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3 years ago

14

Canada and Mexico are the same distance from the United States, but trade is higher between the U.S. and Canada than with Mexico

because

1 answer:

Maru [420]3 years ago

3 0

Answer:

supply and demand i think

Explanation:

its supply and demand maybe people want more things from canada or its the import taxes from importing things from mexico to over here

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g Money is best defined as whatever serves society in three functions: medium of exchange, store of value, and unit of account.

worty [1.4K]

Money is best defined as whatever serves society in three functions: medium of exchange, store of value, and unit of account.

Barter is best defined as a situation where two individuals each want some or service that the other can provide.

A double coincidence of wants is a situation where two individuals each want some or service that the other can provide.

<h3>What is money?</h3>

Money is anything that is accepted by the general public as a means of payment for products and for repayment of debt.

<h3>What are the functions of money?</h3>

Medium of exchange : money can exchanged for goods and services.
Unit of account : money can be used to determine the value of goods and services
Store of value : money can retain its value over the long term.

<h3>What is barter?</h3>

Barter is when people exchange goods with goods. For barter to occur, there has to be a double coincidence of wants. This means that someone has to have what you want and that person wants what you have.

To learn more about money, please check: brainly.com/question/940436

7 0

2 years ago

Assume that a butcher sells Cookout a quarter-pound of meat for $2 and that Cookout sells you a hamburger made from that meat fo

jeka57 [31]

Answer:

$4

Explanation:

Given that

Sale value of quarter-pound of meat = $2

And, the sale value that arises from the meat = $4

So, the value that included in the GDP i.e Gross domestic product is $4 as it reflects the final price of the hamburger rather than the value that is to be intermediate i.e $2 as it shows a quarter pound of meat

So, in the given case only $4 would be included in the GDP

7 0

3 years ago

Job 101 was completed and sold for $60,000. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead cos

castortr0y [4]

Answer:

Required 1

Debit : Finished Goods $53,600

Credit : Work In Process $53,600

Required 2

Debit : Cash $60,000

Debit : Cost of Goods Sold $55,000

Credit : Sales $60,000

Credit : Finished Goods $55,000

Required 3

Debit : Overheads $4,000

Credit : Cost of Sales $4,000

Explanation :

Hi, I have attached the full question as a pdf below

<u>Manufacturing Costs Calculations :</u>

Job 101 = $19,200 + $28,800 + ($420,000/60,000 x1,000) = $55,000

Job 102 = $14,400 + $11,200 + ($420,000/60,000 x4,000) = $53,600

<u>Closing Overheads :</u>

Actual Overheads = $45,000

Applied Overheads = $420,000/60,000 x 7,000 hours = $49,000

Therefore,

Overheads are over-applied ( by $4,000) and must be deducted from cost of sales

7 0

3 years ago

Assume that a manufacturing company incurred the following costs: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision

Len [333]

10092796 tents mei e seen

5 0

3 years ago

Which events listed below would terminate a brokerage relationship where a broker represented a seller

sertanlavr [38]

The events listed that would terminate a brokerage relationship where a broker represented a seller are:

The house sold and the transaction closed
The owner declares personal bankruptcy

<h3>Who is a broker?</h3>

Broker is a person or a company whose work is to sell a company's products hence charge a commission for each product sold. He is like an intermediator between the company and the client.

An agency relationship creates a fiduciary duty owed by the agent to the principal, hence must act in the best interest of his principal at all times.

However, a brokerage relationship may be dissolved where the owner of an item is declared bankruptcy and also were transaction have been completed or closed.

Learn more about brokerage here: brainly.com/question/7284696

#SPJ1

5 0

2 years ago