The united states and kenya are exploring the possibility of a trade deal. <u>Free Trade </u>refers to a situation in which a government does not attempt to restrict what its citizens can buy from or sell to another country.
<h3>What is Free Trade?</h3>
A free trade policy is one in which imports and exports are not restricted. It is also known as the free market concept applied to international trade. Most countries now participate in multilateral trade agreements negotiated by the World Trade Organization. Goods and services can be purchased and sold across international borders with little or no government taxes, quotas, subsidies, or bans impeding their interchange under a free trade policy. Trade protectionism and economic isolationism are the polar opposites of free trade.
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Answer:
the steps are
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Explanation:
these are the steps because in order to get the analysis you need to go through these steps
Answer:
The amount of depreciation expense on the consolidated income statement is $144,375
Explanation:
The computation of the depreciation expense is shown below:
Excess depreciation arise on gain on sale of asset is
= ($125,000 - $80,000) ÷ 8 years
= $5,625
Now the Consolidated depreciation is
= $86,000 + $64,000 - $5,625
= $144,375
Hence, the amount of depreciation expense on the consolidated income statement is $144,375
A company bills customers for services provided. the company records this transaction with a Debit Accounts Receivable.
A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.
The definition of a customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.
In sales, commerce, and business, customers (sometimes called customers, purchasers, or purchasers) receive goods, services, products, or ideas obtained from sellers, vendors, or suppliers through financial transactions. is a person. Transaction or exchange for money or other valuable consideration
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Answer:
A. Sole proprietorship
Explanation:
A sole proprietorship is a business owned by one person. The owner is responsible for making all business decisions like the products or services to sell, its location, the hours, and mode of operations. The owners enjoy all the profit by themselves. A sole proprietorship is the easiest form of business structure to start. The owner only needs to register it and obtain a license from the local authorities.
Some of the drawbacks of a sole proprietorship or sole trader are a limited source of capital and unlimited liabilities to the debts of the company. Since the business is owned by a single individual, capital is contributed by that one person only. The law treats a sole proprietorship business and the owner as one entity. Business profits are the owner's profits, and so are the debts.
