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Irina18 [472]
3 years ago
8

Smaller nations may seek safe haven trading arrangements with larger nations when future access to that market seems uncertain.

this was reason for the formation of
Business
1 answer:
Svetlanka [38]3 years ago
8 0

<span>This was the reason for the formation of NAFTA.
NAFTA stands for </span>North American Free Trade Agreement and this agreement was signed by Canada, Mexico, and the United States by developing a trilateral trade bloc in North America. The <span>North American Free Trade agreement came into force on January 1, 1994.</span>

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How to study using a 450 pg online college textbook in which you are asked detailed questions and scenarios.. It's overwhelming.
ArbitrLikvidat [17]

Answer:

Explanation:

There are many things in life that will seem overwhelming due to the how large and complex all of the data may be. The best way to get through these moments is to divide the task into smaller parts and sit down and dedicate time to it. For such a textbook divide the total amount of pages and read a little bit at a time, take breaks, reflect on what you have read, answer practice questions, and continue to the next group of pages. You will see after getting started that it is not as overwhelming anymore.

7 0
3 years ago
A company started the year with $10,000 of inventory. Purchases for resale during the year were $20,000. Inventory on December 3
Monica [59]

The inventory indicates that the cost of goods sold will be $25000.

<h3>How to calculate the cost of goods sold</h3>

It should be noted that the cost of goods sold ic calculated through the formula:

= Opening inventory + Purchases - Closing inventory

= $10000 + $20000 - $5000

= $25000

Therefore, the cost of goods sold is $25000.

Learn more about inventory on:

brainly.com/question/24868116

7 0
3 years ago
A company purchased inventory for $ 2 comma 000 from a vendor on​ account, FOB shipping​ point, with terms of 2​/10, ​n/30. The
Flauer [41]

Answer:

Inventory would be 1, 768

Explanation:

2,000  goods

 +200  freight-in (A)

  -400  returned goods

 <u>   -32 </u> discount (B)

1, 768 net amount for inventory

<u>Notes:</u>

(A) The freight-in will be included in the inventory, as is a cost needed to have the inventory in the company's possession and be ready to use or sell.

(B) goods x discount rate

net goods 2,000 - 4,00 return = 1,600

discount for payment within 10 days 2%

Discount on purchase: 1,600 x 2% = 32

8 0
4 years ago
The following terms relate to the fundamental qualities of useful information. Match the key letter of the correct term with the
Bumek [7]

Answer:

1. Providing information that is not biased toward one position or another.

  • c. Neutral

As an accountant, you cannot prepare, record or select information in order to favor someone's personal interests.

2. Providing information before it loses its capacity to influence decisions.

  • d. Timely

Information must be available when it can influence future decisions. E.g. having a 2010 cost report today is useless if you are preparing next year's  budget.

3. Providing information that is proven to be free from error.

  • b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

4. Providing information that would make a difference in a business decision.

  • g. Relevant

Relevant information should be material and be either predictive or confirmatory.

5. Provide information that accurately depicts what really happened.

  • b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

6. Providing information that confirms or corrects prior decisions.

  • a. Confirmatory value

It can be used to check, confirm or correct prior reports or evaluations.

7 0
3 years ago
Culver Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2017: Cash $8,220, Land $40,8
Dovator [93]

Answer:

See explanation Section

Explanation:

             Culver Corporation

 Balance Sheet (Current Asset only)

        As at December 31, 2017

Particulars                         $                         $

Cash                                                        $8,220                

Accounts Receivable $97,530

Less: Allowance for

<u>Doubtful Accounts       (4,520)           </u>   $93,010

Prepaid Insurance                                   $6,040

Inventory                                                $34,900

<u>Equity Investments                                  $13,510</u>

Current Assets                                     $155,680

Note: As equity investment will be sold in the next year, it is shown as current assets. Land and patents are property, plant, and equipment.

8 0
3 years ago
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