Answer:
Demand for automobile workers will fall.
Explanation:
Companies are always looking for ways to reduce costs in the production profits, in order to raise revenue and profit.
Workers are form of factor of production known as labor, while machines, which make automation posssible, are another form of factor of production, known as capital.
If employing machines to automate the production process becomes cheaper than hiring workers, then, the firm will use more machines and hire less workers. This is simply because using machines is cheaper, and will likely raise profits.
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 NAFTA today has been replaced by another agreement known as the United States- Mexico Trade Agreement.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:
a) true
Explanation:
There are basically two types of integration which are categorized below:
1. Horizontal integration
2. Vertical integration
In horizontal integration, the company acquired another company that is doing the same type of business whereas, in the vertical integration, the company acquires another company supply chain i.e from raw material, manufacturing, distribution, retail and after-sale services.
Answer:
The answer is given below;
Explanation:
a. Bad Debt Expense Dr.$800
Account Receivable Cr.$800
b. $84,000*11%= $9,240
Credit balance in trail balance ($1,450)
Total $7,790
Bad Debt Expense Dr.$7,790
Account Receivable Cr.$7,790
C. Debit Balance $400
84,000*9%= $7,560
Total $7,960
Bad Debt Expense Dr.$7,960
Account Receivable Cr.$7,960
Answer:
Points
Explanation:
Mortgage points or discount points are prepaid interest available when obtaining a mortgage.
When a lender charges the borrower points he is in effect increasing the yield on the loan above the interest rate agreed on the loan.
Borrowers can also offer points to the lender to obtain a reduced interest rate and reduced monthly payment in exchange for upfront payment of points.
