GATT is a very common term in business. One of the global institutions that emerged over the past 75 years is GATT which stands for the General Agreement on Tariffs and Trade.
<h3>What is the meaning of GATT?</h3>
The word simply means General Agreement on Tariffs and Trade. This General Agreement is known to covers international trade in goods.
They are involved in Trade negotiations. The WTO is regarded as the successor to the General Agreement on Tariffs and Trade (GATT) set up after the Second World War.
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Answer:
Option A, total debits to the inventory account would be $37,800, is correct
Explanation:
The cost of the merchandise inventory to Wilson Company is the cost of the inventory purchased and the freight-in cost.
In other words, the amount to be recognized in merchandise inventory account is the sum of both amounts i.e $35,000+$2800=$37,800
This would be debited to merchandise inventory and $2,800 would be credited to the cash account while $35,000 is credited to accounts payable
Answer:
its iii i hope this helps
Answer:
Explanation:
Data given
From the info given we have the following conditions:
And we want to find 
Solution to the problem
From the definition of variation coefficient we know this:
From this condition we can solve for 
and we got:
Now we can find 
like this:
Now from the definition for coefficient of variation for Y we have:
We can solve for 
and we got:
And finally the variance would be:
The firm has no control over its price because all firms are price takers. In this situation, even though the firm advertises its product successfully, it still can not decide how high it wants to set it, the market will determine the price and the demand of the product will determine how much or how little the price changes.
