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maw [93]
3 years ago
14

Which of the following was not one of the purposes of the Single European Act? A. Remove all frontier controls between EU countr

ies B. Remove the principle of "mutual recognition" as it pertains to product standards C. Open public procurement to nonnational suppliers D. Lift barriers to competition in the EC’s retail banking and insurance businesse
Business
2 answers:
kirill [66]3 years ago
5 0

Answer:

B) Remove the principle of "mutual recognition" as it pertains to product standards

Explanation:

SIZIF [17.4K]3 years ago
3 0

Answer: B. Remove the principle of "mutual recognition" as it pertains to product standards

Explanation:The Single European Act was an act with the purpose of having one single market. This market refers to the European Union as one body without any internal borders, regulatory obstacles etc. to the free movement of goods and services thereby stimulating competition, trade, improved efficiency, quality, and price cuts and to add new momentum to European integration and to complete the internal market.

One of the purpose of the act was to apply (not remove) the principle of "mutual recognition" to product standards which should be accepted across the Union, provided it met basic requirements in such matters as health and safety.

Others include to move all frontier controls among countries; institute open public procurement to nonnational suppliers; lift barriers to competition in the retail banking and insurance businesses; remove all restrictions on foreign exchange transactions between member countries; and to abolish restrictions on cabotage.

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An annuity will pay $1000 per year for 10 years, starting five years after today. What is the present value (PV) of this annuity
vodka [1.7K]

Answer:

$5,007.72

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator.

Cash flow each year from year one to five = 0

Cash flow each year from year six to fifteen = $1000

I = 7%

Present value = $5,007.72

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

7 0
3 years ago
Amelia loves to splurge on clothes. However, when she was out shopping the other day, Amelia bought much less than she usually d
zepelin [54]

Answer:

The correct answer is letter "B": Consumer's buying power.

Explanation:

The consumer's buying power is the total amount of money the customer has to acquire goods or services whether out of cash, checking accounts or credit cards that the person possesses. It is the value of money in terms of the capacity it could buy at a specific time.

In the example, Amelia's buying power was reduced since she forgot her credit card at home being that the reason why she purchased lesser clothing than usual.

4 0
3 years ago
Schwert Corp. shows the following information on its 2019 income statement: sales = $235,000; costs = $147,000; other expenses =
Usimov [2.4K]

Answer:

a. $62,915

b. $17,000

c. $5,500

d. $2,915

Explanation:

a. The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,  

EBIT = Sales - cost of good sold - other expenses - depreciation expense  

=  $235,000 - $147,000 - $7,900 - $17,500

= $62,600

And all other items would remain same

Now put these values to the above formula  

So, the value would equal to

= $62,600 + $17,500 - $17,185

= $62,915

b. The computation of the cash flow to creditors is shown below:

= Interest expense - ending balance of long term debt + beginning balance of long term debt  

= $13,500 - (-$3,500)

= $17,000

c. The computation of the cash flow to stockholder is shown below:

= Dividend expense - new equity

= $10,500 - $5,000

= $5,500

d. Computation of the addition to the net working capital is shown below:

The computation of the cash flow from assets = cash flow to creditors + cash flow to stockholders

= $17,000 + $5,500

= $22,500

Now addition to NWC = Operating cash flow - cash flow from assets - net capital spending

= $62,915 - $22,500 - ($20,000 + $17,500)

= $2,915

8 0
3 years ago
Select the correct answer.
MAVERICK [17]

Answer:

A.

Explanation:

7 0
2 years ago
Read 2 more answers
Which of the following firms has a high-performance culture? a. Rexot Bron Inc., a start-up firm that neither focuses on achievi
dsp73

Answer:

"C"

Explanation:

A high performance culture is a set of laid down rules (culture ) that an organization observe to achieve outstanding results (performance ) with the primary aim of getting an edge over competitors. It guides the daily activities of employees.

The four major attributes of a high performance culture are Strong leaders , employees involvement , continuous learning environment and flexibility  .

The corporate values of the organization is paramount and every action must be directed towards its achievement.                                                                                                                                      

3 0
2 years ago
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