All categories

3 years ago

"________ is an area that allows member states to freely move components of production such as capital and labor across borders"

Business

1 answer:

Ne4ueva [31]3 years ago

4 0

Answer: Common Market

Explanation:

Common market is also a type of economic integration. The economic integration ranges from Preferential trade agreement, free trade agreement, custom unions, common market and economic union.

The countries cooperate with each other by initiating these types of economic integration.

Common market is a category of economic integration where there can be a free flow of factors of production such as capital and labor between the nations. There is a free movement of capital and labor among trading partners. Common market is a area where group of countries work together to encourage trade by removing tariffs for their member countries.

You might be interested in

If you are the driver or owner of a vehicle which is in a crash that is your fault, and you are not insured in compliance with t

Fantom [35]

I believe the answer to your question is C.

Hope I helped! Plz mark brainliest! Have a great day!

4 0

3 years ago

Read 2 more answers

On October 1, Sponge Bob, Inc. received $240 up front from a customer for a yearly magazine subscription. Magazines are provided

ddd [48]

Answer:

Oct 1 Cash $240 Dr

Unearned Subscription Revenue $240 Cr

Dec 31 Unearned Subscription Revenue $60 Dr

Subscription Revenue $60 Cr

Explanation:

The receipt of $240 upfront in advance from a customer is a liability for the business as the business has received cash for service that is yet to be provided. The business will record this as a debit to the cash account and credit to a liability account of Unearned Service Revenue.

On 31 december, the business has provided magazines for 3 months thus it has earned revenue for 3 months. The revenue for 3 months is,

Revenue per month = 240 / 12 = 20

For 3 months = 20*3 = 60

The business will record this as a credit to the subscription revenue and a debit to the unearned subscription revenue

4 0

3 years ago

After meeting with your new client, you prepared his statement of financial position and pie charts. Which part of the financial

yuradex [85]

Answer:

Analyzing the client's personal and financial circumstances.

Explanation:

The Financial Planning process is the process involved in planning and formulating certain strategies for the client. The professionals' design plannings and strategies based on the financial situation of the client. They consider every aspect of the financial situation of the client. There is a total of six steps involved in the planning process. Analyzing and evaluating the financial status of the client comes under the third step.

8 0

3 years ago

The following is information for Palmer Co. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending invento

IceJOKER [234]

Answer:

Inventory turnover

Year 3 6.95 times

Year 2 4.73 times

Year 1 4.23 times

Days Sales In Inventory

Year 3 55.22 days

Year 2 75.07 days

Year 1 86.28 days

Explanation:

Inventory turnover is the ratio that how many time a business has sold or replaced the inventory during a given period. A business is considered more profitable if it has high inventory turnover.

According to given data

Year 3 Year 2 Year 1

Merchandise inventory 97,400 87,750 92,500

Cost of goods sold $643,825 $426,650 $391,300

Inventory turnover = Cost of Goods Sold / Average Inventory value

Inventory turnover= Cost of Goods Sold / [ ( Opening Inventory + Closing Inventory ) / 2 ]

Year 3

Inventory Turnover = $643,825 / [ ( 97400 + 87750 ) / 2 ] = 6.95

Year 2

Inventory Turnover = $426,650 / [ ( 87750 + 92500 ) / 2 ] = 4.73

Year 1

Inventory Turnover = $391,300 / 92500 = 4.23

As there will be no Beginning inventory so average inventory will be same as the closing inventory is the same as the Closing Inventory.

Days Sales In Inventory = 365 x Ending Inventory / Cost of Goods Sold

Year 3

Days Sales In Inventory = 365 x 97,400 / $643,825 = 55.22 days

Year 2

Days Sales In Inventory = 365 x 87,750 / $426,650 = 75.07 days

Year 1

Days Sales In Inventory = 365 x 92,500 / $391,300 = 86.28 days

3 0

3 years ago

Judd Company has a beginning inventory in year one of $1,400,000 and an ending inventory of $1,694,000. The price level has incr

kotykmax [81]

Answer:

The ending inventory under the dollar-value LIFO method is $1,554,000.

Explanation:

The dollar-value LIFO method can be described as a variation on the last in, first out (LIFO) method which focuses on the estimation of a conversion price index that can be employed to compare the year-end inventory to the base year cost.

The ending inventory under the dollar-value LIFO method can be calculated as follows:

Beginning inventory at begining price level = $1,400,000

Ending inventory at ending price level = $1,694,000

Beginning price level = 100

Ending price level = 110

Beginning price index = Beginning price level / Beginning price level = 100 / 100 = 1.0

Ending price index = Ending price level / Beginning price level = 110 / 100 = 1.1

Ending inventory at base year prices = Ending inventory at ending price level / Ending price index = $1,694,000 / 1.1 = $1,540,000

Real-dollar quantity increase in inventory = Ending inventory at base year prices - Beginning inventory = $1,540,000 - $1,400,000 = $140,000

Value of real dollar quantity increase in inventory = Real dollar quantity increase in inventory * Ending price index = $140,000 * 1.1 = $154,000

Dollar value LIFO Ending inventory = Beginning inventory at begining price level + Value of real dollar quantity increase in inventory = $1,400,000 + $154,000 = $1,554,000

Therefore, the ending inventory under the dollar-value LIFO method is $1,554,000.

5 0

3 years ago