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katrin2010 [14]

2 years ago

10

According to the theory of comparative advantage, of the united states and mexico increase their trade with each other, the two

countries will experience ________ standards of living.

1 answer:

Darina [25.2K]2 years ago

8 0

I believe the answer is higher

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Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations. The cash register’

erica [24]

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr$598

To Sales $560

To Cash over and short $38

(Being the cash sales are recorded and the remaining balance is credited to the cash over and short account)

2. Cash A/c Dr $1,112

Cash over and short A/c Dr $36

To Sales A/c $1,148

(Being the cash sales are recorded and the remaining balance is debited to the cash over and short account)

4 0

3 years ago

the audit working paper that reflects the major components of an amount reported in the financial statement is the

KiRa [710]

The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.

<h3>What is the Lead Schedule?</h3>

A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
The sum for the related line item in a client's financial statements should match the number on the lead schedule.
The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
The lead schedule gives a list of the contents of each line item. This is a useful starting place for your records.

To learn more about the Audit working paper refer to:

brainly.com/question/13812517

#SPJ4

4 0

1 year ago

The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys s

Mama L [17]

Answer:

GDP [Expenditure Approach] is $7,040, Depreciation is $920

Explanation:

The formula for calculating GDP [Expenditure Approach] is Consumption expenditure + Investment + Government expenditure + Exports − Imports

Mathematically,

Y = C + I + G + (X − M)

Where C = $7,000, I = $160, G = $180, (X-M) = -$300

Y = 7000 + 160 + 180 - 300 = $7,040

GDP [Expenditure Approach] is $7,040

Depreciation = GDP - NDP

NDP = wages + profits + interest + rent + net factor income of unincorporated businesses

Where wages = $5,900, profits + interest + rent = $220, net factor income from abroad = $0

NDP = 5900 + 220 + 0 = $6,120

Applying Depreciation = GDP - NDP, we have:

Depreciation = 7040 - 6120 = $920

N.B: The depreciation is a measure of the statistical discrepancy between the GDP and NDP

7 0

2 years ago

What are the main components of money in the United States today? The main components of money in the United States today are

Komok [63]

Answer:

The answer is option B.

Explanation:

The main components of money in the United States today are the physical cash in the form of currency, and also the deposits that are made in the form of savings in various banks and other depository institutions. This is to take into account that, the asset that can be converted into cash is not considered under these components of money in the US.

7 0

2 years ago

What are some trade barriers in the caribbean

Viefleur [7K]

The freeing up of trade barriers in the Caribbean is being accompanied by foreign exchange liberalisation giving local exporters access to funds they need to bring in foreign goods.

7 0

3 years ago