A common market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.
<h3>Why was the common market formed?</h3>
Through the removal of the majority of trade barriers and the development of a unified external trade strategy, the EEC was created with the goal of establishing a common market among its members. In order to shield EEC farmers against agricultural imports, the treaty also called for the creation of a unified agricultural policy, which was implemented in 1962.
A free trade zone with a reasonably unrestricted circulation of goods and services is referred to as a common market. When it was a regional organization from 1958 to 1993, the European Economic Community was known as the "Common Market."
In a customs union, all or almost all of a country's imports, exports, and transiting commodities are subject to the same set of processes, regulations, and tariffs. Customs union participants typically have similar trade and competition laws.
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Answer:
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
Explanation:
Preparation of the adjusting entry that the company should make at the end of the current year to record its estimated bad debts expense
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
($31,500+$900)
( To record its estimated bad debts expense)
Estimated Bad debts expense =Account receivables + Debit balance
Estimated Bad debts expense= $31,500 + 900
Estimated Bad debts expense=$32,400
Answer:
0.88 year and 1 year
Explanation:
The computation of the payback period for Payback period for Project A and Project B is shown below:
Payback period = Initial investment ÷ Net cash flow
For Project A
Initial investment = $22,000
Year 1 = $25,000
Since the initial investment is less than the annual cash flows so the payback period is
= 0 years + ($22,000 ÷ $25,000)
= 0.88 years
For Project B
Initial investment = $22,000
Year 1 = $22,000
So, the payback period is
= $22,000 ÷ $22,000
= 1 year
Answer:
C. $3,687.
Explanation:
amount of the adjusting entry for Uncollectibleminus−Accounts Expense
= $6,622 - $2,935
= $3,687
Therefore, The amount of the adjusting entry for Uncollectibleminus−Accounts Expense is $3,687.
Answer:
They must disclose that they are entitled to having access to the medical record of the subject. This is usually disclosed in the form of an informed consent that provides access to the auditor, monitor, regulatory authorities and IRB/IEC. This is usually for verification purposes of the data and procedures used in the research. No confidentiality or data violation issues outside the law may arise by this consent.
Explanation:
