the two countries will stop trading with one </span>another.
Answer:
<u>The actual direct labor hours are 45,000.</u>
<u>The overhead rate for Year 2 is $1.74.</u>
Explanation:
Compute the actual direct labor hours:
<u>Therefore, the actual direct labor hours are 45,000.</u>
Compute the overhead rate for Year 2:
<u>Therefore, the overhead rate for Year 2 is $1.74.</u>
<u />
Working note:
Calculate the overhead rate for Year 1:
Answer: 2.72%
Explanation:
An annuity is a series of payments that is made at equal intervals. Examples are monthly home mortgage payments, regular deposits to a savings account, pension payments.
Number of payment period (NPER) = 12 years
Payment per period (PMT) = $15000
Amount needed, PV = $156000
The formula for an annuity is calculated as:
P = PMT x ((1 – (1 / (1 + r) ^ -n)) / r)
= Rate(12,15000,-156000,1)
Rate = 2.72%
To delve into the underlying meaning of the terms, "stockholder" technically means the holder of stock, which can be construed as inventory, rather than shares. Conversely, "shareholder" means the holder of a share, which can only mean an equity share in a business. Thus, if you want to be picky, "shareholder" may be the more technically accurate term, since it only refers to company ownership.
Answer:
Explanation:
1. Prepaid Expenses: In this transaction, the collection is made in advance so it will be come under prepaid expenses
2. Prepaid Expenses: In this transaction, the office supplies are used in the next period, so it will be treated as prepaid expenses
3. Accrued revenues: The subscription revenue is already earned, so it will be treated as a accrued revenues
4. Accrued revenues: The rent is earned but not collected, so it will be treated as a accrued revenues
5. Accrued Expenses: As the expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses
6. Accrued Revenues: As the revenue is earned but not yet collected or recorded so, it will be treated as an accrued revenues
7. Accrued Expenses: As the interest expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses
