A common market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.
<h3>Why was the common market formed?</h3>
Through the removal of the majority of trade barriers and the development of a unified external trade strategy, the EEC was created with the goal of establishing a common market among its members. In order to shield EEC farmers against agricultural imports, the treaty also called for the creation of a unified agricultural policy, which was implemented in 1962.
A free trade zone with a reasonably unrestricted circulation of goods and services is referred to as a common market. When it was a regional organization from 1958 to 1993, the European Economic Community was known as the "Common Market."
In a customs union, all or almost all of a country's imports, exports, and transiting commodities are subject to the same set of processes, regulations, and tariffs. Customs union participants typically have similar trade and competition laws.
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The number of dollar sales to be achieved to reach the goal is $287,600
<h3>
What is a dollar?</h3>
- The official money of the United States of America is the USD (United States dollar).
- One hundred cents make up one dollar, often known as the U.S. dollar. It is distinguished from other currencies based on the dollar by the symbol $ or US$.
- The U.S. dollar, which is considered a standard, is the most widely used money in transactions globally. In addition, it is used as the official currency in several regions outside of the U.S., while many others use it alongside their own as an unofficial currency.
We have the following details:
Fixed Cost = $ 39,800
Earning Required = $71,900
Hence
Contribution Required= Fixed Cost+Earning Required
Contribution Required = ($39,800+$71,900)
Contribution Required = $ 111,700
We use then the following formula:
Contribution Margin ratio = Contribution Margin/Sales
25%= $ 109,900/Sales
Sales = $ 109,900/25%
Sales = $287,600.
The number of dollar sales to be achieved to reach the goal is $287,600
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Answer:
The correct option is option e)
not trade movie tickets for basketball tickets because his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.
Explanation:
The cost of one movie ticket is $8 then Bills' four tickets will be $32.
The cost of a basketball ticket is $28.
Therefore if bill should trade 4 movie tickets for a basketball ticket he will make a loss of $ 4 so it is advisable for bill not to trade movie ticket for basketball ticket. And again his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.
The options where it is most appropriate to quote from the original email are;
Option A - To make changes to a distributed meeting agenda;
Option B - To suggest changes to the new proposed office budget
Option C - To confirm participation on a new project.
<h3>Why is it important to quote from an original email?</h3>
Quoting or citing or replying to an original email helps to ensure the following:
- That the text being sent as a reply is considered within the context of the original one
- To provide room for reinforcing previously sent communication
- To allow for comparison of related text
- To allow corrections to a referenced idea
- To allow reference to an original thought or idea.
<h3>What is a quote?</h3>
To quote means to reference anything as proof. Quote may also be used as a verb and a noun. To quote something or someone means to repeat exactly what they said or to recite exactly what is written in a book.
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Full Question:
For each of the following, indicate whether you would quote from the original e-mail in your response. (Select all that apply)
A) To make changes to a distributed meeting agenda
B) To suggest changes to the new proposed office budget
C) To confirm your participation on a new project
D) To start a new discussion about getting extra resources for a project
Solution:
The record entry in accounting is the reporting of a report in an accounting document that displays the company's costs and credit balances. The amount of the payments must be equivalent to the sum of the credits otherwise the journal submission must be treated as unbalanced.
Raw material: a fundamental substance in its natural, changed or semi-managed condition, used as a contribution to the cycle of production for the eventual modification or transformation into a finished decent substance.
Pass journal entry
Particular Debit ($) Credit ($)
Raw material inventory (WN1) 210,000
Cash 210,000
Work in process 186,000
Raw material inventory 186,000
Factory overhead 15,000
Raw material inventory 15,000
