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2 years ago

Which statement describes a benefit of international trade

2 answers:

7 0

Countries gain from exchange when trade enables each country to receive a higher price for exported goods and/or pay a lower price for imported goods. This leads to more efficient resource allocation and allows consumption of a larger variety of goods.

Sergio [31]2 years ago

4 0

Answer:

For PLATO Users, the correct answer is:

"From then on, aromatic rice exports make up 40% of Chawalia's annual GDP."

Hope this helps! Please crown me Brainliest, don't be afraid!

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Wood Incorporated factored $165,600 of accounts receivable with Engram Factors Inc. on a without recourse basis. Engram assesses

ruslelena [56]

Answer:

The journal entries are shown below:

Explanation:

Cash $149,040

Due from factor $11,592 ($165,600 × 3%)

Loss on sale of receivables $4,968 ($165,600 × 3%)

To Account receivable $165,600

(Being the factoring of account receivable is recorded)

Account receivable $165,600

To Due from factor $11,592 ($165,600 × 3%)

To Cash $149,040

To Gain on sale of receivables $4,968 ($165,600 × 3%)

(Being the factoring of account receivable is recorded)

Only these entries are passed

5 0

3 years ago

Spencer Chemical Corporation produces an oil-based chemical product which it sells to paint manufacturers. In 2019, the company

Snowcat [4.5K]

Answer:

Total incremental net income = $28,000

Incremental per gallon increase in net income = $0.70 per unit

Explanation:

a. The preparation of incremental statement to find out the increase in net income

Total production $140,000

Less:

Incremental cost

Direct material $68,000

($1.70 × 40,000 gallons)

Direct labor $24,000

($0.60 × 40,000 gallons)

Variable manufacturing

overhead $20,000

($0.50 × 40,000 gallons)

Total incremental cost ($112,000)

Total incremental net income $28,000

b. Incremental per gallon increase in net income = Total incremental net income ÷ Total quantity

= $28,000 ÷ 40,000 gallons

= $0.70 per unit

Therefore the total incremental net income is $28,000 and incremental per gallon increase in net income is $0.70 per unit.

5 0

2 years ago

Crane purchases equipment by signing a note payable with the equipment dealer for $10,000. The accounts affected for Crane are _

maxonik [38]

Answer:

Equipment and notes payable

Explanation:

Since the equipment is purchased by signing the note payable which affected the two accounts i.e equipment and the note payable. In this, the cash transaction is not involved, so cash should not be considered

The journal entry would be

Equipment A/c Dr $10,000

To Notes payable $10,000

(Being the equipment is purchased by signing a note payable)

7 0

2 years ago

The Tidewater State Bank has $1000 in total assets (all of which are earning assets), $700 of which will be replaced with in the

Nesterboy [21]

Answer:

4.6%

Explanation:

The computation is shown below:

= (Interest on assets - Interest on liabilities) ÷ (Total earning assets)

where,

Interest on assets = (8% + 2% × $700) + 8% × $300

= $70 + $24

= $94

Now the interest on liabilities equal to

= 5% × 400 + (5% + 2% × 400)

= $20 + $28

= $48

So, the net interest margin equal to

= ($94 - $48) ÷ ($1,000)

= 4.6%

5 0

2 years ago

Dane is a stockholder in smallworld, inc., a c corporation that manufactures amusement park rides. the company recently lost a m

Georgia [21]

Dane and the other stockholders will lose their investments but nothing else. Because Dane and others are stockholders in this company, they will lose the money that they had invested in the company and they will no longer receive any dividend from the company again because the company has gone bankrupt. Dane and others are not liable for other debts that had been acquired by the company.

7 0

2 years ago