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4 years ago

Select the answer that most accurately describes the effects of NAFTA.

2 answers:

7 0

The answer is "c. It is difficult to assess all the results of NAFTA, but most economists agree that NAFTA has been beneficial to the countries involved".

The North American Free Trade Agreement (NATFA) was the entryway through which American specialists were pushed into the neoliberal worldwide work showcase.

By building up the rule that U.S. partnerships could move generation somewhere else and move once again into the United States, NAFTA undercut the bartering intensity of American specialists, which had driven the extension of the white collar class since the finish of World War II. The outcome has been 20 years of stale wages and the upward redistribution of salary, riches and political influence.

Zielflug [23.3K]4 years ago

5 0

The answer is C

hope this helps

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In September 2019, the budget committee of Jason Company assembles the following data: 1. Expected Sales October $1,800,000 Nove

Sliva [168]

Answer:

$1,068,000

Explanation:

JASON COMPANY

Budgeted Income StatementFor the Month Ended October 31, 2019

Sales $1,800,000

Cost of goods sold

Inventory, October 1 $216,000

Purchases $1,068,000

Cost of goods available for sale $1,284,000

($1,068,000+$216,000)

Less: Inventory, October 31 $204,000

Cost of goods sold $1,080,000

($1,284,000-$204,000)

Gross profit $720,000

($1,800,000-$1,080,000)

Supporting Computations:

Budgeted cost of goods sold $1,080,000

Desired ending merchandise inventory 204,000

Total $1,284,000

Less: Beginning merchandise inventory ,($216,000)

Budgeted merchandise purchases$1,068,000

October

$1,800,000 × 60% = $1,080,000.

($1,700,000 × 60%) × 20% = $204,000.

$1,080,000 × 20% = $216,000.

6 0

3 years ago

Why do credit card companies typically require small minimum payment amounts on their customers' monthly credit card statements.

evablogger [386]

Answer:

C) Credit card companies want to increase profits by promoting slower repayment, and actual customer repayments will be anchored by the smaller payment options

Explanation:

It is always a bad idea to only pay the minimum monthly payment on a credit card debt, since the APR charged is much higher than other personal loans. If someone only makes the minimum payment and continues to purchase goods or pay services, their balance will continue to grow.

7 0

3 years ago

You are making a $120,000 investment and feel that a 10 percent rate of return is reasonable given the nature of the risks invol

Vika [28.1K]

Net Present Value is the difference between the present value of cash flows and the initial investment.

Net Present Value = Present Value of cash flows - Initial Investment

The following image shows the Net Present value of the cash flows:

Net Present Value = $122,142 - $120,000

Net Present Value = $2,142

5 0

3 years ago

The following information is related to Kingbird Company for 2017.

Sati [7]

Answer:

Net income is $2,474,000

Retained earning for the year 2017 is $2,142,000

Retained earnings balance at December 31, 2017 is $3,123,000

Explanation:

A multi-step income statement is an income statement that shows gross profit and the detailed of each category of expenses and incomes to arrive at the net income of a company for a particular period.

This can be prepared as follows:

Kingbird Company

Mutiple step income statement

for the year ended December 31, 2017

Details $

Sales Revenue 26,100,000

Cost of goods sold (16,100,000)

Gross profit 10,000,000

Operating expenses:

Selling and administrative expenses (4,710,000)

Operating income 5,290,000

Other income (loss):

Gain on the sale of investments 111,000

Write-off of goodwill (821,000)

Loss due to flood damage (391,000)

Interest income:

Interest revenue 71,000

Income before tax 4,260,000

Income taxes for 2017 (1,254,000)

Income after tax 3,006,000

Extraordinary items:

Loss on wholesale div. disp. (net of tax) (441,000)

Loss on wholesale div. op. (net of tax) (91,000)

Net income 2,474,000

Preferred stock dividend (81,000)

Common stock dividend (251,000)

Retained earning for the year 2017 2,142,000

Retained earnings balance, Jan. 1, 2017 981,000

Retained earnings bal., Dec. 31, 2017  3,123,000 

8 0

3 years ago

Knoll, inc. currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and fixed costs of $300,000.

Lunna [17]

Cost per unit
(300,000÷15,000)+20=40

Current profit
50×15,000−40×15,000=150,000

Profit change
60×15,000−40×15,000=300,000

units will knoll need to sell for profit to remain the same as before the price change is
(150,000+300,000)÷40=11,250

3 0

4 years ago