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3 years ago

What is the greatest improvement in the service sector that could help facilitate world trade?

Business

2 answers:

VikaD [51]3 years ago

8 0

I only got one anwser wrong on my quiz and I didn't think it would be a verified answer, but it was, (the answer below.)

Citrus2011 [14]3 years ago

4 0

Answer:

a. Increased use of information technology is the correct answer.

Explanation:

Increased use of information technology is the greatest improvement in the service sector that could help facilitate world trade.

The service sector with the help of information technology has made a major contribution to Gross Domestic Product in most of the countries by giving employment, inputs and government service.

Information communications technology has played a major role by instantly generating millions of employment and also a major enabler of discovery and growth.

ICT means applied to businesses that have helped to streamline industry processes and increase efficiency.

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Calculate the net income earned during the year. Assume that the change to stockholder's equity results only from net income ear

Nutka1998 [239]

Answer:

The net income earned during the year is $ 5,000

Explanation:

The first point to kn ow is the accounting equation is A=L+SE

So to calculate the opening stockholders equity we can rearrange the accounting equation to be:

A-L = SE

so opening SE is

Assets $ 50,000 - Liabilities $ 40,000 = Stockholders Equity $ 10,000

Ending Stockholders equity is:

Assets $ 35,000 - Liabilities $ 20,000 = Stockholders Equity $ 15,000

Since the question mentions that the change in stockholders equity is only due to net income, the increase of $ 5,000 represents the net income for 2019.

7 0

3 years ago

Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery can be sold to the Romula

gladu [14]

Answer:

a. $16,426,000

b. $19,080,000

Explanation:

a. What is the book value of Klingon's assets today?

Book value of assets refer to the value of the total value of the assets of a company on its balance sheet after depreciation, impairment and amortization have been deducted.

This can be calculated for this question as follows:

Book value of Klingon's assets today = Book value of current assets + Book value of fixed assets

Book value of fixed assets = $15,500,000

Book value of current assets = Current liabilities + Net working capital = $700,000 + $226,000 = $926,000

Therefore, we have:

Book value of Klingon's assets today = $15,500,000 + $926,000 = $16,426,000

b. What is the market value?

Market value refer to the amount that can be realized from selling something such as the assets of a company.

This can be calculated for this question as follows:

Market value = Machinery sales amount + Current asset liquidated amount = $18,000,000 + $1,080,000 = $19,080,000

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3 years ago

Canopy services paid k. Canopy, the sole shareholder of canopy services, $5,700 in dividends during the current year. The entry

stepan [7]

The entry to close the dividends account at the end of the year:

It is given that Canopy services paid k. Canopy, the sole shareholder of canopy services, $5,700 in dividends during the current year. The entry to close the dividends account at the end of the year shall be as follows:

Dec. 31, Year;

Retained earnings Debit $5,700

Dividends Credit $5,700

(Being dividends closed to retained earnings)

7 0

3 years ago

Read 2 more answers

Economic profit can be derived from calculating total revenues minus all of the firm's costs

Mice21 [21]

Answer:

Economic profit can be derived from calculating total revenues minus all of the firm's costs, Economic profit can be derived from calculating total revenues minus all of the firm's costs, including its opportunity costs. are two stark realities any business firm must recognize.

6 0

3 years ago

What is Absolute and comparative advantage

Romashka [77]

Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another

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3 years ago