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3 years ago

Name two arguments that support international trade.

2 answers:

7 0

(Two arguments that support IT) - 1: people will still continuing to vote or trade other countries, 2: people will get good wages with their trades. (Two arguments that do not support IT) - 1: upon their trades, they will get high taxes, 2: some people trades that was stolen from the society. In my opinion the world and the USA are usually similar, in fact USA will eventually hated the IT because the Russians and its friends and at Middle East still continuing and make an agreement to other neighbor countries and the worst part they are still continuing trading weapons, or parts of the nuclear weapon.

Natali [406]3 years ago

3 0

-The two arguments that support international trade are

1. More choice for the consumers

2. Higher efficiency by local producers to compete with international producers

-The two arguments for protectionism, which do not support international trade are

1. Increase the chances of dumping

2. May force local producers out of the market

-International trade can bring about both positive and negative impacts on the world and on USA

On one side it will generate more opportunities for employment, at the same time it will harm those countries which are relatively poor and do not have as advanced resources as the rest of the world.

It will also cause the currency of USA to fluctuate causing economic problems.

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Below are several transactions for Scarlet Knight Corporation. A junior accountant, recently employed by the company, proposes t

hram777 [196]

Answer:

Scarlet Knight Corporation

Posting of transactions:

1. Owners invest $5,500 in the company and receive common stock. Common Stock 5,500 Cash 5,500

Wrong. Correct Posting: Cash 5,500 Common Stock 5,500

2. Receive cash of $2,100 for services provided in the current period. Cash 2,100 Service Revenue 2,100

Correct.

3. Purchase office supplies on account, $110. Supplies 110 Cash 110

Wrong. Correct Posting : Supplies 110 Accounts Payable 110

4. Pay $410 for next month's rent. Rent Expense 410 Cash 410

Wrong. Correct Posting: Rent Prepaid 410 Cash 410

5. Purchase office equipment with cash of $1,250. Cash 1,250 Equipment 1,250

Wrong. Correct Posting: Equipment 1,250 Cash 1,250

Explanation:

1. Owners invest $5,500 in the company and receive common stock. Cash is increased and Common Stock increased by $5,500.

2. 2. Receive cash of $2,100 for services provided in the current period.

Cash is increased and Service Revenue increased by the same amount.

3. Purchase office supplies on account, $110.

No cash payment is involved with this transaction since it was on account. The accounts involved and which increased by $110 are Supplies and Accounts Payable.

4. Pay $410 for next month's rent. The amount is for next month. As such no Rent Expense account is involved. Instead, the accounts involved are Rent Prepaid and cash. While Rent Prepaid increases, Cash is reduced.

5. Purchase office equipment with cash of $1,250. Equipment received value and will increase by $1,250 while Cash gave value and will reduced by $1,250 and not vice versa.

6 0

3 years ago

How can money in a savings account grow

Masteriza [31]

The bank puts interest in your account because they take sum of it to loan to ppl and it’s goes through a lot and comes back to your account and then sum

7 0

2 years ago

Conservatives and liberals have very different views on healthcare reform. A news station places a story featuring the conservat

Aliun [14]

A. Bias by placement, because bias by labeling would be something to the effect of calling the liberals point of view uneducated, or giving there view some negative label, bias by omission would mean completely ignoring the other side, and not covering it at all, whereas all the other ones don't really fit, bias by placement is something to the effect of airing one side in the morning, while everyone is watching, and airing the other one after everyone is asleep, which is what is done here, which we know by the sentence "liberal point of view at the end."

3 0

3 years ago

Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 110 $46 Mar.

Rama09 [41]

Answer:

The answer is: Gross profit = $2,788

Explanation:

Feb. 1 Purchase 110 units $46 per unit
March 14 Purchase 190 units $48 per unit
May 1 Purchase 135 units $ 50 per unit

312 units were sold at $64 per unit, tax rate is 30%

Using FIFO, what is the company's gross profit? We first calculate COGS

Cost of goods sold - 312 units:

110 units at $46 per unit = $5,060
190 units at $48 per unit = $9,120
60 units at $50 per unit = $3,000

Total COGS = $17,180

Income statement for Hogan Industries 2017

Total revenue $19,968

COGS ($17,180)

Gross profit $2,788

Taxes 30% ($836.40)

Net profit $1,951.60

6 0

2 years ago

Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insuran

rjkz [21]

Answer: $7200

Explanation:

From the question, we are informed that most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,700 worth of jewelry and $6,000 worth of silverware were stolen from a family.

The amount of claim that would not be covered by the insurance will be:

= ($4,700 - 1,000) + ($6,000 - 2,500)

= $3,700 + $3,500

= $7,200

8 0

3 years ago