Ask question

Ask question

All categories

2 years ago

15

True or False: Reducing trade restrictions, thereby increasing access to more economical foreign goods, would increase the prosp

erity of citizens in the United States.

1 answer:

Zolol [24]2 years ago

6 0

The answer is true. because if the government allow trades to take place people would be able to exchange goods from countries to countries.

You might be interested in

____ Do they need engage with this work or is it entirely voluntary? Do they have a direct investment in having access to this i

tigry1 [53]

Answer: Dynamic of need

Explanation: There are two words of importance here. Dynamic and need.

Dynamic: when a person, place, or thing is energetic and active, this is know as being dynamic.

When something is dynamic it goes through a lot of process. Example: Someone with a dynamic personality is usually funny.

Need: to require something because it’s important or very essential.

Dynamic of need is when you have a active need of things, this things can be information which are very essential.

8 0

2 years ago

Judy is a cash basis attorney. This year, she performed services in connection with the formation of a corporation and received

inn [45]

Answer:

Judy must recognize $4,000 of gross income from the stock for the current year.

True

Explanation:

When you receive stock in lieu of cash for payment for services rendered. you'll first owe income tax based on the value of the stock at that time.

5 0

2 years ago

The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest

vlada-n [284]

Answer:

value

Explanation:

Opportunity cost or implicit is the value of the option forgone when one alternative is chosen over other alternatives.

For example, if I leave by job where i earn $100,000 per year to study economics in college. My opportunity cost is $100,000. This is the amount i would have been earning if i didn't go to college

5 0

2 years ago

You are a U.S. investor who purchased British securities for 2,340 pounds one year ago when the British pound cost $1.52. No div

Olin [163]

Answer:

Total Return = 10.45%

Explanation:

To calculate the return, we must first determine the appreciation in the value of the securities in terms of the US dollar.

The initial investment in terms of US dollar was of,

Initial Investment in USD = Investment in Pounds * Exchange rate

Initial Investment in USD = 2340 * 1.52

Initial Investment in USD = $3556.8

The current value of the investment in terms of USD is,

Current value of investment in USD = 2440 * 1.61

Current value of investment in USD = $3928.4

The formula to calculate total return is,

Total Return = (Current Value - Initial Value) / Initial Value

So, the total return based on US dollars was:

Total return = (3928.4 - 3556.8) / 3556.8

Total Return = 0.10447 or 10.447% rounded off to 10.45%

6 0

2 years ago

Maxie's Game World sold games to a customer on credit for $2,600, terms 1/10, n/30 and the cost of the games was $1,700. When re

aleksandrvk [35]

Answer:

$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.

Explanation:

If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:

Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30

Dr Accounts receivable 2,600

Cr Sales revenue 2,600

Dr Cost of goods sold 1,700

Cr Merchandise inventory 1,700

7 0

2 years ago