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3 years ago

Which of the following are benefits of international trade?

Business

1 answer:

AURORKA [14]3 years ago

3 0

Answer:

Please find the detailed answer as follows:

Explanation:

International trade provides many benefits:

1. Technology differences, some countries are capital intensive and some are labor intensive. So the countries produce the good according to their intensivity. And export and import take place which is beneficial for the countries.

2.differentiated products.

When trade take place between the countries, then all the opportunity to consume different products. And countries produce their goods according to their labor and capital ratio and produce different variety of goods.

3.Specialisation in production

Countries specialise in the goods in which they have a comparative advantage.

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Compared to less developed countries, more developed countries have higher rates of?

Taya2010 [7]

Resembled to more developed countries, slight developed countries have a higher ratio of workers in the condition of goods and services the tertiary sector most individuals must produce food for their survival sector of the economizing.

<h3>What is the difference between a more developed country and a less developed country?</h3>

A developed country is a government that has a high level of automation and per capita income while a developing country is a country that is still in the early phases of industrial development and has a low per capita revenue.

To learn more about developing countries visit the link

brainly.com/question/14927048

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7 0

2 years ago

Prepare journal entries to record the following four separate issuances of stock. A corporation issued 7,000 shares of $10 par v

german

Answer:

DEBIT $ 84.000 Cash

CREDIT $ 70.000 Common Stock

CREDIT $ 14.000 Paid-In Capital in Excess of Par Value

DEBIT $ 43.000 Promotion Expenses

CREDIT $ 3.500 Common Stock

CREDIT $ 39.500 Paid-In Capital in Excess of Par Value

DEBIT $ 43.000 Promotion Expenses

CREDIT $ 43.000 Common Stock

DEBIT $ 218.000 Cash

CREDIT $ 175.000 Preferred Stock

CREDIT $ 43.000 Paid-In Capital in Excess of Par Value

Explanation:

DEBIT $ 84.000 Cash

CREDIT $ 70.000 Common Stock

CREDIT $ 14.000 Paid-In Capital in Excess of Par Value

As the company declared a par value, it's necessary to split the equity in two accounts, Common Stock

for the stated value ($70,000) and the Paid in Capital for the excess of cash over the Common Stock ($14,000)

DEBIT $ 43.000 Promotion Expenses

CREDIT $ 3.500 Common Stock

CREDIT $ 39.500 Paid-In Capital in Excess of Par Value

As the company declared a par value, it's necessary to split the equity in two accounts, Common Stock

for the stated value ($3,500) and the Paid in Capital for the excess of the price over the Common Stock ($39,500)

In this case there is no cash because the shares are in exchange for the promotions effort (Expenses)

DEBIT $ 43.000 Promotion Expenses

CREDIT $ 43.000 Common Stock

As the company declared no-par value, it's not necessary to split the equity in two accounts, full value to common stocks account

In this case there is no cash because the shares are in exchange for the promotions effort (Expenses)

DEBIT $ 218.000 Cash

CREDIT $ 175.000 Preferred Stock

CREDIT $ 43.000 Paid-In Capital in Excess of Par Value

Last escenario the company declared preffered stock and not Common ones, so the equity account in this case it's Preferred stock

as the par value it's $100 ($175,000) to Preferred Stock and Paid in Capital for the excess of the price ($43,000)

6 0

3 years ago

Rip garage, inc. (459 ellis avenue, harrisburg, pa 17111), is an accrual basis taxpayer that repairs automobiles. in late decemb

mixas84 [53]

Answer:

To: Treasurer of Trip Garage, Inc.

From: Me

Subject: Dispute over accrued revenue

Mrs. S. Apple,

Good evening. Regarding your dispute over accrued revenue generated form the repair of Mr. Mosley's car, I must inform you the following:

Trip Garage, Inc., is an accrual basis taxpayer, therefore, revenues must be recorded once the repair service was completed, not when the invoice was collected.

In future occasions when similar problems show up, you should record an allowance for doubtful accounts. This way, if you believe that an account receivable is unlikely to be collected, it will be not considered for the year's financial records. This adjusting journal entry must be recorded before the end of the year, if not, all related revenues must be included in the years income statement.

Regards,

Explanation:

Accrual taxpayers are required to record revenues once the revenue generating activity has been completed, i.e. Trip should have recorded $1,000 in revenue during 2017:

Dr Accounts receivable 1,000

Cr Service revenue 1,000

If Trip didn't consider that it would be able to collect the $1,000 receivable, then it should have recorded it as bad debt expense:

Dr Bad debt expense 1,000

Cr Allowance for doubtful accounts 1,000

If thy did not record the bad expense, then the IRS agent is right, and the $1,000 must be included in the 2017 income statement.

3 0

3 years ago

It is important when you first start using social media to create a trial because?

Scrat [10]

The correct option is D.
When one is about to start using a particular social media, it is needful that one first creates a trial for some important reasons. Firstly, creating a trial gives one the opportunity to become familiar with the program, so that one will know what using the media entails. Creating a trial also gives one the opportunity to decide whether the social media is fit for one's needs or not. During this period, one will surely make some mistakes, but their impacts will be minimized because one is just trying out the social media.

4 0

3 years ago

Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product kn

makvit [3.9K]

Answer:

Customer-focused compensation strategy

Explanation:

Customer-focused compensation strategy is the rating system where the employees are rated based on the way customers are being serviced. In this scenario, Mich Inc. is rating its employees on their friendliness, usefulness, and product knowledge, so the compensation strategy followed by Mich is closely described as a customer-focused strategy.

7 0

3 years ago