Answer:
B. It eliminated all tariffs and non-tariff trade barriers from within North America.
Explanation:
The North American Free Trade Agreement was a pact formed between America, Canada, and Mexico to encourage trade between these three countries. This pact encouraged trade within these three nations by eliminating tariff barriers that would otherwise have limited trade between the countries.
NAFTA became active on January 1, 1994. NAFTA today has been replaced by another agreement known as the United States- Mexico Trade Agreement. This was made possible by President Donald Trump who believed that NAFTA was not really fair on America.
Answer:
False
Explanation:
economist Kenji supports contractionary monetary policy because he believes that expectations adjust quickly in response to changes in policy and the efforts made by fed( an decrease in government spending and/or an increase in taxes) will be worth and the costs of reducing inflation will be less.
Whereas economist Eric, thinks that change in money supply is not a good idea to reduce inflation as it will work very slowly.
Answer: $42,000
Explanation:
The Net investment required is the total amount that a company needs to initiate a project or acquire an asset.
Net investment at time 0 = Cost of machine + increase in net operating capital
= 40,000 + 2,000
= $42,000
Answer: c. $94,240
Explanation:
On December 31, 2005, one payment has already been made which would mean that only 7 payments are left. As the first of these remaining 7 will be paid the year after, this is an ordinary annuity.
Note payable value = Present value of seven $20,000 payments
= 20,000 * Present value of ordinary annuity of 1 at 11% for 7 years.
= 20,000 * 4.712
= $94,240
Answer:
d. is the amount of consideration that a company expects to receive from a customer.
Explanation:
The price of the transaction is the expected amount that the customer receives to transfer the goods and services. This transaction price depends on the project being completed.
The transaction price plays a major role in recognizing the revenue as it specifies the contract with the customer, performance obligations, after which only the transaction price is evaluated, then the allocation is done and finally revenue is recognized
