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valentinak56 [21]
3 years ago
13

The North American Free Trade Agreement Group of answer choices is an example of the unilateral approach to free trade. eliminat

ed tariffs on imports to North America from the rest of the world. reduced trade restrictions among Canada, Mexico and the United States. All of the above are correct.
Business
1 answer:
otez555 [7]3 years ago
6 0

Answer:

reduced trade restrictions among Canada, Mexico and the United States.

Explanation:

The North American Free Trade Agreement reduced trade restrictions among Canada, Mexico and the United States.

The goal of The North American Free Trade Agreement was to eliminate barriers to trade and investment between the U.S., Canada and Mexico.

The implementation of NAFTA brought the immediate elimination of tariffs on more than one-half of Mexico's exports to the U.S. and more than one-third of U.S. exports to Mexico

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uring 2019, Zigma Company earned service revenue amounting to $810,000, of which $650,000 was collected in cash; the balance wil
BaLLatris [955]

Answer:

$810,000

Explanation:

Based on the information given we were told that the during the year 2019 the Company earned service revenue that was amounting to the amount of $810,000 which simply means that the amount that the year 2019 income statement of the company should report for service revenue will be the amount of money or cash that the Company earned as service revenue which is $810,000.

8 0
2 years ago
Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy’s employer withheld $11,000 of federal in
Alenkinab [10]

Answer:

Answer is explained below.

Explanation:

Description                                       Amount      Computation

(1)Gross Income                               $106,000 $100,000 Salary+ $6000 Interest income                                                                

(2)For AGI Deductions                             0  

(3)Adjusted Gross Income                $106,000 (1) - (2)

(4)Standard Deduction                           $18350        Head of Household

(5)Itemized deductions                            $7,000  

(6)Greater of standard deduction            ($18350) (5)<(4)

and itemized deductions

(7)Taxable Income                                      $87650 (3) + (6)

(8)Income Tax liability                                $13,790  ($87,650                          -$84,200)×24%+$12,962(See tax rate schedule for head of household)

(9)Child Tax credit                                    ($2000)  

(10)Tax withholding                               ($11000)  

Income Tax liability                                $790 (8) + (9) + (10)

4 0
3 years ago
Read 2 more answers
Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer of biotech products. Forbes Division, which has $
inessss [21]

Answer:

Residual income is therefore $732,000.

Explanation:

This can be computed by following the following steps:

Step 1: Calculation of ending net book value

<u>Particulars                                           $'000    </u>

Beginning investment                         6,900

add: Additional investment                 8,100

Less: Depreciation - Other             <u>   (2,850)  </u>

Ending net book value                   <u>    12,150  </u>

Step 2: Calculation of Minimum required return

Minimum required return = Ending net book value * Required return rate = $12,150,000 * 12% = $1,458,000

Step 3: Calculation of profit (loss) on disposal

First year depreciation on investment = (Investment cost  - Salvage value) / Useful life = ($6,600,000 - $660,000) / 3 = $1,980,000

Profit (loss) on disposal = Salvage value - Investment cost  - First year depreciation on investment = $660,000 - $6,600,000 - $1,980,000 = $3,960,000 loss

Step 4: Calculation of residual income

<u>Particulars                                                       $'000    </u>

Given operating profit of the division             6,150

Less: Loss on disposal                                <u>  (3,960)  </u>

Revised operating income                             2,190

less: Minimum required return                   <u>   (1,458)  </u>

Residual income                                          <u>     732    </u>

Residual income is therefore $732,000.

7 0
3 years ago
Bob owns a rental property that he bought several years ago for $260,000. He has taken depreciation on the house of $37,000 sinc
EleoNora [17]

Answer:

Bob’s realized gain on the sale is $55,000,

Explanation:

The first step is to find the Book Value of the Rental Property Sold.

<u>Book Value of the Rental Property Sold.</u>

Cost                                               $260,000

Less Accumulated Depreciation  ($37,000)

Book Value                                   $223,000

Gain or Loss on Sale = Selling Price - Cost of Sale (Book Value) - Other Selling Expenses

                                   = $290,000 - $223,000 - $12,000

                                   = $55,000

<u>Conclusion :</u>

Bob’s realized gain on the sale is $55,000,

4 0
3 years ago
In the context of problem solving, _________ involves handling one element of the problem at a time.
34kurt

It should be noted that in the domain  of problem solving, Serial memory processing involves handling one element of the problem at a time.

<h3>What is Serial memory processing?</h3>

Serial memory processing  can be regarded as tge process of attending to and processing one item at a time.

This is different from parallel memory processing, because it focus on an item per time.

Learn more about Serial memory processing at:

brainly.com/question/17493537

8 0
2 years ago
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